What kind of business insurance do I need for my daycare?

What kind of business insurance do I need for my daycare?

What kind of business insurance is needed for a daycare?

mbrcatz

Depends on the exact circumstances, which is why it's best to talk it over with a local agent.Some possibilities include, but are not limited to:commercial autoproperty coveragegeneral liabilityaccident coverageworkers compensationabuse and molestation defensecommercial excess/umbrellaand even with those broad categories, there are lots more options.For business insurance, your best bet is to talk to an expert. You can't buy it over the internet, anyway, so might as well get THEIR opinion about what the "good deals" are in your neck of the woods.

Kor

for business insurance, there are some basic coverage that i feel is must have:- property insurance for the premise that your daycare biz is conducted- public liability insurance- workman compensationthere are other benefits that may be included in some packaged plans and some are good to have if your budget allows. talk to a few local agents and compare notes before you decide but the basics are essential.

HeidiMars

Please see source box. Hope it can help you. Good luckSource(s):http://www.howtostartadaycare.com

Linda

You can purchase a commercial package policy which will provide coverage to protect your business personal property, betterments and improvements, loss of income, and commercial general liability. If the daycare plans on purchasing an automobile, you will need a commercial automobile policy

Margarita

You can purchase a commercial package policy which will provide coverage to protect your business personal property, betterments and improvements, loss of income, and commercial general liability. If the daycare plans on purchasing an automobile, you will need a commercial automobile policy. If it will not own an auto, then you will need to add hired and non-owned auto coverage to the commercial package policy so that the daycare will be protected against any liability claims arising from an accident if an employee uses their personal auto to run errands for the daycare. You will also need to include coverage for claims of sexual abuse and molestation but this can also be added by endorsement to a commercial package policy.In addition you will need a Workers Compensation Policy if you have employees. You should also consider and depending on your lease and state regulations might need to purchase a Commercial Umbrella or Excess Policy.You should contact a local independent agent who specializes in commercial insurance to assist you reviewing your business and its exposures, in reviewing the state regulations for the size of your daycare (requirements for insurance will sometimes vary by the number of children the daycare will be licensed for) and reviewing your lease for the insurance requirements. You can find a local agent by entering only your town or city, state and zip code on the following website: http://www.iiaba.net/agentlocator/findag… This website belongs to the Independent Insurance Agents of America--they will not keep your information or use it in any way. You will be able to pull up all the agents in your community, check out their websites, see what companies they represent (most independent agents represent multiple companies) and choose an agent that is right for you and your business.I hope this information helps. Good LuckSource(s):Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.

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