Are you thinking about opening a daycare in Connecticut? Do you want to make sure you’re Connecticut daycare has the right protection? If so, you need to invest in daycare insurance. Even though you want to focus on taking care of your children, your daycare is a business. Therefore, you have to protect it like one. That is where commercial daycare insurance comes in handy. What do you need to know if you are looking for a daycare insurance policy?
Understand the Different Types of Coverage
First, you need to understand the different types of covers that are available. In general, there are three separate categories you need to understand. These include:
- Building Coverage: First, you need to find daycare insurance that will protect the building. In addition to protecting the structure, this policy should also protect any expensive equipment inside.
- Commercial Vehicles: Do you have vehicles you use to take your children on trips? If so, make sure your insurance policy protects the vehicles as well.
- Legal Coverage: What happens if your daycare is involved in a legal issue? This could be expensive, so make sure you are covered with an insurance policy.
If your policy includes these three types of coverage, you should be off to a good start.
Make Sure You Have Enough Protection
Next, you have to make sure you have enough protection as well. Are there limits to the coverage? Are there limits on different categories? If so, you need to understand what these limits are, how quickly you might meet them, and how the expenses will be covered if you go over these limits. Every insurance policy has different types of limits that are in place. Understand what they are before you make a decision.
Understand Where Potential Accidents and Injuries Are Covered
Finally, you also have to think about what will happen if you file a claim. For example, if a child is injured in the building, is this going to be covered by the daycare policy? What if the child is injured in the parking lot? What happens if a child is injured on the playground? What happens if the injury takes place on a field trip? You need to make sure you understand where potential accidents and injuries are covered. That way, you are not surprised if you file a claim, and it is questioned.
Work with Trained Professionals Who Can Help You
Finally, you should work with trained professionals who can help you understand the benefits and drawbacks of the different types of insurance policies. Every daycare is different. That is why there are different policies as well. You need to make sure you have the right policy for your daycare. There is a lot of jargon in insurance policies. That is why you should work with experts to understand the ins and outs of this type of coverage. That way, you make sure your daycare is adequately protected.