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Making sense as a company owner/operator of risk, costs, fees, coverage and liability, personal and property insurance is essential in order to protect...See more » Making sense as a company owner/operator of risk, costs, fees, coverage and liability, personal and property insurance is essential in order to protect yourself, your operation, your assets (collateral), financial well-being, managing, mitigating and hopefully eliminating risk from your operation. When you are transporting little ones, travel to and from school, between locations, travel by foot, by walking in the neighborhood or take strollers and car seats out with other kids or siblings, other than your own, those in your care, you are exposing yourself to a whole array of ground for legal recourse and action, if an accident should occur for example. You need to prepare well for any and all inevitabilities and possibilities as a prudent, hands-on and proactive entrepreneur, dealing with child care provision type services. Where schools, car, outings, trips, visits, walks are part of your daily routines, you need to ensure that there is significant coverage from an insurance stand point to cover all bases and potential threats, risks and such. Security, permission, signed waivers, permission slips are all pre-requisites here and you need to pay close attention to what is required legally to run and operate your activities safely and securely, knowing you have done all you can to protect your assets, interests and those you service, their related parties and interests as well. Prices and nature of insurance coverage will vary depending on a couple of situation and unique factors. A real estate agent or professional, affiliate can oftentimes direct you to an insurance broker, reputable and that they have worked with that might be able to advise you on the types and amounts of insurance that you require for your location, property, employees etc. When it comes to money and day care type operations planning, preparation and prudence are important aspects of the operation and day-to-day. If you employ staff, it is of utmost urgency that you also pay close attention to their needs, risks and insurance coverage. Where kids(not your own), the precious entrustedwee onesof another parent or caregiver are placed in your supervision today, every day, for a period of time, a trial basis, permanently, full-time, part-time, regardless, you need coverage. Today ratings, rates, fees and flexible, affordable policies are all part of the game. Choice and selection is a personal one and it is up to you to determine what, how much you need. For example, health care policies and insurance coverage for those unforeseen costs are important. Drugs, prescriptions, eyeglasses and such, as a self-employed individual will require medical and health insurance coverage. Insurance forcarswill vary also, but you are better off to have third-party insurance, legal coverage required as the bare minimum. Small business health care solutions abound, you just need to know where to look and what to ask for. Whether you think that Medicare, carriers are important or not, ensure that you take the time to attend to the smallest details of your operation. It will save you money down the line. Implications of long term care,loan and financial type insurance, security, real estate, property and contents, life insurance, insurers and partners who specialize in child care legal issues can only help your business and protect your best interest, as well as those of the parents and children that use your services. Market rates will also fluctuate from time to time and to ensure you get the best insurance rate possible for these types of operations, deal with someone familiar with the requirements and pre-requisites.See less »