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Old 04-09-2013, 08:59 AM
LeslieG's Avatar
LeslieG LeslieG is offline Member
Join Date: Feb 2013
Posts: 217
Default How Much Coverage Do You Have?

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!
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Old 04-09-2013, 09:17 AM
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Blackcat31 Blackcat31 is offline
Join Date: Oct 2010
Posts: 19,552

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.
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Old 04-09-2013, 03:47 PM
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grandmom grandmom is offline Member
Join Date: Mar 2010
Posts: 742

Buy the highest amount they offer. Protect yourself. It's all deductible.
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Old 04-09-2013, 09:50 PM
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CrackerJacks CrackerJacks is offline
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Join Date: Nov 2012
Location: The land of children
Posts: 243

I agree..the more the better
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Old 04-09-2013, 10:48 PM
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JSBaker JSBaker is offline Member
Join Date: Apr 2013
Location: Lewisville, Texas
Posts: 19

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.
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Old 04-10-2013, 07:23 AM
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originalkat originalkat is offline Member
Join Date: Dec 2009
Location: Kansas
Posts: 1,389

I have a $1 Million coverage per occurrence and $3 Million Aggregate. I am licensed for 10 children.
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Old 04-10-2013, 08:53 AM
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Brooksie Brooksie is offline
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Join Date: Oct 2012
Location: Eastern Shore, MD
Posts: 1,317

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
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