Babysitting is a great option, especially now if you’re job has been impacted by COVID-19. But before you start handing out flyers, make sure you read how babysitting could potentially impact your home insurance.
The discussion we’re having today is regarding babysitting children out of your own home. Whether that is you or your teenager, there are things you need to inform yourself on to ensure you’re protected when bringing other children onto your property.
Babysitting as a business
Babysitting is technically considered a job, so home insurance doesn’t always apply. Even though home insurance does generally offer some personal liability protection if someone gets hurt or anything gets damaged, it isn’t always guaranteed to be covered.
If babysitting from home is something you’re considering, make sure you speak with your insurance broker to understand what your current insurance policy includes and potential extensions you may need to add to protect yourself. In addition, make sure you inform yourself about ways you can make your home safer.
Understanding home-based business insurance
You may have the option of adding an extension for a home-based business onto your home insurance coverage. Every individual situation will be different as home insurance is not a one-size-fits-all situation. Discuss your specific options with your broker to determine if you can use any add-ons.
Additional precautions for teenagers
There are babysitting courses and certifications that your teenager should be getting to ensure they have the proper knowledge and experience to take on such a big responsibility. The Red Cross is a great resource for further information on these courses.