What’s Your Excuse for Not Purchasing Business Liability Insurance?

1988369604_254c74bab2_qBusiness liability insurance protects family child care providers from the risks associated with caring for children.

These risks include:

  • Injuries to children: A child breaks her leg falling off your backyard slide or a toddler losers his finger after catching it in your sliding-glass door.
  • Lawsuits by parents: A parent breaks her arm after slipping on your icy front steps. Another parent accuses your son of inappropriately touching her child.

Despite these real risks, too many family child care providers don’t have business liability insurance to protect themselves, their family and their business.

Here are the common excuses providers give for not having this insurance:

“I don’t have any money, so why should I worry about a parent suing me?

Many providers incorrectly believe that they won’t be sued because they have little money. If a child is seriously injured, the parent probably won’t be deterred by your financial situation. If they do sue you, you’ll have to pay a lawyer to defend yourself.

This is the beginning of an article I’ve posted on childcareinfo.com. In the rest of the article I debunk four other excuses for not having business liability insurance.

Childcareinfo.com is a community for family child care providers and parents that offers a wide variety of resources including recipes, a blog, and a newsletter.  It serves as a clearinghouse for many online resources (children’s activities, training opportunities, equipment, and more).

Childcareinfo.com was created by Minute Menu to offer free assistance that will help the family child care community grow.

Tom Copeland – www.tomcopelandblog.com

Image credit: https://www.flickr.com/photos/worldbank/

Legal & InsuranceFor more information about business liability insurance see my book Family Child Care Legal & Insurance Guide.

Categories: Insurance, Legal & Insurance

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