When you open your child care center, many of the rules and regulations you will be under are enforced by the state in which you live. Insurance requirements are one such regulation that varies from state to state. However, you should invest in insurance in order to protect yourself, your daycare business, your clients and your employees. It is wise for child care centers to invest in liability, structural, accident, health and workers’ compensation insurance.

Liability Insurance: Liability insurance will protect you in the event you are sued for damages. These damages could include child injuries, pet injuries, accidents, personal injury (libel, slander), damage to your own property, and damage to the property of others. The amount of coverage depends on the particular policy you select. There are other types of liability insurance to consider such as sexual abuse and liability insurance, child abduction liability, special events liability (fieldtrips, fundraisers, etc.) and corporal punishment. Daycare liability can be stand alone or an endorsement on your homeowner’s insurance. (more…)