Establishing your own day care facility involves a lot of safety precautions. You need to make sure that your facility – whether commercial or home-based – is as risk free and as childproof as possible. However, you are providing care to children who are considered to be risks themselves. No matter how careful you are and no matter how many care providers are looking out for the children, kids can still get themselves into accidents. They can get into the smallest of spaces, the highest tables and the sturdiest chairs are no match for their disaster abilities.
Children are fun, there is no doubt about that; but fun sometimes equates to unfortunate accidents. Children are naturally energetic whether or not you have given them sugar; that is why you need to consider what type of insurance you are purchasing.
Before you start your day care facility operations, make an appointment with your preferred insurance agent or broker. Discuss the coverage you would like to have and whether it would be enough for any liabilities your day care facility could incur.
In case you are not satisfied with your insurance provider, do not sign up for any policy just because you feel that you owe it to your insurance agent because of the time he spent talking to you. You have the option to call other insurance companies and compare costs and policy coverage.
One type of insurance company covers day care operations that do not extend into overnight care. If you do not intend to take in overnight duties, then you can avail this type of insurance. Your day care business would also need accidental medical insurance that protects children and your day care staff from any hospital or medical expenses that can be caused by accidental injuries. Day care insurance also covers all supervised activities such as field trips and outings, including the travel and everything that may occur in between. This insurance also covers accidental death and specific loss benefits as well.
Some insurance companies are designed for other programs like if you only want to have summer day care instead of a year round operation. Each type of coverage would also have different levels which mean the prices for the premium vary too. Additionally, there are insurance providers that consider dental injuries as medical expenses.
In recent years, there has been an upswing in the premiums of insurance for day care providers. This is because of the rising number of child abuse reports in day care centers. Some insurance companies have even started cancelling policies of child care providers because of this concern. Premium amounts are seeing increases of up to triple or quadruple the previous amounts. This is not something to be ignored, though as insurance is required before you can start your operations. You should just get the best possible deal on your insurance through good relations with the insurance company.
For more:
How to start a daycare center
