What Is Student Accident Insurance?

A student accident insurance policy is offered to schools and other organizations that administer and monitor youth activities. Coverage under these policies can include a variety of common injuries suffered on the premises of the policyholder.

Features

Student accident insurance plans are designed to protect schools and other institutions from financial loss due to legal action and direct medical costs incurred as a result of accidental injury.

Advantages

Besides reducing potential financial burdens, schools and organizations carrying student accident insurance policies benefit from the ability to offer coverage to families who may be underinsured, and from the reduction of administrative costs related to litigation.

Disadvantages

The costs of these insurance policies are usually passed on to parents, either in the form of higher tuition in private organizations or additional school fees in public schools.

Common Claims

According to studentaccident.net, the most common claims submitted under student accident policies are for trips and falls, fighting and horseplay and sports-related injuries. The most severe injury claims usually result from sports participation.

Considerations

Although some schools may see these policies as an extra expense, it may be possible to obtain a reduction in premium for general liability policies as a result of holding student accident insurance. This can serve to partly absorb the extra cost, and can make the new policy more justifiable to budget committees and parents.

By David Ingram

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