From bee stings to playground boo-boos, kids are prone to injuries. Providing childcare in your home or at a daycare facility is a career that brings a lot of laughs–kids really do say the funniest things–but it can also involve a lot of risk if you don’t have proper certification and coverage for your business.
In this post, we’ll explore the unique insurance needs of childcare facilities.
It’s important to make sure that you are following all of your state’s legal guidelines for operating a daycare. There are often strict government guidelines associated with providing childcare. You can find information about the state of Indiana’s rules and regulations here.
Most childcare businesses are legally required to have liability coverage. This is not always the case for home-based providers, but you may want to talk to your insurance agent about your homeowners insurance policy. Most homeowners policies do not cover home-based businesses, so you may need to purchase a separate business insurance policy to protect the children, your business, and your employees. Liability insurance typically covers damage to property as well as personal injuries that may occur.
What is the best daycare insurance policy for your facility? There are a number of factors to consider. That’s why you need an insurance agent you can count on to help you understand the ins and outs of various policies.
In our experience, most daycare providers have professional liability and workers compensation coverage. A premises liability policy can also help cover the area around your daycare facility, including any play areas. You’ll also need a commercial vehicle liability policy if you will be transporting children.
Without proper daycare insurance coverage, something unpredictable could devastate your business. For example, if a child breaks an arm after falling on your playground, you could be looking at thousands in medical expenses and court fees.
Do you serve breakfast, lunch, or snacks at your daycare? What would happen if a child became ill due to food poisoning? What would you do if someone vandalized or stole your playground equipment? As you can see, there are many additional considerations that some providers fail to consider – until it is too late.
Daycare Insurance You Can Trust
Finding an insurance agent you can rely on may seem like searching for a needle in the proverbial haystack, but Kincaid Insurance is here to help with all of your insurance needs. Our experienced independent insurance agents are trained to help you assess your business and your coverage needs.
Serving the tri-state area of Indiana, Illinois, and Kentucky, Kincaid Insurance is located in Rockport, Indiana. Our agents work with business owners in Vincennes, Mt. Vernon, Louisville, Evansville, Owensboro, Mt. Vernon, and the surrounding area.
Contact Kincaid Insurance today at 1-877-888-5506.