Daycare Insurance: Essential For Your Daycare Business

2007-03-08 10:33:40

( Health )



The moment a child enters your daycare facility, you become in charge of ensuring the safety and welfare of each child. Similar to a health care insurance, a daycare insurance policy is essential, so that your daycare business is covered for any medical treatments that may be required for injuries that occur within your premises. Daycare insurance can also provide you financial and legal assistance in the event these injuries result in a lawsuit.

A comprehensive daycare insurance policy is comprised of certain liability and property coverages that can also protect you from any food or beverages that you may serve within your facility, any property damages or building collapse that occur, breakdowns in the center’s equipment and any loss of income. Daycare insurance coverage can also include the payment of service fees to the fire department and any expenses relating to pollution disposal and control.

Aside from protecting the children, a comprehensive daycare insurance policy can also cover the daycare center’s employees and volunteers; however, the maximum number of individuals covered will only be in proportion to the number that you have reported when you obtained your business license.

If you plan to operate a daycare center from your home, it may be possible to obtain an endorsement, so that a supplemental rider can be included in homeowner or renter’s insurance policy. Having a homeowner or renter’s insurance policy alone will not be sufficient to cover for any damages that occur in your daycare center. You are responsible to report any form of daycare operations to your insurance company, no matter how small or informal the operations are. Failure to do so can cause your homeowner or renter’s insurance to be cancelled.

Make sure that before you purchase daycare insurance that you know the minimum required amounts, so that you can ensure that you comply with the state laws.


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