2017-2018 CharterSAFE Insurance Program

COVERAGES

LIMITS (Per member
unless specified otherwise)

DEDUCTIBLES

Director's and Officer's Liability

$30 Million per claim and aggregate

$5,000 per claim

Employment Practices Liability

$30 Million per claim and aggregate

Varies per member

Fiduciary Liability

$1 Million per claim and aggregate

$0

Workers' Compensation and
Employers Liability

Statutory
$5 Million per claim and aggregate

$0

General Liability Including:

  • Sexual Abuse Liability
  • Employee Benefits Liability
  • Educator's Legal Liability
  • IEP Defense Cost
  • Excess Liability*

$30 Million per claim and aggregate

$50,000 Sublimit per occurrence and aggregate for Individualized Education Plan (IEP) Defense Cost

$500 per occurrence for High Risk Activities; applies to General Liability

$2,500 per occurrence for Educator's Legal Liability

$7,500 per occurrence for IEP Defense Cost

Auto Liability and
Physical Damage

$30 Million per occurrence and aggregate for Auto Liability
$1 Million per occurrence for Auto Physical Damage

$500 per occurrence for
Hired Auto Physical Damage

Crime/Employee Dishonesty

$1 Million per occurrence

$500 per occurrence

Property

Replacement Cost of scheduled Total Insured Value (Including Building Values, Content Values, and Electronic Data Processing) provided by Member

Notable property sublimits include but are not limited to:

  • $150 Million: Boiler and Machinery
  • $10 Million: Builder's Risk, as scheduled with CharterSAFE
  • $10 Million: Extra Expense
  • $10 Million: Business Interruption

 

$1,000 per occurrence

Pollution Liability and
First Party Remediation

$1 Million per pollution condition/$5 Million aggregate
Limits are for all CharterSAFE members combined.

$10,000 per occurrence

Student and Volunteer Accident**

$50,000 per incident for student accident
$25,000 per incident for volunteer accident

$500 per incident for
High Risk Activities

Terrorism Liability

$5 Million per event and aggregate
Limits are for all CharterSAFE members combined.

$0

Terrorism Property

$20 Million per occurrence

$1,000 per occurrence

Cyber Liability

$1 Million per claim/$5 Million aggregate
Limits are for all CharterSAFE members combined.

$2,500 per claim

*Additional excess liability limits up to $55 Million is available for purchase at our pre-negotiated, cost-effective rate.

**Additional limits up to $7.5 Million is available for purchase at our pre-negotiated, cost-effective rate.

Disclaimer: All coverages are subject to terms, conditions, exclusions and exceptions stated in the Memorandum of Coverage (MOC) and/or applicable policy(ies).