Daycare.com Forum Daycare Forum

Go Back   Daycare.com Forum > Main Category > Daycare Center and Family Home Forum

Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here.

Reply
 
Thread Tools Display Modes
  #1  
Old 01-20-2015, 09:42 AM
marcieandpie's Avatar
marcieandpie marcieandpie is offline
Daycare.com Member
 
Join Date: Aug 2014
Location: Georgia
Posts: 27
Question Should I get insurance?

Hi guys, long time lurker here I am starting an in-home daycare hopefully by March if licensing goes smoothly, and I'm wondering what your opinions are on having insurance for up to 6 kids? The state (GA) requires that families sign a form saying that the daycare does not have liability insurance if it doesn't carry any, but I'm not sure if that protects the daycare if something does happen or if it is just to give notice.

My question is, do you think it is necessary to have liability insurance or is that just a selling point? I truly don't know! TIA!
Reply With Quote
  #2  
Old 01-20-2015, 10:10 AM
AmyKidsCo's Avatar
AmyKidsCo AmyKidsCo is offline
Daycare.com Member
 
Join Date: Mar 2013
Location: Wisconsin
Posts: 3,786
Default

IMO it's necessary for you - not a selling point. If anything were to happen - or a parent even accused you - you'll need the insurance. Claims can run into the $100,000s and more.
Reply With Quote
  #3  
Old 01-20-2015, 10:16 AM
Annalee's Avatar
Annalee Annalee is offline
Daycare.com Member
 
Join Date: Jul 2012
Posts: 5,758
Default

I would definitely get insurance...I have my insurance through DCI and have had a policy for many years with them. I have never had a claim but know of fellow providers whom have and DCI worked those issues out to the positive for the provider.
Reply With Quote
  #4  
Old 01-20-2015, 10:48 AM
LysesKids's Avatar
LysesKids LysesKids is offline
Daycare.com Member
 
Join Date: May 2014
Location: Tennessee
Posts: 2,846
Default

I have liability insurance for the childcare... in fact some states require a minimum amount. I also wouldn't want to lose everything I own just because a parent signed something saying they knew you didn't have any - that still gives them the right to sue because something happened to their snowflake, it doesn't cover you because it's not a waiver for liability
Reply With Quote
  #5  
Old 01-20-2015, 10:58 AM
daycarediva's Avatar
daycarediva daycarediva is offline
Daycare.com Member
 
Join Date: Jul 2012
Posts: 11,543
Default

My state doesn't require insurance but I would never operate a business without it!!
Reply With Quote
  #6  
Old 01-20-2015, 11:03 AM
lovemykidstoo's Avatar
lovemykidstoo lovemykidstoo is offline
Daycare.com Member
 
Join Date: Aug 2012
Location: U.S.
Posts: 4,689
Default

I have it and would never go without it. I would not trust a simple piece of paper that they signed saying they know I don't have it. My state does not require it, but having said that, if your mortgage company knows you have a daycare, they will mandate that you have insurance. It's really worth the money and piece of mind.
Reply With Quote
  #7  
Old 01-20-2015, 11:28 AM
marcieandpie's Avatar
marcieandpie marcieandpie is offline
Daycare.com Member
 
Join Date: Aug 2014
Location: Georgia
Posts: 27
Default

Thanks for the replies!
Reply With Quote
  #8  
Old 01-21-2015, 04:53 PM
originalkat's Avatar
originalkat originalkat is offline
Daycare.com Member
 
Join Date: Dec 2009
Location: Kansas
Posts: 1,389
Default

Insurance is a must! I have a 1 million dollar coverage through Assure Child Care.
__________________
Originalkat
Reply With Quote
  #9  
Old 01-28-2015, 11:43 AM
Daycare Insurance's Avatar
Daycare Insurance Daycare Insurance is offline
Daycare.com Media Member
 
Join Date: Jun 2014
Location: Encino, California
Posts: 89
Default

Quote:
Originally Posted by marcieandpie View Post
Hi guys, long time lurker here I am starting an in-home daycare hopefully by March if licensing goes smoothly, and I'm wondering what your opinions are on having insurance for up to 6 kids? The state (GA) requires that families sign a form saying that the daycare does not have liability insurance if it doesn't carry any, but I'm not sure if that protects the daycare if something does happen or if it is just to give notice.

My question is, do you think it is necessary to have liability insurance or is that just a selling point? I truly don't know! TIA!
Yes, you need Insurance!!!! Yes we do provide it, but we don't care where you get it as long as you get it! Our main concern is educating the public on the benefits of having insurance. Please feel to contact our office for more information, we would be happy to get you generic information any time.
Reply With Quote
Reply

Tags
daycare insurance

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not 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
Insurance Changes. Tom Copeland Heidi Daycare and Taxes 5 10-06-2014 05:33 PM
New Daycare Insurance Category Michael Daycare Insurance 6 06-09-2014 10:26 AM
States That Don't Allow Liability Insurance Affidavits MarinaVanessa Daycare Insurance 7 07-08-2013 05:11 AM
Home Insurance Rider Vs. Stand Alone Policy jolson Daycare Insurance 7 11-01-2011 09:49 AM
Where to get Business Insurance and Cost? kpa0627 Daycare Insurance 1 06-08-2010 08:35 AM


All times are GMT -7. The time now is 03:35 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