For many lower-risk organizations, SAM coverage may cost anywhere from a few hundred dollars to a few thousand dollars per year. Higher-risk operations, such as residential programs, foster care, group homes, programs with extensive one-on-one contact, or organizations needing higher limits, can expect significantly higher premiums.
Here are a few pricing examples:
Dance Studio Package with $1M/$2M GL, $1M/$1M Professional, $1M/$1M SAM – $90-$120 per month
Dance Studio Package with $1M/$2M GL, $1M/$2M Professional, $1M/$2M SAM – $130-$200 per month
IDD Services Package with $1M/$2M GL, $1M/$2M Professional, $1M/$2M SAM – $150-$220 per month
Physical Therapy SAM $1M/$1M – from $4,500/year; $2M/$2M from $5,500/year
Speech Therapy Package with $1M/$2M GL, $1M/$2M Professional, $1M/$2M SAM – $120-$160 per month
Non-Contact Sports Instruction Package (tennis, soccer, volleyball, track & field, etc) with $1M/$2M GL, $1M/$2M Professional, $1M/$2M SAM – $120-$160 per month
Contact Sports SAM $1M/$1M – from $4,500/year; $2M/$2M from $5,500/year
Special Event SAM Package $1M/$1M GL and $1M/$1M SAM starts from $500 per special event,
Insurance carriers also review risk management practices closely. Organizations with written abuse prevention policies, regular staff training, background checks, clear reporting procedures, and strong supervision practices may qualify for better pricing and broader coverage options.
Because every organization is different, the best way to determine the actual cost is to request a customized quote. We are experienced insurance brokers and we can help review your operations, identify the right coverage, and compare options from available carriers.
Sexual Abuse & Molestation insurance, often called SAM insurance, helps protect organizations from claims involving abuse, molestation, or misconduct by employees, volunteers, contractors, or other covered individuals (like third party on a third party, i.e. the volurable population you are responsible for molested each other, while in your care, custody or control).
This coverage is commonly purchased by schools, camps, youth programs, therapists, group homes, nonprofits, childcare providers, and other organizations working with children, seniors, or vulnerable individuals.
The cost of SAM insurance depends on several factors, including:
• Type of organization and services provided: For example organized trips or overnight exposure is always a red flag requires additional underwriter’s review and approval and often results in higher premium.
• Number of children or vulnerable individuals served: certain industries, like performing arts (e.g. dance studios) are rated by the number and age of kids – the more kids or students you serve – the more you pay for SAM insurance
• Staff and volunteer count: same as above, certain industries, like afterschool or other educational programs are rated by the number of staff members.
• Level of one-on-one interaction: certain one-on-one scenarious are contemplated, but in order to qualify for a most competitive pricing your business must demonstrate the controls in place you have to lower the risk. For example: security cameras, open door / window policy, formal SAM incedent policies and reporting / investigation protocols.
• Background check procedures: this is a must have for any person or organization that is looking to acquire a SAM insurance
• Abuse prevention policies and training: another must have. Contact us if you need help getting a sample and we will work with you.
• Supervision protocols
• Prior claims history
• Coverage limits requested: this one also could be a tough thing. While lower limits or sublimits of up to $300K is quite easy to get and afford, we’re now seeing the requirements for $2M/$4M SAM coverage and higher. While these limits can be provided, the cost will definately be higher.
Request your SAM insurance quote today: