About Business Insurance for Nurseries
Your nursery will offer a very valuable service to your customers as you care for and look after children on a daily basis so parents can go about their daily lives. However, running a nursery puts you in a very vulnerable position when it comes to the well-being of children.
Looking after children requires full attention, safety measures and the correct procedures to ensure that the children remain safe. However, issues can arise that can cause the children to come to harm and this leaves your business open to claims being made against you.
By choosing to have business insurance will set you up in the right way as it will ensure that you are protected from any claim made against your business. Children and busy, mischievous and adventurous which means that there is always a risk that an incident could occur. Any claim can damage your reputation and cause financial problems. So if you act negligently, offer wrong advice or a child comes to harm then you will have to defend these claims and even pay compensation.
Business Insurance for Childrens Nurseries
Having business insurance will be of a huge benefit to you and your business because it will provide you with the protection that you need.
How Does It Work?
As a nursery your main priority is the safety of the children within your care. Parents leave their children with you in the hope that they have fun, learn and interact with others as part of their development. However, the risks that come with this are high and this leaves you exposed, this is why business insurance is crucial.
Professional indemnity insurance will protect you from claims made against you if you have acted negligently or offered advice that has resulted in financial loss or injury. You may give a child with a severe allergy the wrong food or you may offer advice to a parent that could cause harm. If a claim is made then you will have to defend your business and this comes with high costs. Therefore, professional indemnity insurance will deal with all costs allowing you to focus on the things that matter.
The environment in which the children learn and play is one that has to remain safe. This means that any dangerous equipment has to be locked away, plug sockets fitted with socket covers and even the right toys for the right age. If a child becomes injured because of a lack of care and attention, then a claim could be made against you. Perhaps a parent might trip over a loose floor tile while carrying their child or they could slip on a tiled floor after a child has spilled something- whatever the risk may be, the outcome could lead to a claim. This is where our public liability insurance will protect your business against claims and their financial implications.
Business insurance is an important tool and will provide you with these features:
- All claims are covered – successful or not
- A full assessment will take place before a payment is released
- Business insurance will become a business critical tool
- All costs associated with claims and compensation will be covered
- Your business needs will be reflected in the cover
- Costs associated with you attending court will be covered
- Flexible payment plans
What Are the Benefits?
There are many benefits that come with business insurance:
- You will meet any legal requirements and regulations
- Focus on the needs of your business instead of worrying about defending claims
- All costs will be covered through insurance cover
- Advice and representation is available
- Your customers will consider your business to be professional and caring with the cover in place