Brecksville, OH daycare centers need to purchase many insurance coverage options to stay safe and protected. However, few understand the benefits of umbrella insurance, an oversight that we at Ganley Family Insurance hope to correct here.
Daycare Insurance is Diverse
A high-quality daycare should take out multiple forms of commercial insurance to ensure that it doesn’t suffer from any financial problems. Just a few forms of insurance that you should consider for your daycare center include:
- General liability
- Premises liability
- Professional liability
- Commercial vehicle liability
- Corporal punishment liability
- Abuse and molestation liability
- Umbrella insurance liability
Each of these coverage options protects your daycare center in unique ways. For example, corporal punishment liability kicks in when one of your employees – or you – is accused of spanking or hurting a child in your care. But what exactly is umbrella insurance?
How Umbrella Coverage Protects You
Though daycare insurance should protect most centers from serious issues, umbrella policies are a great extra protective step. Umbrella insurance is extra coverage that kicks in when your other policies are drained. For example, extra liability coverage will protect you if your normal policy doesn’t cover an injury to a child.
In essence, umbrella insurance helps daycare centers avoid serious financial disaster by providing more coverage on their most important elements. In this way, you can run your daycare center in peace and know that your livelihood is protected from serious financial loss.
Find High-Quality Coverage That You Can Afford
As you can see, umbrella insurance is a great choice for daycare centers. So if you live in Brecksville, OH and run a daycare, please contact us at Ganley Family Insurance to learn more. Our agents will find you an umbrella insurance policy that is right for your needs.