Many people have the goal of running their own business. For some entrepreneurs, the idea of starting a home-based enterprise is very appealing. Do you find pleasure in caring for and educating children? Then you may want to consider opening a home day care. Before taking any kids under your wing, however, you should carefully consider your insurance needs.
As a homeowner, you probably have an insurance policy that covers liability claims that occur on your property. Did you know that home coverage usually does not apply to any events related to your business? Failing to obtain an additional business policy could leave you on the line for the expenses associated to accidents on the property.
There are of course, many things you can do to reduce your risk of a child being seriously injured. It’s not enough to conduct a one-off safety audit when commencing your business – you need to be monitoring daily for potential hazards.
Running a day care could be a very rewarding career. Not only do you get to stay at home, but you also get to have a part in molding the delicate minds of the next generation. Having the proper insurance could ensure the financial difficulties that arise do not take away your joy.
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Photo by Brooke Cagle on Unsplash 
