Insurance Canopy has announced the introduction of a new misconduct liability insurance option, specifically designed to safeguard educators, life coaches, tutors, and instructors against allegations of sexual misconduct. This coverage, known as SAM/SML, is a response to the growing need among professionals in high-trust environments where misunderstandings can lead to serious legal consequences. Most general and professional liability policies currently exclude claims related to sexual misconduct, leaving many professionals vulnerable.
The SAM coverage is tailored to cover legal defense costs, attorney fees, and settlement expenses in the event of a covered claim. With monthly premiums starting at $10.33 for educators earning $50,000 or less annually, this insurance aims to be accessible to those who need it most. Daryle Stafford, President and CEO of Insurance Canopy, emphasized the company's commitment to empowering professionals by offering protection against unforeseen risks that could jeopardize their careers and financial stability.
Examples of scenarios where SAM coverage could be crucial include a student misinterpreting a physical instruction from a music or art teacher, a client perceiving a supportive gesture from a coach as inappropriate, or parents taking legal action over online communication between a tutor and their child. While not legally required, SAM coverage is highly recommended for independent contractors, coaches, private instructors, and educational business owners to prevent potential lawsuits and financial ruin from unproven allegations.
It's important to note that the coverage does not extend to known prior incidents, uninsurable acts, or employment-related practices. Insurance Canopy advises potential policyholders to carefully review the terms and consult with a legal professional to determine the appropriate level of coverage for their needs. For more information or to apply for SAM coverage, visit https://www.insurancecanopy.com.
