Affiliated FM’s all risk education policy is written specifically to meet the unique property coverage needs of education institutions. Using the proVision all risk policy as its platform, the new policy features additional education- specific coverage extensions, business interruption (BI) and extra expense coverage, and expanded, flexible limits.

	Related Links
	Education All Risk Form Education Slip Sheet
	Education BI Gross Profits Education BI Gross Earnings

Customized Education Coverage

• Research and Development: Covers the loss of animals, project prototypes and other project materials. The form also provides coverage for redoing
  testing, research and experiments to get the project back on track, as well continuing fixed project charges and expenses.
• Library books/rare books/periodicals: Covers the repair or replacement of books plus the cost of re-shelving and processing (including costs for data entry and inventory management). Also includes replacement of pairs and sets.
• Personal Property of Teachers and Students: Covers the personal property of registered students and teachers up to $10,000 per student/teacher.

Tuition and Fees: Business Interruption/ Extra Expense

One of the cornerstones of the education policy is our unique tuitions and fees coverage in the education business interruption/ extra expense form. This unique coverage offers a period of indemnity that extends coverage, not only through the current term, but potentially up to an entire year after the property damage/loss has been repaired or replaced. This gives the educational client ample time to recover from the loss and get their student body back to pre-loss levels.

• Loss of rents
• Expense to reduce loss
• Expediting expenses
• Ordinary payroll
• Research and development
• Emergency vacating expenses
• Contingent business interruption for contract services and suppliers or lost income generated from royalty, licensing fees or commission agreements

Flexible Extra Expense Limit

The extra expense limit is based on 15 percent of the total reported tuition and fees values along with standard BI values—as a client’s business grows and these values increase, Affiliated FM’s extra expense limit increases to keep pace.