claims made vs occurrence (insurance)
DESCRIPTION
If you are unfortunate enough as a Daycare Provider to end up in court than liability money from your Daycare Insurance Plan will be the best money you ever spent. As accidents will happen, insurance will provide the protection you need to pay the medical bills and other associated cost. While having a business in your home may prove convenient, not having enough Daycare Insurance could lead to you losing your business and the family home, as well.TRANSCRIPT
Claims Made Vs Occurrence (Insurance)
If you are unfortunate enough as a Daycare Provider to end up in court than liability money from your Daycare Insurance Plan will be the best money you ever spent.
● Occurance will cover a claim that has been reported even after the policy expires as long as the policy was in place or current with premium payments at the time of the incident.
"Claims Made" Compared To "Occurrence"
● A "claims made" policy is limited to only covering a claim that has been reported happening at a particular time, during the policies term.
Accidents Happen Unfortunately● Pinched fingers, scrapped knees, allergic reactions
to something new, broken bones, and head traumas to name a few are all part of the risk that come with running a Daycare Center. It makes good sense to protect your assets with Daycare Insurance.
Day Care Insurance Services
● Daycare Insurance services is the infamous organization that is a pioneer in providing insurance services. It was the first to bring out the Professional Liability Insurance. When it comes to Childcare Insurance, it serves as the leading limelight for the organizations to follow.
