Both existing nurseries and people considering setting up their own nursery will already have a lot to think about. From staffing and maintaining premises to marketing and actually get places filled. And clearly as well as love for children and a desire to make a difference in their learning years, as a business owner, making money will also be a priority.
And as insurance for a nursery is one of the larger expenses a nursery might incur after staffing costs, nursery owners rightly want to know how much does nursery insurance cost.
The truth is there is no magic figure or formula for calculating what you will be expected to pay but here are just some of the things insurance companies take into account when quoting a nursery along with just a few things you should consider when looking for nursery insurance.
Some of the most obvious rating factors include the size of your nursery, how many children you have, your location and your previous claims experience. As the owner of a nursery you might not have a great deal of control over some of these things but here are a few things you could be doing to help you when searching for your nursery business insurance.
The first thing you should perhaps consider when looking for insurance for your nursery is that not all insurance brokers are the same. Whilst the insurance industry might have a reputation for all companies pretty much being the same, the truth is there are insurance brokers around who specialize in providing insurance cover specifically for nurseries, preschools and kindergartens.
Therefore there is every chance you could get more cover, for less money, by using them as opposed to using your local insurance broker or going direct with an insurance company.
To find a business insurance broker who specialises in insuring nurseries, simply visit a search engine like Google or Yahoo and type in a phrase like nurseries insurance or nursery insurance brokers and see who appears.
Likewise, you could look through a copy of the nursery buyers guide to see if the same companies appear. It is probably safe to say that if a company appears online and in the guide, they are likely to specialize and more importantly, they are likely to help.
The great thing about using an insurance broker who does specialize in nursery business insurance is that as well as the money they could save you, there is every chance you could actually get expert advice and guidance which could result in you actually getting more cover for less money.
It is also possible that you could get cover and facilities from them that you simply would not be able to get with a normal broker.
If you really want to find the answer to the question, how much does nursery insurance cost, contact a nursery insurance specialist and let them help you find the answer.
By Marissa Oldman