Ohio Daycare/Childcare Insurance


If you run or are thinking about opening a daycare or childcare center in Ohio, there are a few things you’ll want to think about. A location is one important key component. A staff to watch the children is another. Both of these things are important, but one thing not a lot of people think about from the get go is what types of insurance they will need. A daycare in Ohio is a legitimate business venture and does need to think about insurance. So why should your daycare or childcare center get insurance, and what kinds of insurance will you need?


Does Your Ohio Daycare/Childcare Really Need Insurance?


Actually, according to the Department of Health and Human Services, it does. In order to be licensed by the DHHS, your Ohio daycare/childcare center needs to be covered by daycare liability insurance. The aim in doing this is to protect your Ohio daycare/childcare center mainly from liability issues. 


Coverage to Consider


Homeowners or Renters Insurance:

You’ll definitely want to insure the place where you will be running your Ohio daycare/childcare business. There are many reasons you’d want to, but the bottom line is this… You’ll have people going in and out of your home, if it is at your home, and not having insurance is just a bad idea. Protect your property.


Commercial Vehicle Liability:

This policy is something that protects your company car. If you have a specific car for your daycare/childcare center that is used to transport children, you’ll want this coverage. This one is pretty self-explanatory but still important. 


General Liability Insurance

General Liability Insurance is necessary for your Ohio daycare/childcare because it does many things. First off, it gives you coverage should anyone suffer an injury on your property. This is especially important when it comes to a business that deals with children. Lots and lots of children. Children get hurt very easily, so a company that provides care to children would definitely want to look into general liability insurance. This plan will also provide coverage for property damage. If you work with children or have any of your own, you know that property damage happens regularly. Kids aren’t too worried about keeping your house or daycare center nice, unfortunately. General liability insurance is something you’ll definitely want to think about when deciphering why your daycare or childcare center should get insurance. 


Non-owned/ Rented Auto Insurance

If your employees use their own vehicles or use rented vehicles to take the children at your daycare somewhere, you’ll want non-owned/rented auto insurance. This protect your company from being liable for injuries or property damage, if something were to happen. For example, if an employee was taking the children at your daycare to the Cleveland zoo and was driving their personal car when all of the sudden they got rear ended or worse, your company would potentially be liable to pay medical bills, car damages and could even potentially be sued. This is another major reason why your Ohio daycare or childcare center should get insurance.


Professional Liability/Errors and Omissions Insurance

This policy gives you broad coverage. Many companies carry this insurance, but basically it will protect your business, mostly in cases of negligent supervision. For example, if something happens to a child, a parent could sue the person watching their child as well as your daycare or childcare center. This is something you definitely want to avoid and something you should think about when considering why your Ohio daycare or childcare center should get insurance. Protect your business by checking out and considering this policy.


Corporal Punishment Liability

This is something that can protect your daycare/childcare center financially is one of your employees was accused of using physical punishment against a child. This is good to have because you never know what claims a parent could bring against your business. It is better to be safe with these types of things than to be sorry you didn’t protect your company in the first place.


Abuse and Molestation Liability

This is huge because if any sexual abuse takes place in your Ohio daycare or childcare center, the damages to your business could be very big. Being accused of something like this could make your daycare or childcare center liable for many financial fines as well as medical bills. This is extremely important to consider when you have a business that involves children and another major reason why your daycare or childcare center should get insurance, especially this specific type of insurance. This is huge to think about when considering why your daycare or childcare center should get insurance.


Umbrella Liability Protection

This is basically just an extra coverage that will protect your Ohio daycare or childcare center beyond what your other insurance policy will. It is a good idea if you want to be extra safe and have all of the coverage you can for your business. 


To Sum It Up…


Working with children means you have to think about a lot of things involving liability. Parents care about their children a lot and are often very protective. This is so important to consider and a big reason why your daycare or childcare center should get insurance. The kinds listed above are all policies that your company should consider. Always remember that it is better to be safe than sorry and that protecting your business is something that insurance companies do. It is very important and necessary to consider these things.

Posted 8:40 AM

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NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by Cobos Insurance Center, Inc. to provide information that may be of interest. Cobos Insurance Center, Inc. is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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