My Business Liability - Tuition

A civil liability insurance plan for private tuition schools and private schools offered by Piraeus Financial Holdings in partnership with ERGO Insurance Company. Protect yourself and members you add to the policy when you are responsible for unforeseeable events at your tuition school or private school facilities or have a legal or moral obligation to pay compensation for losses sustained there.
WHAT IT COVERS
  • Bodily injury, death or material damage to third parties from unforeseeable events at your private tuition school or private school facilities, that are due to your own acts or omissions and the acts or omissions of your employees
DURATION
1 year
With an option to renew
PREMIUM PER YEAR
From
63€
OTHER FEATURES
  • Choice of type of coverage and insured amount
  • Interest-free premium instalments
WHAT IT COVERS
  • Bodily injury, death or material damage to third parties from unforeseeable events at your private tuition school or private school facilities, that are due to your own acts or omissions and the acts or omissions of your employees
DURATION
1 year
With an option to renew
PREMIUM PER YEAR
From
63€
OTHER FEATURES
  • Choice of type of coverage and insured amount
  • Interest-free premium instalments

How you benefit

Comprehensive civil liability insurance

My Business Liability - Tuition offers comprehensive coverage against loss and damage to third parties that occur at your school’s premises and are due to your own acts or omissions. Students, visitors, parents and guardians are regarded as a third party


Insurance tailored to your needs

Build an insurance plan that suits you, depending on the type of coverage you want and the amount of compensation you might need for: bodily injury, death, material damage, moral harm, mental anguish and other additional forms of coverage.

Add other members to your insurance plan such as school employees, if necessary.


Low premiums and discounts

My Business Liability - Tuition is extremely affordable. Use any Piraeus Bank credit card to pay your premiums in up to 12 interest-free monthly instalments.


Contracts issued immediately

It takes no time to get from insurance quote to having the contract issued and paid for. Then simply pick up your policy at the branch of Piraeus Bank that suits you.

Coverage

Basic coverage

My Business Liability - Tuition offers you coverage for at-fault damage and injuries caused to third parties associated with the use, ownership and operation of your school’s facilities and premises. These include:

  • Bodily injuries
  • Death
  • Property damages
  • Moral harm
  • Mental anguish


Extended coverage

Depending on the plan you choose, My Business Liability - Tuition can offer you coverage for extra damage or injuries caused by unforeseeable incidents, such as:

  • Damages to third-party personal items proven to be the outcome of your own or your employees' omissions. Mobile phones, valuables and money are not included
  • Accidents from the use of lifts, only if the lifts are regularly maintained by specialised personnel
  • Liability as a result of the fall of luminous signs and boards attached to your building's facade, provided you are deemed liable for the fall
  • Liability as a result of fire, explosion and short-circuit
  • Accidents while performing maintenance or repairs to the building premises. Applies for a project budget up to €10,000

Compensation

Choice of type of coverage and insured amount

My Business Liability - Tuition comes in 2 versions. The compensation in each plan depends on the coverage you choose, in line with the general and special terms of your contract. These include:


Coverage Simple Advanced
Death / Bodily injuries per person
  
20.000€
  
60.000€
Death / Bodily injuries per group
  
30.000€
  
120.000€
Property damages
  
50.000€
  
30.000€
Highest liability payout annually
  
50.000€
  
240.000€
Deductibles
  
100€
  
100€




Example of premiums payable


Private Tuition School with 100 students Simple Advanced
Total annual premiums
63€
81€



Private School with 140 students Simple Advanced
Total annual premiums
89€
112€


An extra 20% on premiums applies for over 150 students.

Deductibles

When your insurance plan does not cover you


My Business Liability - Tuition does not offer coverage in the following cases:

  • Civil liability from rendered medical services
  • Damage by broken glass and overflow
  • Damage due to you not complying with your contractual obligations
  • Your own professional liability as well as that of additional members, including professional liability of physicians, nurses, physiotherapists and trainers
  • Infections due to AIDS, hepatitis and any kind of infectious diseases
  • Product liability (e.g. defective toys or toys which do not comply with legal specifications)
  • Civil liability from unequal treatment due to race, religion, age, nationality or handicap, and sexual harassment or sexual abuse, real or alleged, forcefully performed or not
  • Damage to exhibits in museums or archaeological sites the students might be visiting for educational reasons

Conditions

Safety measures to prevent accidents

My Business Liability - Tuition offers you coverage only if you take the necessary precautionary measures to prevent accidents or damage, and you abide by the laws and regulations on public and personnel safety.


Fire extinguishing and fire safety measures

My Business Liability - Tuition offers coverage only if you have taken all the legal fire extinguishing and fire safety measures at your business premises.


Coverage in case of fire

If you already have fire insurance, Civil Liability coverage against third parties due to fire applies in excess of the limits and coverage in your fire insurance policy. This means that it covers you only for the incidents not covered by your other fire insurance policy.

For damage caused to the building you rent due to your own fault, the building owners are not considered a third party.

Piraeus Financial Holdings SA, as an insurance intermediary, carries out the activity of distribution of insurance products, in the name and on behalf of the insurance companies with which it maintains cooperation.