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Child Care Center Insurance provided by [pods name="amplispot_custom_setting_page" id="43" field="name_of_the_company"] .
The daycare industry continues to grow these days as more and more families move to become two-income households. And whether it’s a modest in-home daycare or a mega-care center with a bunch of rooms, it needs to be protected. Especially when it involves something as big as other people’s little one’s. Let’s talk about risks and what kind of protection your daycare will need.
What Is Daycare Insurance?
Daycare insurance is a specific type of business insurance that was designed to meet the unique needs of childcare businesses. It provides business owners with much-needed daycare liability insurance coverage as well as business property coverage.
Many policies come with a set of coverage options that allow business owners to build an insurance policy that caters specifically to their daycare’s unique needs.
Who Needs Daycare Insurance?
Whether you operate your daycare business out of your home or a location far from it, you’ll really want to think long and hard about getting daycare insurance. In many cases, in fact, coverage is required.
Do not expect that your home policy will cover you for bodily injury or property damage stemming from your home business.
What are the different coverages you should consider under Day Care Insurance
We live in a quick-to-sue society. There are many instances that may arise where your daycare business may face a liability lawsuit. Even if the charges are dropped, the ensuing legal defense fees can be quite expensive.
These are some of the coverages you must consider, do talk to us to know more
Type of Insurance | What it Covers |
General Liability Insurance | Third-party claims for bodily injury, property damage, and reputational harm |
Property Insurance | Business assets such as building, equipment, and supplies |
Professional Liability Insurance | Claims arising from your mistakes, omissions, or negligence while performing your work |
Abuse and Molestation Coverage | Losses arising from an employee abusing a child under your care |
Commercial Auto Insurance | Injuries, damages, and lawsuits arising from accidents involving vehicles your business uses |
Workers’ Compensation Insurance | Medical bills and wage replacement for employees who suffer work-related injuries |
Accident Insurance | Provides benefits to injured children and their families for covered accidents |
Umbrella Insurance | Claims that exceed limits on underlying liability policies |
Every childcare business, whether it’s an in-home daycare or a commercial daycare center, needs at least some business insurance. Even if you don’t own the building or have valuable business assets to cover, your work with children creates potential liabilities. It’s crucial to protect your business if claims arise.
Daycare insurance is a specialized and confusing niche. Thankfully, you don’t have to go it alone. We will walk you through a hand-picked selection of options, contact us today to know more.