Are you considering starting a home day care? Then you need to invest in a separate insurance policy. While you may have homeowners’ coverage, such policies typically do not cover losses related to commercial enterprises. Along with liability, you might want to purchase additional property insurance. Why is this so vital?
Natural Disasters
No matter where you live, you are at the mercy of Mother Nature. Wildfires, tornadoes, and severe thunderstorms – a variety of natural disasters can cause damage to your residence. Your home insurance may cover the repairs to your home, but coverage limits generally apply, and it could stop short of paying for replacements for things belonging to your business, such as outdoor jungle gyms.
Little Monsters
As a childcare provider, you know how destructive kids can be. While they may not be able to blow the roof off your home, they can certainly destroy everything stored below. Damage caused by one of your charges throwing a toy through a window in a fit of anger may not be covered by your homeowners’ insurance, because it happened during the course of business operations.
Running your own business already requires a great monetary investment – do not let mishaps empty your coffers. Having the proper insurance is an essential part of preventing undue financial burdens. To learn more about the insurance needs of home day cares, or to obtain your own policy, reach out to one of our agents today.
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