If you’re curious about child care insurance, you’ve come to the right place. We’ll break down the reasons for insuring your child and explain the different types of this coverage. We’ll also point you to two of the best childcare insurers.
Children love to play, jump, run around … and sometimes get into dangerous situations. We won’t dwell on the dark possibilities, but will simply say that you ought to select the best possible plan for your child. This will depend on the child’s lifestyle – where he attends school, plays sports, and does other activities.
The best daycare insurance programs will have the following features for you:
- Provide optional liability coverage, such as cover for abuse or corporal punishment.
- Offer free advice on how to avoid risks in the first place.
- Have extensive experience with all kinds of child-related insurance claims.
- Be rated highly by A.M. Best, the well-known insurance company rater.
The Markel Insurance Company, based in Virginia, is one of the better-known providers of insurance plans for children. Markel takes pride in mastering its niche and forming specialized insurance plans for people with children. Here are some niche markets for which Markel offers child insurance:
- Child and infant daycare centers
- Private schools
- Children’s camps
- Preschools
Markel offers lots of coverage at a reasonable cost. Here are some of the policy features you can expect from them:
- General liability coverage. This cover protects you in the event that someone accuses you of (or sues you for) causing harm to their child.
- If you own a childcare center, Markel can extend property insurance to you that will pay for special kinds of losses such as fire or wind damage.
- Expert claim handlers who have experience dealing with child insurance claims.
- A “Safety First” education program that offers risk reduction advice to you.