Charter School Insurance North Carolina

Get a Quote
Or call (704) 703-1413 to start your quote.

Get NC small business insurance quotes and info on costs, coverages, minimum requirements, certificates & more.

Types Of Small Business Insurance

  • Includes medical payments, legal representation, and defense against libel and slander accusations.
  • Provides financial protection if an employee has a job-related accident or illness.
  • Bundles general liability insurance and commercial property into one affordable policy.
  • Pays to repair or replace your business property if it's stolen, damaged, or destroyed in a fire or natural disaster.
  • Covers mistakes or alleged mistakes on your part (errors) & failures or alleged failures to perform a service (omissions).
  • Is liability and physical damage protection for vehicles, such as cars, trucks and vans, that are used for business.
Free Business Insurance Quote Click Here

Frequently Asked Questions About Small Business Insurance


How much does general liability insurance cost?

In 2019, commercial general liability costs can vary widely based on industry. Businesses in higher risk industries pay more. Premiums are also determined by zip code and often payroll and/or gross sales. You can request a free quote to get an exact premium for your business. Read more...

What types of business insurance do I need?

Almost every business needs general liability and commercial property insurance at the very least. If you have any non-owner employees, you'll most likely need workers compensation insurance too as most state require it. It all depends on the risks your business faces. Read more...

How does general liability insurance work?

Having general liability is the basis of any business insurance program. If you can afford only one commercial insurance policy for your small business - then you should get a commercial general liability policy, because it offers protection against a wide range of common but unexpected risks. Read more...

What is a Certificate of Insurance?

A Certificate of Insurance (COI) is proof of coverage. It verifies that you have insurance coverage for your small business, & contains information on types and limits of coverage, insurance company, policy number, named insured, and the effective date of the policy. Read more...
Free Business Insurance Quote Click Here

Charter School Insurance North Carolina Policy Information

Charter School Insurance North Carolina

Charter School Insurance North Carolina. Charter schools offer so many wonderful benefits for their students. Children have the opportunity to gain a comprehensive education in a safe and inviting environment while developing lasting relationships with their educators and fellow students.

If you are thinking about starting a NC charter school, there is no denying that there are a lot of considerations and decisions to be made. One thing that you don't want to overlook is getting the right insurance coverage. Charter schools are required to carry insurance coverage, though their needs are much different than the insurance needs of other types of industries.

It is for that reason the departments of education have established very particular insurance requirements for charters schools, and these establishments must comply with these requirements.

To find out more about the types of charter school insurance North Carolina coverage you will need to operate a charter school and protect your staff, your students, and your establishment, keep on reading.

Charter school insurance North Carolina protects your public school of choice from lawsuits with rates as low as $167/mo. Get a fast quote and your certificate of insurance now.

Insurance Coverage Requirements for Charter Schools

Below is a look at the most common types of charter school insurance North Carolina coverage that the department of education requires:

Abuse & Molestation - This type of insurance policy provides coverage for charter schools in the event that claims related to sexual molestation or abuse should arise. It is important to understand that this type of insurance coverage is usually excluded under other types of policies, which is why a separate policy that offers this type of coverage is required. Claims of child abuse frequently allege negligence in 3 areas:

  • Failure to exercise sufficient care in the selection of staff
  • Failure to properly supervise the abuser
  • The charter school allowed the abuser to continue working with children after abuse was suspected

Directors & Officers Liability - With this type of policy, directors and officers of a charter school will be provided with financial protection should they be sued for anything that relates to the performance of their specific duties in their role in a charter school. Most policies include:

  • Side A Coverage: Insures individual directors & officers to protect their personal assets.
  • Side B Coverage: Reimburses the organization for costs incurred when the organization indemnifies directors and officers in a claim.
  • Side C Coverage: Protects the organization itself when it is named as a defendant in a claim.

Professional Liability (E&O) - This type of policy will protect a charter school from any legal claims that may arise that state there was a failure to perform professional duties, and that failure to perform resulted in damages to someone else. Some common allegations that E&O insurance covers are:

  • failure to educate
  • failure to supervise a classroom
  • failure to respond to or prevent bullying activities of students

Employment Practices Liability - This type of liability insurance provides coverage against any wrongful acts that are associated with the employment practices of a charter school. Examples of wrongful acts including discrimination, sexual harassment, failure to hire despite meeting qualifications, and wrongful termination. This policy protects charter schools against employee suits alleging violations of their rights under various federal acts.

