Public Administration Insurance Policy Information
Public Administration Insurance. Being involved in the public administration industry means you are engaged in the overseeing and management of different public programs within the various governmental agencies. These government agencies exist on the federal, state and local levels. Governmental groups involved in the organization and funding of public goods and services are also included in this sector. These businesses also manage different organizations that have legislative, judicial or executive power of the different institutions in their jurisdiction.
Most of these are government agencies but still need to be protected from the risks they face. To be protected they need to have insurance. In this post, we'll talk about the different public administration insurance policies needed to protect these different agencies.
Public administration insurance protects your agency and programs from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked public administration insurance questions:
- What Is Public Administration Insurance?
- How Much Does Public Administration Insurance Cost?
- Why Do Public Administration Organizations Need Insurance?
- What Type Of Insurance Do Public Administration Organizations Need?
- What Does Public Administration Insurance Cover & Pay For?
What Is Public Administration Insurance?
Public administration insurance is a type of insurance that is specifically designed to protect public sector organizations and their employees.
This insurance provides coverage for various types of risk exposure, including liability, workers' compensation, and property damage. Public administration insurance is designed to protect public sector organizations from financial losses and legal consequences that may arise from the actions of their employees or from their operations.
The coverage is typically tailored to meet the specific needs of the organization and may include protection for physical property, cyber liability, and employee benefits.
How Much Does Public Administration Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small public administration businesses ranges from $67 to $89 per month based on location, size, payroll, sales and experience.
Why Do Public Administration Organizations Need Insurance?
Here are some reasons why public administration organizations need insurance:
Risk Management: Public administration organizations are often responsible for managing large budgets, infrastructure, and services for communities. This can make them vulnerable to various risks and liabilities. Insurance can help mitigate these risks and provide protection against unforeseen events such as natural disasters, accidents, and other emergencies.
Legal Compliance: Insurance policies are designed to ensure that public administration organizations comply with local, state, and federal laws and regulations. This can help minimize the risk of lawsuits and other legal disputes, which can be costly and time-consuming.
Financial Protection: Insurance can help protect public administration organizations from financial losses due to unexpected events such as accidents, theft, and other incidents. This can help to maintain financial stability and ensure that essential services are not disrupted.
Employee Protection: Public administration organizations often employ large numbers of people, and these employees may be exposed to a range of risks and hazards. Insurance can provide protection against work-related accidents and illnesses, as well as provide benefits for injured or ill employees.
Reputation Protection: Public administration organizations play an important role in the community and have a responsibility to maintain the public's trust. Insurance can help protect the reputation of the organization by covering losses and liabilities that could damage its reputation.
What Type Of Insurance Do Public Administration Organizations Need?
In public administration, there are many requirements for public administration insurance coverage. To be comprehensively protected the policies you get have to include many coverage options. Here are some of the different insurance policies you can get for your business:
General Liability Insurance - If a third party is injured or suffers property damage while visiting your offices, then this is the insurance you should get. A common claim is "slip and fall". General liability insurance helps to protect you when things go wrong.
Legal defense fees and other court costs are covered once you have this public administration insurance.
Cyber Liability and Data Breach Insurance - Public admin. means you'll storing and using confidential information. As a result, you must ensure you have protection if a hacker or cyber criminal ever leaks this sensitive information. Getting top quality security is the best thing you can do, but even then there is still a chance the information you store can be hacked.
If the information is hacked, then it is critical to have cyber liability and data breach insurance coverage. This public administration insurance helps to protect you if the information you store ever gets into the wrong hands.
Commercial Property Insurance - Having business property insurance protects the property used for the operation of public administration offices. This public administration insurance protects the office furnishings and computer systems used in the different buildings.
If the property for your business is damaged or lost due to an event covered by the insurance, then this coverage helps with recovery of losses without suffering too much of financial loss.
Workers' Compensation - Workers comp in required by law in most states for any non owner employees. With workers compensation, an employee will get financial assistance if they are injured while working.
When an employee gets injured on the job and has to be taken to the hospital this insurance assists with the paying of any medical expenses that result because of the injury. If an employee dies because of the injuries they got on the job, then this insurance pays benefits to the surviving family.
Commercial Auto Insurance - Any vehicles used by the different public administration offices must be protected by commercial insurance while they are on the road. It's impossible to predict an accident which is why you need business auto insurance to protect the different vehicles used by the various offices.
When a vehicle used by your office gets into an accident or causes damage to a third party or their property you are protected when you have this insurance for your business.
Types Of Businesses In The Public Administration Industry
Here are some of the different companies that are a part of the public administration industry:
- Executive Offices
- Legislative Bodies
- Public Finance Activities
- Police Protection
- Legal Counsel and Prosecution
- Correctional Institutions
- Fire Protection
Also included are the administration of human resources programs. Some of these programs include:
- Administration of Public Health Programs
- Administration of Education Programs
- Administration of Human Resources Programs
These are just some of the different businesses included in the public administration industry that must have public administration insurance to protect them from different risks.
What Does Public Administration Insurance Cover & Pay For?
Public administrators can be sued for various reasons, as they are responsible for managing public resources, ensuring legal compliance, and making decisions that impact the lives of citizens. Some common reasons for lawsuits against public administrators include:
Negligence: Public administrators can be sued for failing to exercise reasonable care or competence in carrying out their duties. For example, if a public administrator fails to properly maintain public facilities, resulting in an injury to a citizen, they may be sued for negligence.
Insurance protection: Professional liability insurance, also known as errors and omissions insurance, can help cover the costs associated with defending against a negligence lawsuit, as well as any damages awarded if the public administrator is found liable.
