There are many different types of daycares that are available in today’s market; there are licensed daycare centers, licensed home daycares, and un-licensed home daycares. Different parents look for different types of daycares that are available, but typically they end up picking a licensed daycare. All licensed daycares, whether they are at a center or out of someone’s home are required by law to have daycare insurance. Each state has different guideline to each daycares insurance requirement.
Having daycare insurance may help to eliminate many risks that are out there for daycare providers. If you are operating a daycare where children are being transported in a motor vehicle, it is a good idea to eliminate numerous risks with a daycare auto coverage plan. Having just car insurance may not be enough coverage if you are operating your vehicle for work purposes.
If you have any employees, having a worker’s compensation policy plan added to your daycare insurance policy may be smart for you to do. Worker’s compensation typically covers medical costs or any on the job accidents that an employee may sustain. This type of coverage may possibly save your business huge out of pocket expenses.
Having a volunteer coverage policy added to a daycare insurance plan may help if you ever use any volunteers to watch the kids in your absence. If anything were to happen while the children were in their care, this policy would cover you and your volunteer.