Insurance for a Daycare Center is Complicated – Let Castle Rock Capacity Insurance Agency assist you with the proper Daycare Insurance Coverage.
If you own or operate a Daycare and don’t have insurance you need to be concerned.
What does your Daycare Insurance Coverage Policy Cover you for?
Most people with a professional daycare businesses or in-home daycare center shop for insurance with one thing in mind; Price. “What is the lowest price for Daycare Insurance Coverage?” When buying the cheapest Daycare Insurance Policy a more important question should be how much of a loss can I sustain in the event of a law suit?
What are the most important coverage for a Daycare Center?
The Liability Insurance aspect of your Daycare Center Insurance Policy is designed to insure the business against losses even if they are negligent or liable for damage, injury or loss to another’s property, reputation, or health. Typically, damages, legal defense fees and settlement charges are paid by the insuring company when a claim is filed against the business.
Bodily Injury Liability
Liability coverage may pay the affected person or firm for the cost of care, the loss of services and restitution for death that results from an injury.
Property Damage Liability
In the event your business causes damage to, or causes the loss of use of someone else’s property, property damage coverage may pay for the value of the physical damage to the property; or the loss of use of that property.
Abuse & Sexual Molestation Insurance (Optional)
Covers you for DEFENSE and JUDGMENTS brought up against you and or your Daycare Center for claims and suits regarding Abuse and Sexual Molestation. although there may not be a judgment, the cost do defend these suits can quickly surmount and put a daycare center of any size out of business very quickly, even if the case is dismissed.
Personal Injury (Optional)
Our Daycare Insurance Coverage Policy provide coverage if you are accused of:
Publishing inaccurate information that slanders or libels a person or organization;
Publishing material that violates a person’s right of privacy;
Falsely arresting, detaining or imprisoning someone;
Maliciously prosecuting someone;
Wrongfully evicting someone.
Anything can happen when there are children around.
An accident, although unintentional, can leave you with an enormous liability exposure. If you and/or your organization are not properly insured and are found guilty of any wrong doing you could be held personally liability for all legal expenses and any judgments. These expenses would have to be paid out of your own pocket. This could be a burden on your business, livelihood and your family.
Claims involving children are always volatile and very emotional which could further escalate a claim into a much larger claim. Make sure you are not a statistic.
Click here for more info on Daycare Insurance Abuse & Molestation Insurance Coverage.