Daycare Insurance Ontario

What is daycare insurance?

Daycare insurance, also referred to as child care insurance, is a specialized insurance designed to provide coverage and protection for businesses or individuals operating daycare facilities or offering child care services. This insurance is crucial for daycare providers as it helps mitigate the risks and liabilities associated with caring for children.

Daycare insurance in Ontario serves to safeguard any business providing childcare services from the financial impacts of unexpected events. This coverage applies to both full-time and part-time enrollments, as well as before-and-after school programs. Daycare insurance is essential for protecting the financial well-being of daycare providers and ensuring their ability to continue operating in the face of unforeseen incidents or accidents.

Childcare providers require various types of insurance coverage, and with MySchool, the insurance is customized to the unique needs of your business. The specific coverage and policy details can vary, so it’s crucial for daycare providers to collaborate with an insurance agent or broker specializing in childcare insurance to tailor a policy to their specific needs and circumstances.

What kind of insurance do I need to start a daycare in Ontario?

The MySchool Insurance Program package offers the common types of insurance needed to start a daycare:

• Commercial General Liability – helps cover legal expenses if someone is hurt or has their property damaged as a result of negligence on the part of you or your staff. A common example is someone slipping on an icy sidewalk on your daycare’s property.
• Abuse Liability – Allegations of abuse can happen and may include complaints of molestation, harassment, corporal punishment or other forms of mental abuse, which is why we ensure our clients have abuse coverage on an occurrence basis.
• Commercial Property – helps cover the costs of repairs or replacement of your daycare’s property if it’s damaged by an insured peril like fire or wind.
• Commercial Auto – helps cover legal and medical expenses if you’re involved in an accident. There are optional coverages like collision, comprehensive and loss of use as well.
• Professional Liability Insurance – Your staff with professional designations are held to an ethical and professional standard that needs specialized coverage known as Educator’s errors and omissions insurance. Depending on the statement of claim, the policy will respond to claims of actual or alleged wrongful acts, errors, omissions or breaches of duty as a professional. More importantly, for insured claims, coverage includes claims expenses such as fees for lawyers and experts, along with investigation and arbitration expenses.
• Directors and Officers Insurance – helps to protect the personal finances of directors and officers should they face legal action for alleged wrongful acts while performing their duties.
• Employment Practices Liability – as a component of Directors and Officers Insurance, this coverage will respond to allegations of wrongful termination, harassment in employment and discrimination.
• Employee Benefits Liability – helps respond to claims related to the administration of their benefits program such as failing to add or remove an employee to or from their plan.
• Cyber Liability – helps cover expenses related to a privacy breach or cyber attack. This can include legal costs, regulatory fines, public relations expenses and more.

We also offer customized coverage  such as expense reimbursement, child trauma and abduction expenses, umbrella liability, special events coverage and more.

Our MySchool insurance experts can help you determine which coverages you need. Speak to us today at 1.800.461.8562 or [email protected]

• Enrollment capacity
• Actual Enrollment (full-time and part-time)
• Staffing (full-time and part-time)
• Replacement value of owned property
• Total revenue

Compare Custom Daycare Insurance Quotes in Ontario

We work with multiple insurers to get you competitive pricing and coverage. You can get a quote for your licensed daycare by contacting us today at 1.800.461.8562 or [email protected]

Work with our MySchool Team

Our MySchool team is comprised of dedicated insurance brokers with the experience and expertise your daycare needs. We offer exceptional customer service, risk analysis and claims support. We work with trusted daycare Associations to ensure their members are prepared and protected for the unexpected.

Learn more about the MySchool program:
https://www.ccvinsurance.com/programs/my-school/