How much do you pay for home daycare insurance?

[Secondtimearound]

I am in Alberta and I pay $55 a month for 5 children but I have 2 million on each child . I was told now a days that is what is recommended . I have insurance on my vehicle as well as I drive one child to school . My insurance covers everything except of course abuse !! I added a rider on my home insurance as well to cover equipment and such .

[MonkeyPrincess]

I think the answer is going to different based on what insurance companies you ask.

The extra $1000 premium, is the commercial liability insurance, if i understand correctly. As it was explained to me by an insurance rep, if you are operating your daycare as a registered business, with legit receipts, contracts etc, then this is the proper insurance you should have. Some companies do not offer it.

If you are a more casual DCP, and you take care of a just a few kids, and don't operate so much like a business, you will be fine with an insurance rider, as i understand it.