Article provided by: Day Care Insurance Services, Inc.
The Most Frequently Asked Questions About Child Care Insurance Policies
For parents who have decided to entrust their child’s day care to another adult, the idea of allowing another person to watch over your pride and joy can be nerve wracking. That’s why we need to know that the facility has taken the proper precautions by implementing a child care insurance policy.
When we are meeting with various day care providers, we need to know that they have the proper child case insurance policies. Let’s take a closer look at the most important questions that need to be asked about child care insurance so that we are selecting the correct facilities for our little ones.
1) Are You Required By Law To Have This Insurance?
This might seem like an obvious question but this is where so many parents end up going wrong. Some parents are completely unaware of the fact that state laws will vary tremendously from location to location. While there are some child care facilities that have mandatory rules when it comes to insurance policies, we must take the time to actually ask the question. Don’t ever assume that the child care facility has taken this step.
2) What Type of Liability Insurance Do You Possess?
There are three different types of liability insurance and each of them comes with their own advantages and disadvantages. Homeowners insurance and general liability insurance may be somewhat helpful but they are no substitute for the assistance that a professional liability package has to offer. Be sure to ask about this specific insurance policy and do not accept any input from a facility that relies on the aforementioned options.
3) Will I Have The Ability To Sue?
No parent wakes up in the morning hoping and praying for the chance to file a lawsuit against their child’s day care facility. Child care insurance policies must provide us with this option if we find ourselves in need of legal assistance, though. Filing a lawsuit is obviously no picnic but when issues arise, we need to know that we have this sort of recourse available to us. The peace of mind that we experience because of this is invaluable.
4) How Much Insurance Have You Purchased?
Some parents fall into the trap of believing that child care insurance policies are one size fits all propositions. The amount of insurance that the facility purchases should be geared towards their own personal needs. The insurance requirements in the state that we are in will guide this decision-making process. If the facility is located in a state without minimum requirements, this is a question that needs to be asked early on.
5) What Should We Look In A Policy?
Don’t be tricked into believing that every company child care policy is created equally. Defense coverage, child abuse, incidental malpractice, contractual liability and accidental medical insurance are all areas that need to be covered. Look for a policy that encompasses each and every concern that is bound to come up. We simply never know what is going to take place once we send our little ones off each morning.