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Daycare Insurance>How Much Coverage Do You Have?
LeslieG 07:59 AM 04-09-2013
Since I just recently started up my child care business, I am working at getting liability insurance for the first time. I found the company who I would like to provide the insurance, I just don't know how much coverage to go with.

How much liability insurance coverage do you have? (Per Occurrence, Aggregate, etc.)

I will be licensed for 8 children.

Any advise would be very helpful!! Thanks!
Blackcat31 08:17 AM 04-09-2013
I am licensed for up to 14 children.

I have large group coverage.

I have $1,000,000 coverage per occurrence and $3,000,000 coverage general aggregate

I pay about $500 per year for this. The rates for this year are a little higher than last years.
grandmom 02:47 PM 04-09-2013
Buy the highest amount they offer. Protect yourself. It's all deductible.
CrackerJacks 08:50 PM 04-09-2013
I agree..the more the better
JSBaker 09:48 PM 04-09-2013
I always carried 300,000 coverage per incident, and a student accident policy that covered staff as well as kiddos. (Texas), as I know some states require different coverage amounts.
originalkat 06:23 AM 04-10-2013
I have a $1 Million coverage per occurrence and $3 Million Aggregate. I am licensed for 10 children.
Brooksie 07:53 AM 04-10-2013
The more you can get the better. I have a 1,000,000 policy and I kind of wish I had more. You never know, a kid could slip, fall and become a paraplegic and that wouldn't even cover what you could be paying for. You HAVE to think of all the worst scenarios and prepare for that when you're thinking of liability
Tags:liability insurance
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