Childcare insurance was created to protect your childcare business and the children that go there. Childcare insurance is required in almost every state in the U.S.; even if it's not required, this is something that should be considered to give your business the peace of mind that you are covered in the event of a disaster. Most, if not all, daycare centers need to have childcare liability insurance if they want to be a licensed by the Department of Health & Human Services.
There are requirements for childcare insurance, but in most cases, it will be based on the state your center is located. Some type of insurance will be required. Some may even state that the childcare insurance provider must notify parents if they don't have any insurance. For any questions or information, it's best to contact your State childcare- licensing agency.
Protect Your Business & Get Covered
Like with any kind of insurance, your coverage will depend on the policy that was purchased for your childcare. A lot of the policies will give you a general liability coverage that can protect your business if a claim is made due to injury. This coverage will also help pay to defend you if you're being sued.
Before you start looking around for the best policy, make a list of questions that you would want to ask an insurance agent. Here are some important questions that should asked prior to purchasing any policies:
Does the company have a dedicated crisis response team that you can call at any time to help get your business through any and all crisis situations?
Does the policy have a "hard-to-find" liability coverage- sexual abuse and childcare teachers- that will full protect your business?
Does the company have a policy that can provide advice to help make your childcare even safer for the kids?
Does the claims team have experience dealing with a lot of highly emotional claims that involves kids?
Is the company rated "A" or better by independent insurance analyst A.M. Best?
Don't get pressured into signing a policy that isn't the one you're looking for. You want the childcare insurance policy that fits your needs the best. It's easier to find a great policy when you know what you're looking for.
When Will My Childcare Coverage End?
Your childcare coverage will end when the policy expires or when you fail to pay your premiums.
Child Care Insurance Professionals offers cost effective, customer specific, risk management and loss protection for those in childcare, early education and private schools with professional one on one relationship to meet any childcare insurance needs.