School and IMC Liability Insurance
We all know Education Bureau has provided Incorporated Management Committee Liability Insurance Policy (IMCLIP) to protect the IMCs and their managers on top of the legal protection conferred by the Education Ordinance against financial losses as a result of claims arising from their wrongful acts in school management.
However, IMCLIP does not cover the liability resulting directly from the day to day operation of the school. For example, the principle of the school, while being covered under the capacity as a director of the IMC, they will not be covered if they became liable in case of wrongful dismissal. Parents can sue the school and the teacher for failure to supervise, and so on. Liability like this can only be covered by a stand-alone School Liability Insurance.
School liability insurance also protects board members’ individual assets from litigation and it will extend coverage to protect board members, students, teachers and employees from wrongful termination, discrimination and sexual harassment.