Insurance for Daycare

Key Coverages for Daycare Businesses

General Liability Insurance: A parent could claim that their child was injured due to unsafe playground equipment, leading to a lawsuit. General liability insurance covers medical expenses and legal fees, protecting your daycare from significant financial strain.

Professional Liability (Errors & Omissions) Insurance:
A parent might accuse your staff of negligence in managing a child’s allergy or behavioral needs. Professional liability insurance covers legal fees and settlements that arise from allegations of improper care or mismanagement.

Commercial Property Insurance:
A fire in your daycare facility could destroy play equipment, furniture, and essential supplies. Commercial property insurance helps replace damaged assets, allowing your daycare to recover and reopen quickly.

Business Interruption Insurance:
If your facility needs to close temporarily due to a natural disaster or structural damage, business interruption insurance compensates for lost income and fixed expenses, keeping your daycare financially stable.

Workers’ Compensation Insurance:
A caregiver might injure their back while lifting a child, requiring medical treatment and time off. Workers’ compensation insurance ensures they receive medical care and wage replacement, helping them recover without financial stress.

Abuse and Molestation Liability Insurance:
Daycare centers can be vulnerable to abuse claims. This insurance offers crucial protection for legal fees and settlements that can arise from allegations, even if the claims are unfounded.

Commercial Auto Insurance:
When transporting children for field trips or daily pick-ups, an accident could lead to injuries and vehicle damage. Commercial auto insurance covers the repair costs and medical expenses, keeping your daycare’s transportation safe and compliant.

Cyber Insurance:
With sensitive data like medical and contact information on file, a data breach could be catastrophic. Cyber insurance covers the costs of managing a breach, notifying affected families, and handling any lawsuits.