Daycare Insurance from Massachusetts Specialists

What is Daycare Insurance?

Operating a childcare program can be extremely rewarding, but it comes with a substantial amount of responsibility and corresponding risk. In addition to the perils that most any business is exposed to, childcare businesses must also consider what would happen if one or more children were involved in a serious accident. Daycare insurance won’t prevent an accident from occurring, but it may provide childcare programs in Massachusetts with financial protection if they suffer a covered loss or are named in a covered liability lawsuit.

Daycare insurance policies tend to be robust and specialized commercial policies. Policies are normally underwritten as package policies that contain multiple individual coverages within them.

What Childcare Programs in Massachusetts is Child Care Insurance Right For?

The vast majority of childcare programs in Massachusetts can benefit from having a child care insurance policy in place, and nearly all programs (if not all) ought to carry a policy. This includes a diverse variety of childcare programs, such as:

• Large daycare businesses
• Small daycare businesses
• Home-based daycare businesses
• Public daycare programs
• Educational programs for pre-kindergarten children
• Religious and private nonprofit nursery schools

Additionally, businesses that offer childcare for customers and/or employees frequently also need a policy for this aspect of their operations.

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Is Liability Coverage Necessary When Programs Have Waivers and Affidavits?

While having parents and guardians sign waivers or affidavits might afford a childcare program with some legal protection, these generally aren’t a substitute for insurance. They normally don’t cover everything that an insurance policy does, and they don’t necessarily prevent people from filing lawsuits against a program. 

Insurance policies not only offer other protections, but they also often cover a variety of liability suits regardless of the outcome of the suit.

What Sorts of Limits Are Available Through Childcare Policies?

Since the risks that come with supervising young children are significant, child care insurance policies frequently make high liability limits available to programs that want lots of protection. Not only do primary liability coverages often come with multiple limit options, but programs are usually able to get even more protection through excess liability and/or umbrella coverages. These are two forms of secondary liability coverage, and they normally offer high limits for comparatively low premiums.

An insurance agent who specializes in these types of policies can help programs find the best way to obtain the limits that they want. Depending on a program’s situation and available policy offerings, coverage might be obtained through a variety of primary limit selections and secondary liability coverages.