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-   -   How Much Liability?? (https://www.daycare.com/forum/showthread.php?t=68208)

jenboo 01-22-2014 12:45 PM

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.

daycare 01-22-2014 01:26 PM

Quote:

Originally Posted by jenboo (Post 427381)
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 .

grandmom 01-22-2014 02:41 PM

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.

jenboo 01-27-2014 07:38 AM

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.


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