How much do you pay for home daycare insurance?

[Lou]

Just talked to my husband and he didn't misunderstand and that it would be $1000 MORE per year!!! Spixie and Crayola, may I ask who you get your insurance through? Thanks!

[Spixie33]

Just talked to my husband and he didn't misunderstand and that it would be $1000 MORE per year!!! Spixie and Crayola, may I ask who you get your insurance through? Thanks!

Hi Lisa
I am with coseco/DirectProtect
They cover me up to 5 daycare kids...PLUS my own. So I am covered up to 7 kids basically if needed. I called them after I already had daycare going because quite frankly I never knew that you should/could have insurance on the daycare until i took a course and I got scared at the thought of lawsuits for broken arms or accidents.
I was so close to shifting insurance companies earlier this year because I found another company much cheaper for our vehicles but they would not cover me for the same amount of kids. Be careful with that. Some insurance companies will say they cover you for 5 kids but that is INCLUDING your own. be sure to specify if your kids are separate or included in their count.
I just made a simple phone call to my current insurance company and once I asked them the cost they said I HAD To insure the daycare now that I admitted to having a daycare running in my home.
I don't mind. It really isn't much money a year and it does give peace of mind that if a parent does get lawsuit -crazy (God forbid something were to happen).

I hope this links you to their contact info
http://www.411s.ca/views.aspx?LinkID=515213392

I also saved money when I told them I was a Costco member. It actually saves me a couple of hundred per year

[carewithlove]

We had this problem 3 years ago and was very complicated. People paying over $1000/year for premium are doing the right thing.
A rider on your home insurance is not a daycare insurance... it will never cover: liability for abusive accusations or any other lawsuit that originates from your customers (and trust me, customers can do that very easy) it will not protect 5 children plus your own and the very limited and useless coverage is just applied to the limits of your property.
To have a minimal childcare coverage that extends to ALL the children in your care and really covers you also outside your property (where most accidents happen like parks, playgrounds and wadding pools, etc) you will have to pay that $1000/year and if you are dropping off and picking up the children from school with your private vehicle you need the "paying passengers" insurance on your vehicle too... that is about $100/year otherwise you are not covered for any children in your care that are transported in your car...

Hope this helps and always ask the whole set of questions.... and never get a home rider for you childcare...