1Yes. For a variety of reasons, home daycares require small business insurance, such as general and professional liability coverage.
Licensing in most states even requires liability insurance, and many parents will want proof of a policy.
Great American provides a daycare with all of the necessary protections, including separate limits for general liability, professional liability, and protection against abuse or molestation, as well as bullying lawsuits.
The company also offers commercial auto, umbrella, inland marine, and other types of coverage, and you can select occurrence-form or claims-made coverage.
In addition, Great American provides risk management services to assist in the prevention of incidents.
Such as on-site training on child abuse prevention and a smartphone app for anonymously reporting inappropriate behavior.
Property insurance, general and professional liability insurance, commercial or hired and non-owned auto insurance, and workers’ compensation coverage can all be quickly and easily purchased through Next Insurance.
You might save 10% when you purchase at least two approaches.
The majority of home daycares pay between $56 and $78 per month for general liability coverage.
But the company doesn’t cover abuse or molestation, so your policy might not cover everything.