Discrimination: Public administrators may be sued for engaging in discriminatory practices, such as hiring or promoting employees based on race, gender, age, or other protected characteristics.
Insurance protection: Employment practices liability insurance can help cover the costs of defending against discrimination lawsuits and any resulting settlements or damages.
Violation of civil rights: Public administrators may be sued for violating an individual's civil rights, such as unlawful arrest, excessive use of force, or invasion of privacy. Insurance protection: Law enforcement liability insurance can help cover the costs associated with defending against civil rights lawsuits and any damages awarded if the public administrator is found liable.
Breach of contract: Public administrators may be sued for failing to fulfill the terms of a contract, whether with a private vendor, another government agency, or an employee.
Insurance protection: Contractual liability insurance can help cover the costs of defending against a breach of contract lawsuit and any resulting settlements or damages.
Mismanagement of public funds: Public administrators may be sued for mishandling public funds, such as embezzlement, fraud, or failing to adhere to budgetary constraints.
Insurance protection: Fidelity bonds, also known as crime insurance, can help cover the costs of defending against lawsuits related to the mismanagement of public funds, as well as reimburse the public entity for any losses suffered as a result.
In all of these cases, insurance can help protect public administrators by providing financial assistance in the event of a lawsuit. It is important for public administrators to obtain appropriate insurance coverage based on their specific roles and responsibilities, as well as to regularly review and update their policies as needed.
Commercial Insurance And Business Industry Classification
Public administration is a broad industry. Below are the SIC codes for the major groups:
Major Group 91: Executive, Legislative, And General Government, Except Finance
- 9111 Executive Offices
- 9121 Legislative Bodies
- 9131 Executive and Legislative Offices Combined
- 9199 General Government, Not Elsewhere Classified
Major Group 92: Justice, Public Order, And Safety
- 9211 Courts
- 9221 Police Protection
- 9222 Legal Counsel and Prosecution
- 9223 Correctional Institutions
- 9224 Fire Protection
- 9229 Public Order and Safety, Not Elsewhere Classified
Major Group 93: Public Finance, Taxation, And Monetary Policy
- 9311 Public Finance, Taxation, and Monetary Policy
Major Group 94: Administration Of Human Resource Programs
- 9411 Administration of Educational Programs
- 9431 Administration of Public Health Programs
- 9441 Administration of Social, Human Resource and Income Maintenance Programs
- 9451 Administration of Veterans' Affairs, Except Health and Insurance
Major Group 95: Administration Of Environmental Quality And Housing Programs
- 9511 Air and Water Resource and Solid Waste Management
- 9512 Land, Mineral, Wildlife, and Forest Conservation
- 9531 Administration of Housing Programs
- 9532 Administration of Urban Planning and Community and Rural Development
Major Group 96: Administration Of Economic Programs
- 9611 Administration of General Economic Programs
- 9621 Regulation and Administration of Transportation Programs
- 9631 Regulation and Administration of Communications, Electric, Gas, and Other Utilities
- 9641 Regulation of Agricultural Marketing and Commodities
- 9651 Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors
- 9661 Space and Research and Technology
Major Group 97: National Security And International Affairs
- 9711 National Security
- 9721 International Affairs
Major Group 99: Nonclassifiable Establishments
- 9999 Nonclassifiable Establishments
Public Administration Insurance - The Bottom Line
Protection in the public administration just like any other business is important. The last thing you want happening is a lawsuit after someone gets injured while being on the property of a public administration office. Also, the vehicles used and employees in the different parts of this sector must have separate insurance policies to protect them.
Finding the best public administration insurance for a public administration office is about speaking with an experienced insurance agent.
Additional Resources For Non-Profit Insurance
Find useful articles on business insurance for non-profit 501(c)(3) organizations, charities and associations.
- Animal Shelter & Pet Rescue
- Classic & Collector Car Clubs
- Fraternal Organization
- Goodwill Insustries
- Labor Union
- Parent Teacher Organization
- Public Administration
- Red Cross Chapters
- Salvation Army
- Social Work Services
- Veterans Groups
- Volunteers of America
- Youth Groups
- Specialty Community Service Organizations
- Specialty Nonprofit Agencies
The non-profit industry is an essential sector of society that plays a crucial role in addressing social issues, providing vital services, and promoting community development. Non-profits rely on donations, grants, and volunteer work to fund their operations, and any financial loss or liability can significantly impact their ability to serve their mission.
Insurance can protect non-profits from unexpected financial losses, accidents, and legal liabilities that can arise from their operations. For example, a non-profit organization may need insurance to cover damages to their property, injuries to volunteers or employees, or legal costs associated with lawsuits.
Non-profits also face unique risks such as loss of donations, damage to reputation, and loss of funding. Business insurance can help mitigate these risks by providing coverage for financial losses, reputational damage, and other non-tangible losses.
In addition, non-profits often work with vulnerable populations, such as children, the elderly, or individuals with disabilities. Insurance can protect non-profits from liabilities arising from the care and services they provide to these populations.
Overall, commercial insurance is an essential component of risk management for non-profit organizations. It helps protect the organization's financial stability, reputation, and ability to fulfill its mission and serve its community.
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Computers, Valuable Papers and Records, General Liability, Directors and Officers Liability, Employee Benefits, Professional, Umbrella, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Fine Arts, Musical Instruments, Commercial Articles Floater, Computers, Cyber Liability, Employment-related Practices, Business Auto Liability and Physical Damage and Stop Gap Liability.