For a daycare, whether it be at a rented location or in home, you need to have general liability insurance, workers compensation insurance for employees, and possibly an accident policy to cover the children should small medical issues/claims arise from your daycare operation.
Transporting the childern would bring significant additional risk so is best to avoid if possible.
At home daycares are more difficult to insure than a facility specifically built for daycare and 100% childproofed.
In California, insurance for a start up daycare facility with two employees is likely to cost over $10k for the whole package (Gl and work comp)
To become licensed child care center, you are required to have commercial liability insurance. However if becoming licensed is not your goal, commercial liability insurance is not necessary. You should consider increase your home owners insurance to protect you in the event of accident. Most insurance companies will provide you additional coverage for people wanting to do a start a home based day care.
You should carry insurance on your children until they are old enough to get insurance on their own. This is usually when your child graduates college. As long as your child is a full-time student and one of your dependents, then you should be able to carry insurance on them.
If you can show your insurance co. that your child lives on their own AND has their own car insurance, you should be able to get your child OFF of your policy
A child should have their own savings account starting at a young age.
This is specific to insurance companies, and the type of insurance. Auto insurance, forever Life insurance, forever health insurance, as long as the child is a dependent and under 21, 23 if attending school (NOTE: these are general and you should consult the specific insurer to confirm)
It depends on what you want your child to become. If you want the child to have a professional education like engineering or doctor your insurance amount would run in lakhs. Try to save up a decent sum for your child through insurance so that he/she can concentrate on studies instead of sustaining themselves. Ex: 10 lakhs or more should be good enough for one child to finish education at the current cost of living.
In medical insurance, the policy holder of the policy is not automatically the guarantor of a step child. To become the guarantor of the child a formal adoption should have taken place, or the child can be added to the policy.
This should depend largely on the age of your children. If they are of young age, they are relatively safe and only minimum life insurance is required. If they are at work age, insurance should be proportionally larger, around $2000 could give you a good life insurance.
Not necessary- you only add/exclude drivers
Call your insurance company and ask them for the forms you need or what the procedure is to add a child to your coverage.
Your child support should be a set number of dollars every month for you child or children. this is to be used for all needs of the child. food, medical, recreation.
All states have child support guidelines that are based on several factors that include who provides the medical insurance. You should inquire at the court with jurisdiction, or perform an internet search for the guidelines for your state, to determine if your child support amount is up to date according to the guidelines.
There is no way to answer this, rating is dependent on too many factors, contact an agent or agents in your area and get quotes.
You should but new shoes before the rubber soles starting to smooth or when you feel your child needs more foot space.
If a child care provider is accused of hitting a child in his or her care, the situation should be investigated. The director of the center should speak with both the child and worker separately. Also the child care worker, should be placed on suspension until the incident is completely investigated. If no other complaints from children or parents, then they should return back to work. The center should still keep an eye open on the worker. If another incident like this has come up again, then fired immediately.
As long as your child does not have a vehicle with them ever when at school the many insurance companies allow for a large discount due to the fact that the child is not a regular driver. They are still a member of your household and should be on your policy in case they drive when at home or may drive when at home.
I'd compare coverage and rates and see what is the most advantages for you.
it depends on if you want to. What gerber does is that it helps your child/children when they are older, but only when you have passed away (the parents or parent)
Your child can be covered under both your & the mother's insurance even if he/she doesn't live with you.
All drivers should be listed on your policy to be a covered driver. you should add your child to your auto policy for proper coverage.
Check with your Insurance Agent/Company to be specific. Definately as soon as they receive their license. At the very least, the insurance company should be aware of the new driver as soon as they get their permit.
only if that child isn't dying on the spot no and usualy they can have a plan for poor people or they can work something out
The policy is paid to the beneficiary. It should be placed in trust for the child if the child is a minor. If the child is an adult, the proceeds will be sent to the named beneficiary.
Where you can purchase medical insurance for a child depends on where you are located. For example, You can purchase medical insurance for a child from providers such as CHPlus and Family Health Plus in New York.