NACC News & Blog

As students graduate and enter the workforce, understanding personal insurance needs is crucial. New graduates should consider health insurance if they are not covered by an employer plan, as well as renters’ insurance for personal property protection. For those working in high-risk fields or freelance capacities, professional liability insurance may also be necessary to protect against claims of negligence or inadequate work.

Internships are integral to career education, but they come with inherent risks. Managing these risks is crucial to ensure the safety of students and the reputation of your college. Begin by thoroughly vetting potential host organizations for compliance with safety and labor laws, and establish clear agreements outlining each party’s responsibilities. Provide pre-internship training on workplace safety, ethics, and professional conduct, and ensure students are aware of their rights and responsibilities.

Tuition insurance helps protect students and families from financial loss if a student must withdraw from a program due to illness, injury, or other covered reasons. For career colleges, offering tuition insurance can enhance the institution’s appeal by providing a safety net that reassures students and parents alike.

Disability insurance is crucial for college owners to protect against the financial impact of illness or injury that prevents them from working. This coverage provides a monthly income replacement, ensuring that personal finances and business expenses are covered during recovery. Without disability insurance, a prolonged absence due to health issues could jeopardize both the owner’s personal financial stability and the continued operation of the college.