How Much Liability??
 

I saw the post a couple days ago about insurance and I was wondering what everyone's liability limits are.
I have a home daycare with 6 children (once i get licensed). I noticed that a lot of people have separate policies for their home daycare. I just added onto my homeowners policy. Now im worried that I do not have enough coverage.

Originally Posted by jenboo:
I saw the post a couple days ago about insurance and I was wondering what everyone's liability limits are.
I have a home daycare with 6 children (once i get licensed). I noticed that a lot of people have separate policies for their home daycare. I just added onto my homeowners policy. Now im worried that I do not have enough coverage.

I have a large home daycare and a 2.52 million dollar policy that covers more than just the kids if they get hurt. look into DCI..

I have coverage for an attorney in case someone dc related wants to sue me for any reason, including child abuse .

Insurance is cheap compared to the cost of being sued. I bought the highest amount available. $2M.

Never underestimate the power of an angry parent.

Ok so i looked into better insurance.
This is what I was offered.
$1mil for liability
$20,000 business income coverage
$50,000 court costs
$25,000 for child abuse claims
personal liability and employee benefits

Should I see if I can increase it to $2 mil for liability? I will soon have 6 children and i do not transport.