How much should nurseries be paying for insurance?
14 October 2009
NCi looks at the costs involved for nurseries when it comes to purchasing nursery insurance.
As more parents simply have to work rather than stay at home with their children, nurseries and pre-schools are becoming increasingly popular. 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. 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.
As nursery insurance is one of the larger expenses a nursery might incur after staffing costs. 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 cover.
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 policy.
The first thing you should perhaps consider 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 nursery insurance and 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 nursery insurance specialist, simply visit a search engine like Google or Yahoo and type in a phrase like nursery 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 services from them that you simply would not be able to get with a normal broker.
Other Press Releases By This Company
- 25/01/2019 - The potential of cloud technology to transform the motor insurance landscape
- 25/01/2019 - Getting smarter in the workplace
- 25/01/2019 - Pottery Firm Becomes Latest Target of Increasing Cyber Attacks
- 25/01/2019 - How Business Continuity is moving towards the cloud
- 10/04/2017 - Cyber Risk Calculator Launched to Help Businesses Calculate Data & Cyber Risks
- 10/01/2017 - Supply Chain Risk Management
- 05/01/2017 - 2017 Forecast for Motor Traders
- 21/12/2016 - Top tops for staying safe in the storms this Winter
- 16/12/2016 - Top Tips for Starting a New Business
- 09/08/2012 - Commercial Kitchens Fire Safety Advice
- 09/08/2012 - Directors and Officers Insurance - 10 Reasons Why You May Need It
- 24/07/2012 - What takes 45 seconds and can cost up to 2500 pounds?
- 24/07/2012 - The Secret to Donation Success for UK Charities
- 24/07/2012 - Why Are More Injury Claims Made When They Are Less Accidents?
- 19/07/2012 - Why Rain Equals Pain for UK Home Owners
- 19/07/2012 - How to Help Stop Your New Business Failing
- 19/07/2012 - Flooding and How You Can Reduce Damage
- 09/11/2011 - Budding Nursery Owners Reveal Their Worst Nightmares
- 09/11/2011 - Commercial Insurance Specialist Joins Northern Counties
- 09/11/2011 - Insurance Claims Specialist Appointed to Head Leading Brokers Claim Division
- 09/11/2011 - Staff the Key to Success for Region’s Business Insurance Broker
- 13/10/2010 - UK Businesses Offered Risk Free Way to Increase Profits
- 13/10/2010 - North East set to become UK Charity Insurance Capital
- 13/10/2010 - Staff Key to Success for North East's Leading Insurance Broker
- 15/12/2009 - Nursery Insurance and the questions to ask when buying
- 09/12/2009 - Nursery Insurance – how to get the very best deal
- 30/10/2009 - Top tips for buying community group insurance
- 27/10/2009 - Trustee Indemnity Insurance - how to protect charities trustees
- 27/10/2009 - Secrets finally revealed to cheaper motor trade insurance
- 26/10/2009 - Why you need trustee Indemnity Insurance
- 26/10/2009 - Essential tips for buying small charity insurance
- 23/10/2009 - The changing face of charitable gifts
- 22/10/2009 - Amazing facts that affect our children everyday
- 22/10/2009 - Risk Management advice for UK charities
- 20/10/2009 - What makes something the best in the world?
- 19/10/2009 - Why smarter charity promotion is needed
- 19/10/2009 - Online help for small charities hits the UK
- 15/10/2009 - Nursery insurance and why expert advice is essential
- 15/10/2009 - Is the gift of giving falling as christmas approaches?
- 14/10/2009 - Identifying risks in the charity world
- 14/10/2009 - Essential tips for running a small charity on a budget
- 13/10/2009 - Church insurance and why religion is becoming a risky business
- 13/10/2009 - Community group insurance experts explain the secrets to success
- 06/10/2009 - Charity insurance - the secrets to getting yours for less
- 06/10/2009 - Charity insuranceb brokers NCI explain why charities must embrace technology
- 06/10/2009 - Charities and their fight for survival
- 06/10/2009 - Charity insurance experts explain why charities are becoming twits
- 02/10/2009 - Charity Insurance – the questions to ask when looking for cover