Employee Benefits Liability - With this type of insurance policy, any wrongful acts that may be committed by a charter school's administration in regard to an employee benefit program will be covered.

Commercial Property Insurance - It is also a requirement for charter schools to have property insurance coverage. In the event that anything happens to the physical property of the charter school, such as a flood, a fire, or theft, property insurance will provide the coverage that is needed to make any necessary repairs or replace the structure. Property insurance polices for charter schools may also cover:

  • Bleachers, ticket booths and refreshment stands
  • Broadened water
  • Communication equipment, computers and media
  • Extra expense
  • Loss of income - planned events
  • Money, securities and stamps
  • Outdoor fences, signs, trees, shrubs and plants
  • Personal property of teachers and others
  • Portable classrooms
  • Property off-premises
  • Refrigerated property
  • Equipment breakdown
  • Tuition and fees
  • Violent event extra expense

Workers Compensation - Since charter schools employ a staff of educators, food service workers, custodians, and other professionals, these institutions are also required to carry workers' compensation insurance. This type of policy provides coverage for medical care, as well as compensation for any employee who may become injured while on the job - for example:

  • medical care from the injury or illness
  • replacement income
  • costs for retraining
  • compensation for any permanent injuries
  • benefits to survivors of workers who are killed on the job

In exchange for offering this type of insurance coverage, employees relinquish their right to sue the charter school.

General Liability - It is also a requirement for charter schools to cover general liability insurance. This type of insurance coverage protects employees, students, and any visitors to the property who may be injured on the property with compensation and medical care. Commercial general liability polices may also offer:

  • Blanket additional insured coverage
  • Coverage for school nurses and athletic trainers
  • PTAs and booster clubs included as additional insured
  • Volunteers and temporary workers included as insured

Commercial Auto - If you are transporting students, employees or others, commercial auto offers protection in the event of an accident with a school-owned vehicle. Business auto options may include:

  • Additional transportation expense
  • Coverage for employees using non-owned, hired or borrowed autos
  • Hired car physical damage
  • Physical damage to vehicle of employees or volunteers

Additional Insurance Coverage Options

In addition to the above-mentioned charter school insurance North Carolina coverage options, there are other types of policies that charter schools may want to consider carrying. These policies offer additional protection and are highly recommended:

  • Internet Liability. Should any personal or business-related information be compromised over the Internet, this type of policy will provide the necessary coverage.
  • Identity Theft. Should the identity of an employee or a student be compromised, this type of coverage will offer the help that is needed to guide them through restoring their identity and protecting it in the future.
  • Tuition Fees. If a school looses tuition fees as a result of being forced to suspend school as the result of a peril, this insurance will offer coverage.

And there are even more charter school insurance North Carolina coverage options available:

  • Commercial umbrella
  • Corporal punishment
  • Flood and earthquake
  • Inland marine (sports equipment, musical instruments, audio/visual equipment etc.)
  • Law enforcement professional liability
  • School board legal liability

How Much Does NC Charter School Insurance Cost?

The cost for this type of insurance policy varies. Commercial insurance providers take several factors into consideration when calculating costs, including the size of your school and the risks that are associated with operating it. Additionally, the amount of coverage you will need, payroll and employee size can also affect the price.

North Carolina Economic Data, Regulations & Limits On Commercial Insurance

For business-savvy individuals who are looking to establish operations for their corporation in North Carolina, having a firm understanding of the economic status of the state is essential. It's also crucial that business owners understand what the regulations and limitations for commercial insurance in the state. Below, we offer an overview of the economy and insurance requirements in the Tar Heel State.

Made In North Carolina

For any business owner who is thinking about establishing a NC based organization, it's essential to first understand if the state is considered a healthy location for your enterprise. Before you set up shop, understanding key details that are related to the economy of the state, in addition to what type of commercial insurance is mandated is essential.

Economic Trends for Businesses In North Carolina

Job growth is promising in NC. Between 2017 and 2026, it is estimated that 389,000 jobs will be created within the state. In 2017, the unemployment rate within the state continued to fall at a steady rate; however, as of March, 2019, the state's unemployment rate rose 0.1 percent, a slight increase. Though the unemployment rate in North Carolina is slightly higher than the national average (0.2 percent higher), the forecast is positive, with rates holding steady in the coming years.

As of January, 2019, the unemployment rate did increase in all 100 North Carolina Counties; however, the rate is still lower than it was during the early 2000s. With an unemployment rate of 3.6 percent, Asheville had the best labor market in January, 2019, while in Rocky Mount, the rate was 6.0 percent, the highest in the state.

