Managing insurance costs is crucial for career colleges looking to balance quality coverage with budget constraints. To reduce premiums, consider implementing risk management strategies, such as enhancing campus security, conducting regular safety audits, and providing employee training programs. Higher deductibles can also lower premiums, though they require careful consideration of your college’s cash flow and risk tolerance. Bundling multiple insurance policies with a single provider may result in discounts, while regular policy reviews can help identify outdated or redundant coverage. Additionally, maintaining a good claims history by promptly addressing risks and minimizing claims can keep premiums low. Having a policy audit is a great way to explore customized options and discounts. By taking proactive steps, your college can manage insurance costs effectively while maintaining comprehensive coverage.

NACC has partnered with HUB Insurance to provide a one-stop shop for Commercial Insurance, Employee and Student Benefits, Group Retirement, Surety, and Personal Insurance.  To discuss your college’s unique needs, please complete the form found here: HUB Inquiry Form