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Our Coverages
Unlike a typical commercial insurance policy, the Pool’s policy is specifically tailored to school districts and provides coverage unique to their needs. The policy consists of six sections which are briefly described below. Training and further explanation is available regarding any and all sections of the policy.
Common Policy
Details the conditions that govern the entire policy to include duties of the nsured, cancellation terms, policy exclusions and definitions of terms.Property
Details the property coverage limits and deductibles, duties of the insured, an explanation of loss adjustment, exclusions, property and vehicle schedules, damage to non-owned property, flood coverage, auto physical damage coverage and definitions. This form is a Special Causes of Loss form and includes a Builder’s Risk limit.Equipment Breakdown
Details limits of coverage, covered causes of loss, duties of the insured, perishable goods coverage, exclusions and definitions.Crime
Details limits of coverage for each employee and public official as well as coverage limits for forgery, computer fraud and theft of money. Also includes exclusions and definitions. Minimum coverages comply with statewide standards and are often used in lieu of bonding amongst our Members.School Entity Liability
This form combines general liability, errors and omissions and employment practices liability. The section details who is insured, limit of coverage, defense limits, medical payments, exclusions and definitions.Auto Liability
Details who is insured, coverage limits, medical payments, hired and non-owned coverage, fleet automatic coverage, defense limits, exclusions and definitions.School Crisis Act
This new coverage expansion has been added to the pool package at no charge to our Members. The coverage was developed following the Platte Canyon School District incident in which we received a grant through General Reinsurance Corporation, a reinsurer on the Pool’s coverage. Through this grant we were able to provide reimbursement for a number of expenses incurred that were not covered under an insurance claim. CSDSIP crafted a School Crisis Act Coverage which allows Members to have certain non-claim related expenses covered in the event of a defined act such as attorney fees for the Member and board counsel after the event, media specialist to assist the Member during the aftermath of a crisis, additional labor costs for administrative functions, etc.
If you have any questions concerning our coverages, please contact us and we will be happy to discuss this exciting new coverage enhancement.