“Having a complete understanding of the cause of claims within any insured environment is a crucial step in predicting future expected losses."
Dublin, OH (PRWEB) August 31, 2015
According to a new Safeware loss study, more than 60 percent of accidental damage events for student issued laptops and tablets in the K-12 environment are due to the device being dropped or falling.
The loss study examined data from over 30,000 claims to identify trends and common types of damage to these highly mobile devices. In many cases, claim events that resulted in a total loss were as simple as being knocked off of a student’s desk or falling to the ground after a classmate tripped over the power cord. Taking a tumble down a flight of stairs was also a common occurrence. There were however, examples of more extreme circumstances such as devices left on top of the car as the parent drove away sending the device crashing to the pavement.
Safeware’s President Bryan Schutjer explains that “Having a complete understanding of the cause of claims within any insured environment is a crucial step in predicting future expected losses. This is something we take seriously at Safeware, and aren’t hesitant to spend time and resources developing.”
Not only does the loss study help to identify trends in claim causes, but the information also assists Safeware’s K-12 partners by providing them with the data and tools to manage risk in the classroom. To help schools protect their investment, Safeware provides K-12 schools and school districts with a variety of protection plan solutions. As a fully licensed Insurance Agency and Third Party Administrator the programs can encompass both warranty and insurance coverage to fit the school’s specific needs. The warranty programs extend the original manufacturer’s warranty while providing accidental damage coverage. Insurance programs can cover theft, accidental damage and standard perils including flood, fire and vandalism.
Founded in 1982, Safeware is a fully licensed Insurance Agency as well as a Third Party Administrator for Extended Warranty and Service Plan Solutions. This unique combination gives partners the flexibility to customize a program that meets their distinct needs, and allows their customers to own their products with confidence.
By offering unique and customizable options and best-in-class customer support, Safeware has emerged as one of the Nation's leading providers of protection solutions for consumer products.