Liability Insurance

[Unregistered]

I am wondering how much liability coverage is customary for a home-style day care for 5 kids, ages 3 to 5. I have no clue how much coverage I need. Would anyone mind sharing what kind of coverage you have for a home day care?

[Unregistered]

I use Thomco. There is also Hays.
Thomco is around $450/year, Hays is $264/year. I know big difference.
Anyway, I'd go with at least a $3 million per occurence policy, if you can afford more, do more.

[Liliya]

I have mine with Allstate, my house and cars with them too and I think it is $160, I have to double check.

[AmandasFCC]

In my province if you're registered with child care resource & referral you get a break on coverage, so for $5,000,000 coverage I pay about $370/yr or so.

[Unregistered]

In my province if you're registered with child care resource & referral you get a break on coverage, so for $5,000,000 coverage I pay about $370/yr or so.

Which company do you use?

[tymaboy]

Mines with State Farm. Our house, cars, snowmobile & life insurance is with them so we get a discount for having multiple coverage. I think we pay $200 or less a year.

[GretasLittleFriends]

I have my daycare insurance coverage through Adults & Childrens Alliance. I forget off the top of my head what coverage is and how much it was, but it if I remember correctly it was less than $300/yr and included covering transportation. I'll have more info later. Good deal though.

[AmandasFCC]

I'm in Canada, the company I use is called Pacific Care. Unless you happen to live in BC, I don't think that's going to help you unfortunately hehe.

[GretasLittleFriends]

After looking at my policy with ACA Inc (Adults & Childrens Alliance Inc) I paid $248/yr for:
Limits of Liability: $1,000,000
General Aggregate (Other than products-Completed Operations): $2,000,000
Each Occurrence (Includes Products-Completed Operations and Personal Advertising Injury): $1,000,00
Fire Damage (Legal Liability) $100,000
Abuse or Molestation Each Occurence $100,000
Abuse or Molestation Aggregate $100,000
Animal Injury Each Occurence $25,000
Animal Injury Aggregate $50,000

LIMITS: Accidental Death - $2000 Accidental Medical - $10,000
Accidental Dismembement - $10,000 Dental Limit - $1,000