A lawsuit claiming abuse or mismanagement of funds could cause irreparable financial damage, and might even force you to close. Safeguard your small organization with affordable foster care center insurance.
These policies provide coverage for the most common foster care center risks.
General liability insurance covers common risks, such as a foster parent slipping on a wet floor. Bundle with property insurance for savings in a business owner’s policy.
A business owner's policy, or BOP, is a cost-effective way for foster care and child welfare organizations to buy general liability and commercial property insurance together.
This policy, also called errors and omissions insurance, can cover expenses if your foster care center is sued for negligence, such as placing a child in unsuitable housing.
Directors and officers insurance protects board members against legal expenses if they are sued for a decision made on behalf of your foster care center that led to financial loss.
Workers’ compensation insurance is required in almost every state for foster care centers that have employees. It can cover medical costs from work injuries.
Commercial auto insurance can pay for third-party property damage and medical bills in an accident, along with damage caused by theft, weather, and vandalism.
Foster care centers provide vital services to vulnerable youth. Between offering temporary housing and complying with regulations, you are exposed to risks that may trigger lawsuits from families and guardians. Foster care insurance can reduce the likelihood that the financial hit from a lawsuit will hinder your mission.
We also cover nonprofit organizations.