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
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
Provides benefits to injured children and their families for covered accidents
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.