Student Accident Insurance

Student Accident Insurance is a "Zero-cost solution private schools use to transfer the Risk and Administrative Burden associated with student injuries and accidents from themselves to an insurance company."

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Why should every school have Student Accident Coverage?

Protecting the health and welfare of students is a challenge that educators and administrators face daily. Student Accident Coverage absorbs the "costs" and "administrative burden" associated with school-time student injuries that would otherwise be your responsibility. Student Accident Coverage is designed to:

Help insulate schools from lawsuits, unhappy parents and burdensome administration
Reduce the number of claims against a school's Property & Casualty policy (which can also reduce premiums)
Provide financial assistance to parents and students by covering students who lack major medical coverage and items that may not be covered under parents' major medical if a child is hurt while playing at recess, gym class, school sponsored-sports, or even on the bus.

What is the Benefit for parents and students, and school administrators?

Mandatory coverage for all eligible students provides extraordinary benefits to both parents, students, and the participating institution.

Parents and students benefit from:

Financial assistance to cover co-pays, deductibles, etc.
Reasonable rates - as little as a quarter a week.
The peace of mind in knowing those financial obligations will be paid in the event of an accident.

Schools Benefit Since:

Coverage generates good will for your institution by avoiding an adversarial role in the process.
The school can offer a comprehensive program without the costs to implement the plan (premiums can be transferred to parents simply as part of tuition or as a line item on school registration fees).
The insurance company handles the entire claims process from start to finish.
The insurance pays actual expenses incurred and pays regardless of fault.
The school is assured better student retention figures and protection from attrition.
Guaranteed equal access to medical care for all students is guaranteed.
Reduced litigation for on-campus accidents or accidents occurring during school activities.
Reduces stress for administrators.
The school avoids the awkwardness involved in having to ask if the student's parents have medical insurance.
The school is pro-active in implementing its risk management initiatives with regard to its property and casualty insurance program often resulting in lower premiums!
Saving $$$ on your school's current General Liability (GL) Policy
A comprehensive Student Accident program may make a school eligible for premium discounts on basic general liability policies.
Most property and casualty insurance carriers reward institutions that have a risk transfer program for Student Accident Coverage because they know the number of claims reported on the general liability policy will be reduced.

What Are The Costs Associated With Student Injuries?

Unplanned out-of-pocket costs to school for medical expenses.
Increased administrative burden on school to file and settle a claim.
Unexpected expenses for parents.
Disenchanted parents due to unexpected expense and school's handling of situation.
Parents may have to bring suit against the school (and/or the school board) in order to pursue indemnification.
Student injury disrupts regular school agenda.
Discussions with parents and providers are adversarial unless you pay the claim.
Student withdraws due to unplanned medical expenses.
School loses the tuition revenue from withdrawn student.
Parents send brothers and sisters elsewhere due to this experience.
Medical providers call the school looking for payment of medical bills.
Fundraising from alumni, parents and local community potentially suffers.
Potentially increase Property and Casualty premiums.

Where and Why Do Student Injuries Occur?

To help you properly manage this risk, you must be familiar with where the exposure for injury is greatest. This should include an analysis of both the frequency and severity of injuries. In our experience, the most frequent causes of loss in youth and recreation facilities are as follows:

Slips/Trips and Falls
Playgrounds
Fighting and Horseplay
Organized Sports and Clubs
Vehicular
Other (like burns, food poisoning, etc.)
Abuse and Neglect

Group Coverage

At Davevic Benefit Consultants, we look for ideas, not excuses. As one of the region's leading providers of group health care coverage and employee benefits, we know how and where to find solutions that lie beyond the obvious.