Your agency is responsible for the well-being of children and their families, which comes with a high risk of lawsuits. Business insurance helps cover expenses when a child is injured, or when a family sues an adoption agency for negligence or wrongful adoption.
These insurance policies cover the most common risks of adoption agencies.
A general liability policy covers basic risks, such as a visitor slipping on an agency’s wet floor. Bundle it with property insurance for savings in a business owner’s policy.
This policy covers legal costs if your adoption agency is sued for negligence, such as failing to disclose a detail about an adopted child's history. It's also called errors and omissions insurance (E&O).
A business owner's policy, or BOP, is a cost-effective way for adoption agencies to buy general liability coverage and commercial property insurance together.
Directors and officers insurance (D&O) protects board members and officers from legal expenses if they are sued for a decision they made on behalf of an adoption agency.
Most states require workers' comp for adoption agencies that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance covers property damage, legal fees, and medical bills in an accident involving a business vehicle. Each state has its own requirements for auto liability insurance.
It's easy to get adoption agency business insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your adoption services, whether your focus is domestic adoption, international adoption, or children with special needs.