| If you own a home daycare facility then you will | | | | childcare within the premises but no child abuse |
| require home daycare insurance. Your home | | | | coverage. |
| daycare insurance will provide cover against any | | | | 2. General liability insurance policy: This insurance |
| kind of property damage or even physical injury | | | | policy will provide coverage for childcare in the |
| caused to the children within the premises of your | | | | premises or the facility and also cover field trips |
| daycare facility. The home daycare insurance | | | | as well as child abuse at no extra cost. |
| policies are different for licensed facility and | | | | 3. Professional Liability/Errors and Omissions |
| unlicensed facility. | | | | insurance: This policy will provide you with the |
| If you are operating an unlicensed facility, then in | | | | maximum coverage possible within a home |
| all probability, your homeowner policy will not | | | | daycare insurance policy. Apart from the standard |
| provide coverage for your daycare facility. There | | | | or general coverage, this insurance will provide |
| are several insurance companies who include the | | | | coverage for negligence in child care. Some of the |
| option of providing selective or limited home | | | | aspects covered under this policy include:o |
| daycare insurance within a homeowners or | | | | Anywhere between $50,000 and $100,000 for |
| condominium insurance policy without any extra | | | | child abuseo Personal injuryo Accidents in the |
| premium while there are others who will charge | | | | swimming pool on the premises and even off the |
| you additional premium for the same. Before you | | | | premiseso Field tripso Auto liability related to |
| look for home daycare insurance, check with | | | | transportation for the childreno Medical expenses |
| company who has provided you with | | | | due to accidents can be anywhere from $5,000 |
| homeowners insurance and find out if they are | | | | to $20,000 per childo Accidental death on |
| providing daycare cover under the current policy. | | | | premises |
| On the other hand, if you are operating from a | | | | The home daycare insurance will also cover legal |
| licensed facility then you will have to purchase a | | | | costs if parents sued you on the basis of injury |
| business policy that will provide the required | | | | or sickness caused to their child. One of the |
| coverage for your daycare facility. One of the | | | | important things that you need to be aware of is |
| important reasons why you should go for a | | | | the insuring forms. There are two types of |
| separate home daycare insurance policy is | | | | insuring forms: an occurrence form and claims |
| because not all the policies provide child abuse | | | | made forms. It is always advisable to choose the |
| coverage. | | | | occurrence form as it will cover a claim that is |
| Types of Home Daycare Insurance | | | | reported even after your policy expires. |
| Talking of home daycare insurance, there are | | | | The bottom line is that home daycare insurance is |
| basically three types of liability policy and they are: | | | | essential to protect your business and your own |
| 1. Homeowner Insurance or renters insurance: | | | | interest. |
| These policies will provide you coverage for | | | | |