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A insurance company (Intact) through a broker is telling me that they can insurance 5 kids (but that includes my own son). This is the best I have found. Does anyone knows a company that can insurance 5 plus my own? or is this the best I will be able to find?
Yes, my home insurance covers 5 Daycare Kids. This does not include my own children. My insurance company is Wawanesa. Hope that helps. My broker had her homework cut out for her whilst looking for someone to insure my house and daycare. I had to leave my previous insurance co. cause they would only insure me for 3 daycare kids.
I found the same thing. People on here gave me the names of their companies but no one would insure me for 5 plus my 2. TD melache mannex will do 6 total so that will work for you with your son
Thank you I will check with these companies. How much are you paying per year for the daycare insurance?
I am with TD Meloche Monnex too and have 5 unrelated and 2 of my own children and they insured me. It was about $200 for the year for me :-) It is also a tax business write off:D
But would you need to have insurance for your own children? Maybe a stupid question but who is going to sue themselves? I am going to have to re-check as I told them 5 daycare kids plus my own two and they said all was good........maybe time to call them up just to be sure :-)
It's not about suing ourselves but about the perceived best practice in the field set by the regulated field in certain jurastictions combined with insurance statistical analysis thag the more children in attendance the more perceived "risk" for the insurer having to pay out due to an accident/injury occurring ... so insurance companies choose how many children can be attendance on the policy and it varies by where the carriers home base is cause across Canada the rules are so different - regardless if they are your own so to speak!
I would definitely ensure that your Ryder clearly states in writing 5 children PLUS providers own verses just relying on a verbal your fine ... I know providers who thougf they had coverage and than found out they did not ... if you need to make a claim they WILL look for reasons not to pay out and if the policy states coverage for 5 children with no mention of your own and any incident report from EMS states 6 or more kids that can make them have cause to say your policy was void due to more than 5 kids being present ... there is clear evidence in media and people you talk to who that the industry is built on deny deny deny :( Best defence is an iron clad clearly written policy!!!
I am insured with State Farm for 5 plus my own
I am now with Gore Insurance as they will cover 5 plus my own. Was with Intact but because of their policy (5 including your own), I asked my broker to look around and find a company that will cover 5 dck plus my own 2.
I had started a thread some time ago with the same question, check it out under managing a daycare, title Home Insurance - Ottawa Area.
Good luck :)