Child Care Business Insurance Brokers
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Business Insurance Brokers for your Child Care Service Insurance Quote
If you own or operate a Child Care Service, you would be aware that there is a long list of factors that can lead to a possible claim. For example, instances such as a child getting injured, or suffering a severe allergic reaction. There is also the risk of injury to parents or tradesmen on your premises, the list goes on. Generally these risks will vary considerably depending on the size and scope of your particular company. However, it is crucial to ensure that you have the correct insurance products in place to protect you and your company in the event of a claim.
Contact our professional team on 1300 859 381, or enter your details below and let us help you find the child care service insurance quote you need today.
As insurance brokers, we have compiled data regarding what insurances you are likely to claim on, and what the most common causes of these claims are, to help you to reduce the chances of your business being at risk of a possible insurance claim. For more information give us a call on 1300 859 381 and request a Risk Analysis for your industry. This is a complimentary service, to give you a better idea of of what to watch out for in your industry, and is subject to the below General Advice Warning.
This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. (If relevant: Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement).
What you need to know about your Child Care Service Insurance Quote
When it comes to child care, there are a variety of different insurance products available to you. Statistically speaking, the most claimed on insurance products for Child Care centres are; Business Interruption, Public and Products Liability, and Professional Indemnity.
As mentioned at the start of this page, the size and scope of the Child Care Service will generally have an effect on the size and scope of the claims that are being made. That being said however, please see below for what the most frequent claims are caused by.
What are the most common claims?
Generally speaking, the most common claims for Child Care Service insurance result from Professional Indemnity. These claims typically arise from injuries to children in your care. Although this may trigger a Public Liability or Products Liability claim also, depending on the circumstances. As well as allergic reactions from food either brought from home or provided by the Child Care Service. The key to manage these risks are checking of qualifications and experience of the staff. As well as good record keeping and procedures to reduce the chance of these risks occurring.
Secondly, Business Interruption claims once again, will vary in size and scope depending on the size of the company. For a large franchise Child Care Service, the Business Interruption risk is high. In the event that the premises needs to temporarily relocate, there is a large chance that it will take your business a long time to recover. This can be exacerbated as many working parents will not have the time to wait without childcare facilities for their children. Even in the event that a replacement venue can be found, it will more than likely take some time to bring the premises up to the specific requirements and get the necessary approval. However, a partial loss may cause parents to avoid the establishment.
In conclusion, if you are looking for more information on business insurance for your child care business, then give us a call on 1300 859 381 or enter your details above. Or if you are looking for more information about health and safety working with children, click here to go to Safe Work Australia’s article regarding Early Childhood Education and Care.