For those thinking about owning their own daycare facility will need to get daycare insurance before opening their doors. Having daycare insurance will cover physical injury of children on your daycare premises and for property damage. Licenses facilities and unlicensed have different types of daycare policies.
A business policy with the required coverage for you daycare facility is required in order to operate a licensed daycare. There are three types of liability policy on your daycare insurance.
1. Homeowner insurance or renter insurance: This will allow you to have the type of protection provided by the insurance policy coverage on children within your daycare premises. However, no child abuse coverage is on this policy.
2. General liability: General liability insurance policy will cover fieldtrips and child abuse at no extra cost. This type of protection is provided by the insurance policy on children within daycare facility or premises.
3. Professional liability/error & omissions insurance: This insurance gives you the maximum coverage within the daycare insurance policy. They also include insurance for negligence in your childcare. Other items covered under this policy includes: Personal injury, accident on premises (swimming pool), field trips, child abuse, transportation for the children (cars, buses), medical expenses due to accident, accidental death on premises.
Prior to starting your own daycare business, it's important to know all the information about starting a business. It's easy to go online and search the web for tips and guidelines that will guide you with your business. Get as much information as possible to help jumpstart your daycare center.
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 daycare insurance needs.