Daycare.com Forum
Daycare Center and Family Home Forum>Liability Insurance
Unregistered 11:30 AM 09-18-2009
I am wondering how much liability coverage is customary for a home-style day care for 5 kids, ages 3 to 5. I have no clue how much coverage I need. Would anyone mind sharing what kind of coverage you have for a home day care?
Unregistered 12:09 PM 09-18-2009
I use Thomco. There is also Hays.
Thomco is around $450/year, Hays is $264/year. I know big difference.
Anyway, I'd go with at least a $3 million per occurence policy, if you can afford more, do more.
Thomco is around $450/year, Hays is $264/year. I know big difference.
Anyway, I'd go with at least a $3 million per occurence policy, if you can afford more, do more.
Liliya 06:00 PM 09-18-2009
I have mine with Allstate, my house and cars with them too and I think it is $160, I have to double check.
AmandasFCC 06:12 AM 09-19-2009
In my province if you're registered with child care resource & referral you get a break on coverage, so for $5,000,000 coverage I pay about $370/yr or so.
Unregistered 07:06 AM 09-19-2009
Originally Posted by AmandasFCC:
In my province if you're registered with child care resource & referral you get a break on coverage, so for $5,000,000 coverage I pay about $370/yr or so.
Which company do you use?In my province if you're registered with child care resource & referral you get a break on coverage, so for $5,000,000 coverage I pay about $370/yr or so.
tymaboy 07:34 AM 09-19-2009
Mines with State Farm. Our house, cars, snowmobile & life insurance is with them so we get a discount for having multiple coverage. I think we pay $200 or less a year.
GretasLittleFriends 11:36 AM 09-19-2009
I have my daycare insurance coverage through Adults & Childrens Alliance. I forget off the top of my head what coverage is and how much it was, but it if I remember correctly it was less than $300/yr and included covering transportation. I'll have more info later. Good deal though.
AmandasFCC 06:07 AM 09-21-2009
I'm in Canada, the company I use is called Pacific Care. Unless you happen to live in BC, I don't think that's going to help you unfortunately hehe.
GretasLittleFriends 12:35 PM 09-21-2009
After looking at my policy with ACA Inc (Adults & Childrens Alliance Inc) I paid $248/yr for:
Limits of Liability: $1,000,000
General Aggregate (Other than products-Completed Operations): $2,000,000
Each Occurrence (Includes Products-Completed Operations and Personal Advertising Injury): $1,000,00
Fire Damage (Legal Liability) $100,000
Abuse or Molestation Each Occurence $100,000
Abuse or Molestation Aggregate $100,000
Animal Injury Each Occurence $25,000
Animal Injury Aggregate $50,000
LIMITS: Accidental Death - $2000 Accidental Medical - $10,000
Accidental Dismembement - $10,000 Dental Limit - $1,000
Limits of Liability: $1,000,000
General Aggregate (Other than products-Completed Operations): $2,000,000
Each Occurrence (Includes Products-Completed Operations and Personal Advertising Injury): $1,000,00
Fire Damage (Legal Liability) $100,000
Abuse or Molestation Each Occurence $100,000
Abuse or Molestation Aggregate $100,000
Animal Injury Each Occurence $25,000
Animal Injury Aggregate $50,000
LIMITS: Accidental Death - $2000 Accidental Medical - $10,000
Accidental Dismembement - $10,000 Dental Limit - $1,000