Experience beyond comparison, our K–12 plans cater to the diverse needs of private and public schools nationwide. Here’s how we excel:
Coverage Flexibility:
Tailor plans to your school’s unique needs with options like excess or primary, mandatory or voluntary coverage.
From after-school camps to interscholastic sports, we’ve got it covered.
Cutting-Edge Technology:
Embrace today’s active lifestyles with our online capabilities. Benefit from convenient online enrollment, payment options, EOB download, claims lookup, and customized reporting for seamless administrative support.
Prevention, Safety, and Cost Containment:
Beyond insurance, we lead in social advocacy. Our innovative campaigns prioritize prevention and safety in various school activities.
With a flexible PPO network, in-house claims, and customer service, we ensure cost control without compromising care.
In times of accidents on school premises or during supervised activities, potential liabilities and hardships may arise. That’s where we step in.
AIG Accident and Health collaborates with brokers and clients to create K–12 risk management programs, providing financial protection and upholding schools’ commitment to student well-being.
Educational institutions enrich our children’s lives with diverse opportunities. However, accidents can disrupt these activities.
According to the American Academy of Pediatrics, over 3.5 million children annually suffer injuries during sports or recreational activities.
Why Choose AIG?
- Single-Source Solution: Offering the industry’s most extensive range of products and services, we empower clients to build comprehensive programs, covering accident, general liability, and student health risk management.
- Deep Expertise: With over 60 years in the K–12 market, we are the largest national writer of K–12 student accident insurance. Our expertise instills confidence in clients to manage any risk effectively.
- Financial Strength: As a global insurance organization with substantial revenue and a significant claims payout track record, we are the preferred carrier for over 88 million customers worldwide.
K–12 Student Accident Insurance: Reliable Coverage
- Medical Expense Coverage:
- School-sponsored and supervised activities, including sports.
- Interscholastic and intramural sports, non-sport extracurricular activities.
- One day non-athletic field trip coverage included.
- Up to $1,000,000 benefit maximum.
- Accidental death
- dismemberment
- Voluntary Catastrophic Accident Coverage:
- Complements school-sponsored plans.
- Designed for serious school-related injuries.
- Up to $500,000 maximum benefit.
- Catastrophic cash benefit, extended dental benefit.
- Primary coverage.
Insurance Coverage for K-12 Schools—Student Accidents
Student Accident coverage provides insurance for covered injuries during school hours, days in session, and while participating in school-sponsored activities on or off school premises.
The coverage extends to various activities, including.
- Interscholastic Sports
- One Day Field Trips
- Religious Activities
- Travel directly to and from regular scheduled activities with other group members
- Overnight Field Trips.
Key features of Student Accident plans include:
- Typical limits of $25,000 per accident claim, satisfying the AHSAA Catastrophic $10,000 deductible.
- Flexibility to cover all students and athletes or exclusively athletes.
- Inclusion of coverage for Concussions.
- Adjustable Schedule of Benefits based on the specific needs of schools.
- Simple quoting process and easy implementation of coverage.
Importance of Student Accident plans:
- Provides protection for uninsured/underinsured students and student athletes.
- Covers deductibles and co-payments in major medical plans, preventing out-of-pocket expenses for claimants.
- Enhances positive public relations for schools.
- Helps in preventing simple or serious injuries from escalating into contentious liability claims.
- Assists in limiting a school’s liability exposure.
Important Notice:
This brochure is designed to highlight insurance features and does not encompass all coverage details.
Catastrophic Accident Medical Benefits:
- Total Maximum for all Accident Medical Expense Benefits: $5,000,000
- First Covered Expenses must be incurred within 180 days after the Covered Accident
- Benefit Period: Lifetime of the Covered Person
- Deductible: $10,000 (applies to each Covered Accident)
- Covered Person may use Covered Expenses paid under another Health Care Plan to satisfy the Deductible under this Policy.
