Home Daycare Insurance
Running a small at-home daycare can be a gratifying entrepreneurial endeavor — but apart from keeping the tiny tykes entertained, your main duty is keeping the kids safe from the unexpected. And as a small-business owner, it’s your responsibility to make sure you have the right insurance in place to protect your business from the unexpected, too.
What Is Daycare Insurance?
Daycare insurance, or childcare insurance, is coverage designed to meet the needs of small, at-home daycare providers. With American Family Insurance, our daycare coverage offers limited property and liability coverage that, when added to your policy, is an extension of your homeowners insurance.
You may think that your at-home daycare is covered by your standard home insurance policy, but you’ll actually need to add our home daycare coverage if you want coverage for liability events — such as if a child slips on spilled milk — or coverage for damage to your business property — such as a fire destroying your daycare equipment.
Who Needs Home Daycare Insurance?
Most states require a home daycare business to carry liability insurance in order to meet licensing requirements. Keep in mind, the coverage we offer is limited to small in-home child care businesses of six children or less.
What Does Home Daycare Insurance Cover?
When you add our home daycare coverage to your homeowners insurance policy, you’re extending the same liability limits and coverage of your personal home insurance to your small business.
While this added protection gives you peace of mind, you’ll want to make sure the limits are adequate for your business. Depending on the size of your daycare, you may need to consider a commercial policy, which is separate from your home insurance policy and a more extensive option with broader coverage for your business.
Not sure how much coverage your daycare business needs? Connect with one of our expert agents who will guide you through your options and help you pick the right coverage that revolves around your business’s property and liability risks.
How Much Does Daycare Insurance Cost?
Just as every childcare business is unique, the cost of daycare insurance is unique to each business. But to give you an idea, you can probably protect your business and its future for less than you spend on the kids’ snacks for a year.
With proper insurance in place, you can run your daycare business with peace of mind, knowing you’re protected if the unexpected happens. For more information on American Family’s home daycare coverage, contact your American Family agent to get a home daycare insurance quote.
This summary represents only a brief description of coverages. Coverage features and limits vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions.