Daycare.com ForumDaycare Insurance Daycare Insurance LIST YOUR DAYCARE!

FIND A DAYCARE!

Facebook


Go Back   Daycare.com Forum > Daycare Insurance

Daycare Insurance Discuss your insurance and liability concerns here.

Reply
 
Thread Tools Display Modes
  #1  
Old 04-15-2009, 04:12 PM
tinyexplorers tinyexplorers is offline
Member Awaiting Status Upgrade
 
Join Date: Apr 2009
Posts: 4
Smile Operating Costs/ Insurance

Hello Everyone,
I am a child care provider who is interested in opening a child care center. I am trying to get an idea of start up and operating costs. Is there anything that most first timers typically forget to add. Also can someone please tell me the cost of insurance b/c the insurance companies wonít call me back once they realize that I am not purchasing insurance right away.
Reply With Quote
  #2  
Old 04-16-2009, 07:30 AM
tymaboy's Avatar
tymaboy tymaboy is offline
Daycare.com Member
 
Join Date: Oct 2008
Location: Iowa
Posts: 446
Default

You should already have home owners or renters insurance just call them & they will add it to you insurance. It all depends on how many children you have in care to what your insurance will cost. I do not know mine off hand but know that it is that much more then my home owners insurance.
Reply With Quote
  #3  
Old 04-16-2009, 11:07 AM
tinyexplorers tinyexplorers is offline
Member Awaiting Status Upgrade
 
Join Date: Apr 2009
Posts: 4
Default

Thanks for your help. I currently have an in home child care that is insured for 8 children. The people I use only insure in home family centers but I was thinking of (read that as need to get it out of my house) expanding it to another building outside of my home. I have no idea how much it would cost to insure a center with about 50 -80 kids. Does anyone have this info?
Reply With Quote
  #4  
Old 04-16-2009, 11:33 PM
GretasLittleFriends GretasLittleFriends is offline
Advanced Daycare.com Member
 
Join Date: Feb 2009
Location: Georgia
Posts: 935
Default

Are you on the food program? Some of the non-profits that sponsor the food program also sponsor daycare insurance.

One website you could check out is www.acainc.org then click "insurance". I personally haven't looked into this from them, but I know it's available. Just an idea.
__________________
Give a little love to a child, and you get a great deal back.
Reply With Quote
  #5  
Old 04-21-2009, 09:45 AM
tinyexplorers tinyexplorers is offline
Member Awaiting Status Upgrade
 
Join Date: Apr 2009
Posts: 4
Default

I was on the food program that is offered through the state (or county) but I reduced my numbers and it wasnít worth the paperwork. They only work with family providers. Thanks for the link, I have my current insurance through them and it is very affordable but they donít offer it for larger centers.
Reply With Quote
  #6  
Old 11-10-2010, 07:54 AM
Unregistered
Guest
 
Posts: n/a
Smile Owner

Hello Everyone,
I am a child care provider who is interested in opening a child care center. I am trying to get an idea of start up and operating costs. Is there anything that most first timers typically forget to add. Also can someone please tell me the cost of insurance b/c the insurance companies wonít call me back once they realize that I am not purchasing insurance right away.
Reply With Quote
  #7  
Old 05-14-2012, 01:24 PM
Sue
Guest
 
Posts: n/a
Talking Daycare insurance

I was referred to this insurance place that handle daycare insurance. My previous premium was kind of high a little bit over $978 it is now only $500 / year and i also got the Accidental medical plan to cover everyone including myself and my helpers, for like $200 for the liability The insurance is called KIDS. They have a website called www.insurance4daycare.com
The site is real cute and I did mostly everything myself, though I received a call from one of the gals to confirm my order and to go over my coverage. Try it
Reply With Quote
  #8  
Old 05-14-2012, 05:36 PM
Kim's Avatar
Kim Kim is offline
Daycare Member
 
Join Date: Jan 2010
Posts: 137
Default

I'm a family provider and have DCI- www.dcins.com I've been with them fo 4 years and they have great customer service. They also cover centers. They are reasonable for family child care insurance so hopefully they will be reasonable for centers.
Reply With Quote
  #9  
Old 05-15-2012, 08:08 PM
Sugar Magnolia's Avatar
Sugar Magnolia Sugar Magnolia is offline
Blossoms Blooming
 