It is predicted that the following industries will contribute the most to NC's labor market through the year 2026:

  • Aerospace and Defense
  • Automotive
  • Biotechnology and Pharmaceuticals
  • Business and Financial Services
  • Computer- and Mathematics-related occupations
  • Food Processing and Manufacturing
  • Furniture Production and Sales
  • Health Care and Social Assistance
  • Outdoor Recreation
  • Plastics and Chemicals
  • Professional, Scientific, and Technical Services
  • Textiles
Commercial Insurance Regulations and Limits in North Carolina

Every industry is required to comply with state-mandated commercial insurance regulations in the state of North Carolina. According to state law, all businesses that employ three or more workers must carry workers' compensation insurance. Businesses that rely on vehicles for their operations must also carry commercial automobile coverage. Organizations that operate in areas that are prone to flooding must also carry commercial flood insurance. Additional forms of coverage may be required, as well, depending on the specific industry that a business operates under.

Additional Resources For Education, Colleges, Universities & Schools Insurance

Learn about small business commercial insurance for educators that helps protecting your professional reputation and other legal liabilities arising from your educational services.


Education, Colleges, Universities And Schools Insurance

The exposures of one individual educational institution may be totally different from those of another. Because of this, comprehensive surveys of each facility are needed to accurately determine the proper insurance program needed by each.

While the exposures may be significantly different, they have the common component of educating a student and providing faculty that is competent and facilities that are safe for learning.

Many of these institutions have a number of buildings, extensive grounds, and expensive equipment. Comprehensive property and liability insurance is crucial, as is protection and coverage for tuition income, athletic events, teachers’ liability and many other exposures.

Educators' Legal Liability (ELL) coverage provided by insurers may have significant differences. It is important to compare what is available to meet the exposures and financial needs of a given educational institution or school district. Different ELL forms may even have substantially different insuring agreements. There are three main types of insuring agremeements in ELL policies:

Insuring Agreement A: The language in this agreement refers to coverage being provided contingent on receiving the policy premium. It states that coverage is subject to all relevant policy provisions. The carrier also states that the policy issuance is a result of completely relying on the accuracy of the information provided by the applicant/insured. This agreement refers to a Self Insured Retention .

Insuring Agreement B: This company's agreement is worded similarly to the language found in most standard commercial policies. It states that the company will pay on behalf of an insured that faces an allegation of performing a wrongful act. It also states that it will not respond to acts that occur before either the policy's effective date or the applicable retroactive date.

Insuring Agreement C: The language in this carrier's agreement is more specific. It makes reference to paying on behalf of an insured due to liability involving eligible, education operations acts. It also contains wording that reflects its claims-made basis of coverage.


Request a free Charter School Insurance North Carolina quote in Albemarle, Apex, Archdale, Asheboro, Asheville, Belmont, Boone, Burlington, Carrboro, Cary, Chapel Hill, Charlotte, Clayton, Clemmons, Clinton, Concord, Cornelius, Davidson, Dunn, Durham, Eden, Elizabeth City, Elon, Fayetteville, Fuquay-Varina, Garner, Gastonia, Goldsboro, Graham, Greensboro, Greenville, Harrisburg, Havelock, Henderson, Hendersonville, Hickory, High Point, Holly Springs, Hope Mills, Huntersville, Indian Trail, Jacksonville, Kannapolis, Kernersville, Kings Grant, Kings Mountain, Kinston, Knightdale, Laurinburg, Leland, Lenoir, Lewisville, Lexington, Lincolnton, Lumberton, Matthews, Mebane, Mint Hill, Monroe, Mooresville, Morehead City, Morganton, Morrisville, Mount Airy, Mount Holly, Murraysville, Myrtle Grove, New Bern, Newton, Oxford, Pinehurst, Pineville, Piney Green, Raleigh, Reidsville, Roanoke Rapids, Rockingham, Rocky Mount, Salisbury, Sanford, Shelby, Smithfield, Southern Pines, Spring Lake, St. Stephens, Stallings, Statesville, Summerfield, Tarboro, Thomasville, Wake Forest, Washington, Waxhaw, Waynesville, Weddington, Wesley Chapel, Wilmington, Wilson, Winston-Salem, Winterville and all other cities in NC - The Tar Heel State. Call us (704) 703-1413.

Charter School Insurance
Rated 4.8/5 based on 115 reviews
Free Business Insurance Quote Click Here