Commercial Insurance: Insuring Your Childcare Business

If you’re looking to launch a childcare business in Ontario, you have picked the ideal time. The demand for affordable childcare for children between the ages of 0 and 4 is growing faster than the available daycare facilities. According to a 2017 report from Ontario’s first Minister Responsible for Early Years and Child Care, the number of licensed child care spaces in Ontario has grown to nearly 390,000 – an increase of more than 108 percent since 2003–04.

Whether you’re looking to launch your business in your home or in a separate facility, you will want to make sure you have the proper insurance coverage in place to protect your business.

Here are 5 coverages you should consider for your child care business:

1. Commercial Property

Whether you own or lease the building where your daycare business is located, this type of coverage provides protection from accidents or incidents that lead to property damage and tangible losses.

2. Business Interruption Coverage

If a disaster should cause your business to shut down for repairs, this covers the loss of income while rebuilding.

3. Crime and Fidelity Coverage

This often overlooked coverage protects your business from things like employee theft, forgery, and computer fraud.

4. Commercial General Liability Coverage

This popular standard policy protects businesses from liability claims for bodily injury and property damage.

5. Abuse and Molestation Liability

This coverage is essential for any business that cares for children. It provides protection for damages from any form of abuse, not just sexual abuse or vicarious liability.


There may be additional coverages you will want to consider depending on the size and scope of your daycare facility. Talk to your insurance broker about your business plans. He or she can make recommendations and give you a free comprehensive quote.  

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