Join Date: Apr 2011
Location: Where the wind goes.....
Posts: 2,142
Default

We opened a center, and wow, there are a lot of expenses, but insurance was not the most costly or hard to get. I have Lloyds of London. My local independent agent handles it. I had a whole different set of insurance issues. My center is in a 100 year old house, in Florida, coastal flood area. Not simple to insure. But the daycare likability is for a million $, covers everything, its like $700 annual. I have tons tons tons if info on opening a center so pm me with any questions. I am most helpful in areas of zoning, real estate, and city/county codes, etc.
Reply With Quote
  #10  
Old 09-20-2012, 02:06 PM
maxwell maxwell is offline
New Moderated Member
 
Join Date: Sep 2012
Posts: 1
Default

Sugar Magnolia,

Just wondering...what was the most costly expense and toughest hurdle you found when opening your center? My husband and i are considering it and i have a fairly thorough list of overhead costs...and i anticipate the "people" aspect will be the biggest challange...i think...but i am interested to know what i don't know...thanks!
Reply With Quote
  #11  
Old 12-06-2012, 06:16 AM
Unregistered
Guest
 
Posts: n/a
Smile Childcare

hello i plan on becoming a registered childminder but i was looking to know how much it would cost roughly to start off in my own home. i was wondering how much the insurence would be also and the other costs you need?
Reply With Quote
  #12  
Old 12-26-2012, 02:54 PM
Unregistered- blessed one
Guest
 
Posts: n/a
Question Help

I'm looking to open an at home registered day care.... I live in NYC and I'm Trying to find out what kind of insurance I can use to insure my apartment for my daycare. Also any advice in advertising and getting children placed in to my daycare, without going thru ACS. The network agencies like ACS pay very little and now you have to pay to be apart of they're network. Also any advice on food programs, lessons I can teach and any other courses I should take to besides the health and safety and CPR course.
Reply With Quote
  #13  
Old 11-21-2013, 10:09 AM
RyanWal88
Guest
 
Posts: n/a
Default Would love some help??

Quote:
Originally Posted by Sugar Magnolia View Post
We opened a center, and wow, there are a lot of expenses, but insurance was not the most costly or hard to get. I have Lloyds of London. My local independent agent handles it. I had a whole different set of insurance issues. My center is in a 100 year old house, in Florida, coastal flood area. Not simple to insure. But the daycare likability is for a million $, covers everything, its like $700 annual. I have tons tons tons if info on opening a center so pm me with any questions. I am most helpful in areas of zoning, real estate, and city/county codes, etc.
I am interested in starting a preschool, in Georgia. My parents currently own one in Melbourne Florida.. They have been helpful but the more information I can get the better.

They took over an existing daycare.
I was wondering if you could break down what you think the most important things I need to know from starting fresh?

What I know so far that I need:
1) Director Credentials
2) Licensure Orientation Meeting
3) Licensing Application packages
Includes
Zoning approval
Lease agreement- if I rent
Fingerprint record
Certificate of occupancy
Completed Initial Licensing study
Director Application
Than an onsite inspection for approval

Costs:
Building
Supplies- Chairs Tables and such
State Licensing Fee
Insurance- Liability and property
Payroll
Monthly expenses- like food, water electric maintenance

Is there anything I am missing???
When getting insurance is property and liability insurance separate?
How long till I see a return and start earning income?
Overall Start up costs?

Thank you very much for your time
If its not an inconvenience please Email me at RyanWaldorf88@yahoo.com
I would love to talk more (you never ask too many questions)
Reply With Quote
  #14  
Old 11-21-2013, 04:25 PM
Annalee's Avatar
Annalee Annalee is offline
Daycare.com Member
 
Join Date: Jul 2012
Posts: 1,307
Smile

Quote:
Originally Posted by Kim View Post
I'm a family provider and have DCI- www.dcins.com I've been with them fo 4 years and they have great customer service. They also cover centers. They are reasonable for family child care insurance so hopefully they will be reasonable for centers.
I have had this insurance as well for many years....very courteous service....affordable prices. I have never had a claim but I know two FCC providers who have and were out nothing out of pocket....prompt service.
Reply With Quote
Reply

Tags
costs, insurance, operating costs

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Health Insurance Premiums, Help Please Unregistered Daycare and Taxes 3 05-14-2012 05:10 AM
Home Insurance Rider Vs. Stand Alone Policy jolson Daycare Insurance 7 11-01-2011 08:49 AM
Daycare Insurance? kknbearsmommy Daycare Insurance 9 02-02-2011 09:35 AM
Where to get Business Insurance and Cost? kpa0627 Daycare Insurance 1 06-08-2010 07:35 AM
Insurance? michellezearfoss@hotmail. Daycare Center and Family Home Forum 4 12-07-2009 10:15 AM


All times are GMT -7. The time now is 02:36 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming