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Insurance is used as protection of loss of income. Hence, it makes more sense to insure adults than children/students.
How to buy insurance for preschool teachers & students?
I admire your columns. I would like to ask if you have any ideas on the rules and regulations for opening a head-start/toddler school. Who/where can we get info on opening such a school? Is it advisable also to get insurance for such a business since it deals with small kids?
Andy Ong, 41 years old, bakery owner, married with two kids, Aurora Boulevard, San Juan
Answer
In line with your plans of opening a toddler school, we know that you would want the best for your future students and faculty members. Aside from their educational and moral development, the protection of their well-being would be topmost among your concerns.
We are pleased to announce the availability of our Students and Teachers Plan. This plan is designed to provide students and teachers the utmost protection from life’s contingencies.
The Students and Teachers Prototype Plan is designed to give them 24-hour medical coverage for a Life and Accidental Death and Dismemberment (AD&D) Rider and medical benefits for accidental injuries. All DECS-accredited private schools, colleges, and universities are qualified. To give an overview on the general provisions of the plan:
Eligibility
• All bona-fide students officially enrolled from 2 to 40 years old; coverage shall automatically terminate at age 41.
• Full-time teachers/faculty members and administrative staff with permanent status who are at least 18 to 59 years old; coverage shall automatically terminate at age 60 or upon resignation/retirement, whichever comes first. Participation
• 100 percent of the number of eligible students but not less than 50 students for schools and universities
• All eligible teachers/faculty members and administrative staff.
http://www.philstar.com/Article.aspx?articleId=640798&publicationSubCategoryId=82
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