Schools and educational institutions face a variety of unique risks that require specialized insurance protection. From students participating in sports to the inherent dangers of running chemistry classes and taking students on field trips, there’s a lot that educational institutions, including private and charter schools, need to manage and protect. And that’s in addition to the typical issues most businesses prepare for like property damage or loss of critical files and records. Smaller educational institutions, including private and charter schools, will need a Business Owner’s Policy (BOP). Why? Because it protects your school and the business of running it, in much the same way a homeowner’s insurance policy protects your home and personal possessions. This explanation of insurance benefits is provided by Insurance Marketplace.