- Deductible must be Satisfied within 730 days from the date of the Covered Accident
Covered Expenses and Benefit Percentages:
- In-Patient Hospital Services, Ambulatory Medical or Surgical Center: 100%
- Outpatient CT Scans & MRIs, Out Patient Physical Therapy: 100% up to $100,000
- Prosthetic Devices, Dental Services, Prescription Drugs: 100%
- Home Health Care: 100% up to $500
- Extended Care Facility: 100% up to $1,000 per day
- Mental and Nervous Disorders Hospital Expenses: 100% up to $50 per day
- Adjustment Expense Benefit: Lifetime Benefit Limit $30,000
- Ancillary Injury Benefit: Benefit Deductible $2,000 per calendar year, Combined Maximum $100,000
Other Benefits:
- Assimilation Expense Benefit: Benefit Limit $50,000, Benefit Percentage 100%
- College Education Expense Benefit: Benefit Limit $100,000, Benefit Percentage 100%, Benefit Period 15 years
- Post-Incident Crisis Counseling Services Benefit: Benefit Limit for Bereavement Counseling $10,000 per incident, Bereavement Counseling Benefit $200 per session
- Special Expense Benefit: Benefit Amount for the first 5 years $125,000, Benefit Amount for each 5 Year period thereafter $50,000 subject to a lifetime maximum of $125,000
Closing Liability Gaps in K-12 School Student Accident Coverage
Abuse and Molestation Coverage Expansion
As of August 30, 2022, our commitment to coverage intensifies. Explore the link, answer two questions, and obtain your precise premium indication:
The Urgency of Student Accident Coverage in K-12 Schools
Alarming Sports-Related Injuries in Children
With over 1.35 million children requiring emergency room treatment for sports-related injuries, costing an estimated $935 million annually, student accident coverage emerges as a crucial tool to alleviate substantial “out-of-pocket” losses.
Comprehensive Solutions for K-12 Schools
Addressing Frequent and Severe Accidents
In K-12 schools, accidents are not only frequent but sometimes severe. In today’s evolving health insurance landscape, the rise in out-of-pocket medical expenses poses financial challenges for families and places schools at risk of contentious liability claims.
Tailored Coverage for Diverse Incidents
Student Accident and Catastrophic Medical Plans
We offer a unified solution with Student Accident coverage for everyday injuries and Catastrophic Medical coverage for severe sports-related injuries, all provided by the same carrier.
This comprehensive approach minimizes parents’ out-of-pocket medical expenses, covering incidents from Science Class to Recess, Phys Ed to Football, Cheerleading to Chess Club.
Competitive Rates for School Years
2015-16 School Year Rates and Contact Information
Competitive rates for the 2015-16 school year are available now. For additional information, contact Dmitriy Glazer.
Detailed Coverages for Student Accident Plans
Coverage Features and Options
To obtain a quote for Student Accident Medical and/or Catastrophic Accident Medical insurance, complete the application (PDF). Coverages include:
$1,000,000 and $5,000,000 Medical Maximums Allocated Benefit Plans Various Deductible Options Lifetime and Other Term Benefit Periods
Accidental Death & Dismemberment (Heart & Circulatory Coverage is also Available) Permanent Total Disability Benefit Family Expense Benefit Written as Excess to Other Valid and Collectible Insurance
This program provides comprehensive coverage for all registered students, from pre-school to senior high schools, with boarding school students covered on a 24-hour basis.
Extensive Availability of Accident Medical Only Plans
Coverage for All School-Sponsored Activities
Accident Medical Only plans are available to public and private schools on a mandatory or voluntary basis.
These plans cover students during all school-sponsored and supervised activities on or off school premises, including interscholastic athletics like tackle football.
Coverage extends to tryouts, preseason play, practice, regular and post-season play.
The School Critical Protection & Recovery (CPR) Insurance Program
Preparing for Unforeseen Events
Designed to protect students under the care of school staff, the School Critical Protection & Recovery (CPR) Insurance Program is essential for schools facing events beyond their control.
SMIC’s Holistic Approach to School Protection
Comprehensive Protection for Critical Situations
School CPR, provided by Special Markets Insurance Consultants (SMIC), offers a team of professionals ready to respond swiftly in critical situations. The program includes:
Student Accident Insurance Data Breach Response Deadly Weapon Protection Sexual Misconduct Liability Foreign Travel Evacuation Crisis Management
Comprehensive Coverage for Peace of Mind
Relieving Financial and Emotional Impact
School CPR provides a comprehensive package to address critical protection needs, allowing administrators to focus on the development and education of children.
SMIC alleviates the financial and emotional impact associated with critical situations faced by schools today.
Also read: Does Health Insurance Cover Car Accidents In Florida?
Accessing the School Critical Protection & Recovery (CPR) Insurance Program
Coverage Details and Availability
Access the School Critical Protection & Recovery (CPR) Insurance Program (PDF) for detailed coverage information.
Coverage is available nationwide, including state-specific definitions, limitations, and exclusions.
Note:
The information provided above is a brief description of coverage, inclusions, exclusions, and conditions. A complete sample policy is available upon request.