This article looks at what childcare providers can do to make sure they get the protection and peace of mind they need in the form of business insurance cover without paying too much for it.
One secret nurseries, schools and other childcare providers can use to get the best protection is ask questions. So many people ring around looking for Nursery, Pre-School or Kindergarten Insurance and spend the entire conversation answering questions. The third secret is therefore ask questions to find out if the broker or company you are speaking to provides not only the right cover and premiums but also the right level of customer service and support.
Types of question you might want to ask include, if you suffer a loss and need to claim what will they do to help? Will they just give you a telephone number and leave you to deal with it on your own or will they help you so you claim is dealt with quickly and your claim is settled quickly and favourably? You might also want to find out if the insurance provider is experienced or specialises in nursery or school insurance. You can do this by asking how long they have been trading and if they are a broker, which companies do they use. Finally, if they are insurance brokers you may want to find out if they are independent. That is, do they have access to different types of policy and company or are they tied into using just one? And if they have access to just one, is this right for your school or nursery?
By getting answers to these types of questions you can then a make a decision on whether you would like to deal with them (and whether you trust them to act on your behalf.)
The final secret to making sure you get the best from your insurance provider is another which Nurseries, Pre-Schools or Kindergartens who are focusing just on price may neglect.
Nurseries, Pre-Schools and Kindergartens who make the decision on where to place their insurance on price alone should bear in mind that the cheapest premium is not always the best.
Whilst getting a low nursery insurance or school insurance premium is one of the most important things to look for, a really cheap premium without a combination of other factors is probably cheap for a reason. Things you may want to know about the provider as well as their ability to get a cheap premium include, are they local? Are they friendly and approachable (we all like to do business with people and businesses we trust and like). Which insurance company will your be insured with? Have you heard of them? What is the excess or deductible? Making sure you know the excess and that it is affordable in case you do suffer a loss is vital.
A couple of other things you want to know and look for are do they have a good reputation and do they communicate the benefits of their products and service to you in a way you understand.
If you follow these 2 simple secrets there is every chance your experience when dealing with Insurance for your Nursery, School or Kindergarten will improve. And whilst Insurance is unlikely to become your number 1 hobby there is every chance the cover you get will be what you want, the premiums you pay will be less than your nursery or school has paid previously and the service you receive will be one you would be happy in giving and one you would be happy to recommend.
There is nothing more important than making sure our children are protected at all times so good luck in your search for the best protection for your nursery or school.