Excess Accident Insurance for PTOs

Parent-teacher organizations (PTOs) are responsible for many activities that promote the school. These events often include fundraisers, athletic competitions or other gatherings which present various risks. Excess accident insurance can be an essential component of a PTO’s insurance portfolio to help provide coverage for injuries that may occur at these functions.  

The experienced professionals at Bene-Marc, Inc. can help your organization get the insurance that best addresses your exposures. Contact us for more information. 

What Is Excess Accident Insurance? 
Excess accident insurance may help cover a participant’s medical expenses if they suffer an injury at a PTO’s covered event. This type of insurance is typically written on an excess basis, which means that it can help pay for medical bills if the injured party’s personal health insurance doesn’t cover all of the expenses. For example, if the individual’s personal health plan requires the payment of coinsurance or deductibles, excess accident insurance can provide financial assistance for those remaining costs. Additionally, if the injured party does not have personal health insurance, accident insurance may serve as primary insurance. Make sure to discuss coverages, deductibles and limits with your agent as accident insurance plans vary. 

Does Our PTO Need Excess Accident Insurance? 
PTOs should consider securing excess accident insurance because it can provide essential coverage during your functions. Additionally, having an excess accident policy may supplement the coverages provided by your PTO’s other policies.  

Excess accident insurance may also reduce the likelihood of litigation following an incident since the injured party’s out-of-pocket medical expenses may be reduced or eliminated by this coverage. 

Does Our PTO Need Other Insurance Policies? 
Parent-teacher organizations should consider building a comprehensive insurance plan to cover their exposures. Although these organizations work closely with schools, the school’s insurance policies typically do not cover them. Several types of policies may provide needed coverage in addition to excess accident insurance, including: 

• Liability insurance
• Property insurance
• Directors and officers (D&O) insurance
• Commercial Crime insurance 

Other policies and endorsements may be available. Reach out to us for more information. 

Contact Us 
The team at Bene-Marc is ready to assist your organization with its insurance needs. We can help you review your risks and design an insurance plan that meets your needs. Our agents strive to provide all of our clients with specialized and dedicated services. Call today at 800-247-1734 or complete our contact form for additional information. 

 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.