Understanding Your Mississippi Daycare’s Insurance Needs

Caring for children can be a rewarding career. You provide children with a safe place to learn and grow while giving parents peace of mind that their little ones are safe and cared for. Running a daycare can also be challenging; accidents, property damage, lawsuits, and natural disasters can wreak havoc unexpectedly. Protecting your business is paramount to keeping everyone safe and stopping any hefty out-of-pocket expenses that may force you to close your doors. The best way to safeguard your enterprise is to have comprehensive daycare insurance coverage in Mississippi. An experienced insurance broker can help you obtain the best policies for your unique situation so that you can continue supporting the little ones and their parents.

A Starter’s Guide to Daycare Insurance

You know you need insurance, but do you know what types are available and the best steps for keeping your coverage up to date? Here is a starter’s guide to aid you in obtaining daycare insurance for your Mississippi daycare facility:

1. Understand the types of coverage available. Insurance coverage isn’t a one-and-done or one-size-fits-all product. There are many aspects your reliable broker can walk you through to ensure you have what you need, including:
   • General liability for covering third-party bodily injury and property damage claims. This is helpful if a child gets injured while in your care or there is damage to a parent’s car while on your premises. It helps cover the costs of medical expenses, legal fees, and settlements.
   • Professional liability is also known as errors and omissions. It’s useful when there are claims of negligence or inadequate performance. For example, it might be used if a parent believes your daycare failed to provide an expected level of care and threatens to sue you.
   • Property insurance protects your daycare’s physical assets, which include the building, furniture, equipment, and supplies, against damage or loss due to fire, theft, or vandalism. It comes in handy so you can make repairs without causing undue financial strain.
   • Commercial auto insurance is helpful if you provide transportation services. It protects your business vehicles and covers medical expenses and property damage caused by an accident involving your daycare vehicles.
   • Abuse and molestation insurance is one of those unfortunate coverages that you need. No one wants to envision one of their employees doing the unthinkable, but even carefully vetted staff may potentially be a liability.
2. Assessing your daycare’s specific needs. Each facility is unique, meaning insurance needs will vary depending on the size and location, the number of children cared for, and the services you provide. By working with an experienced daycare insurance broker, you can feel better knowing you’ve purchased the best policies for your daycare.
3. Regularly reviewing and updating your coverage. Once you have the best policies for your business, it’s best practice to review them regularly. This is generally an annual event where you sit with your broker and decide if the coverage meets your needs. They can help determine if you have adequate coverage and make any necessary changes.

Protect Your Livelihood with Daycare Insurance in Mississippi

Investing in comprehensive daycare insurance is vital to protecting your livelihood, yet it can seem daunting. Talk with the team at Hawsey Insurance. We will sit down and discuss your unique needs, then tailor a policy to meet them. For years, we have serviced daycares across Madison, Jackson, and Southaven, Mississippi. We understand the risks you face and are here to help. Contact us today for more information!

Call Hawsey Insurance at 601-856-7707 for your daycare insurance needs. Feel free to contact us online or make an appointment to stop by our Madison, Jackson, and Southaven, MS offices.