Day Care Insurance (General Liability)
Kids have accidents. That is a well known fact of life that any parent or day care owner can testify to. As the owner of the business however, you can be held liable if a child is injured while they’re in your care. If a visiting parent is injured, you can be held liable for that accident as well. If the child or parent has personal property with them while visiting your child care center, you can be held liable if the personal property is damaged too.
General liability protects you from problems of this sort. It is a comprehensive small business insurance option that protects you from bodily injury liability, personal property liability, product liability, advertising liability and more. This insurance grows as your business grows and automatically covers new products, services and business locations as you add them.
Child Care Business Owners Policy (Bop)
A business owners policy provides your business with combined coverage. It includes general liability as well as property and asset protection. There are a number of different things that can be protected under a BOP.
Your physical business structures, such as the daycare centers themselves, are protected from loss with a BOP. If a storm damages the side of your building for example, the BOP will pay for repairs.
Physical structure coverage in a BOP includes outdoor assets you might have such as playground equipment, and the inside contents of your business structures as well. If your day care has specially designed kid’s furniture as part of it’s decor, the BOP will cover the expense of repairing or replacing those if they are damaged. Building improvements that you have made are covered. Interior business materials such as toys, art supplies and food are covered, as is the appliances in your daycare’s kitchen. If the air conditioner breaks down a business owners policy covers the cost of fixing that as well.
Intangible assets are also covered by a BOP. Valuable papers, electronic data files, specialized business software and accounts receivables can all be protected from damage or loss by a business owners policy.