Nanny Insurance: Cost & Quotes From $15/mo

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Table of contents
1. Do Nannies Need Insurance?2. General Liability Insurance for Nannies2.1. What Are the Coverage Limits for General Liability?2.2. Can Self-Employed Nannies Get General Liability Insurance?3. Professional Indemnity Insurance for Nannies3.1. What Professional Indemnity Add-Ons Should I Take?3.2. What Are the Professional Indemnity Coverage Limits?3.3. Are Professional Indemnity and Professional Liability the Same Insurance Policy?3.4. What is Abuse and Molestation Coverage in Professional Liability Insurance?4. Commercial Property Insurance for Nannies4.1. What Are the Coverage Limits for Commer cial Property? 4.2. Do Babysitters Typically Need Commercial Property Insurance?5. Business Owner’s Policy for Nannies5.1. What Are the Requirements for a Business Owner’s Policy?5.2. What Coverage Limits Does Business Owner’s Policy Have?5.3. What Business Owners Policy Addons Are Worth It for Nannies?5.4. What Business Owner’s Policy Add-on Should I Get?6. Tools and Equipment Insurance for Nannies6.1. Coverage Limits for Tools and Equipment Insurance6.2. Is Electronic Equipment Covered in Tools and Equipment Insurance?7. Commercial Auto Insurance for Nannies7.1. What Are the Coverage Limits of Commercial Auto Insurance?8. Excess Liability Insurance for Nannies 8.1. Does My Primary Liability Need to Be Used up Before Excess Liability Kicks In?8.2. Do I Need a Separate Deductible for My Excess Liability Policy?9. Nanny Workers Compensation Insurance9.1. How Long Does It Take To Get Workers Compensation Coverage?9.2. Who Pays for Workers’ Compensation?10. Employer’s Liability Insurance for a Nanny 10.1. What is the Difference Between Employers’ Liability Insurance and Workers’ Compensation?11. Unemployment Insurance for Nanny 12. Nanny Insurance Cost13. Best Nanny Insurance Companies13.1. NEXT Nanny Insurance 13.1.1. Pros13.1.2. Cons13.2. The Hartford Nanny Insurance 13.2.1. Pros13.2.2. Cons13.3. CoverWallet Nanny Insurance 13.3.1. Pros 13.3.2. Cons13.4. Tivly Nanny Insurance 13.4.1. Pros13.4.2. Cons13.5. Thimble Nanny Insurance 13.5.1. Pros13.5.2. Cons13.6. Hiscox Nanny Insurance 13.6.1. Pros13.6.2. Cons

A home daycare isn’t always an option. There were over 169,000 nannies employed in the United States in 2021. The Congressional Research Service estimates that the average family spends over $4,000 a year on childcare every year. With childcare being an essential part of the American economy, it can often come with liabilities and exposures.  

If you employ a nanny or are a nanny yourself, you will want a comprehensive insurance policy that covers you where it counts. In this article, you will learn about the components of good nanny insurance and critical areas of interest, including:

  • The different insurance policies nannies need

  • Their function and policy limits

  • Cost of premiums

  • The best companies 

Do Nannies Need Insurance?

General liability is a good policy option for nannies because it covers some of the most common types of liabilities like personal injury and property damage. See some of the other categories of insurance that a nanny or babysitter might want for adequate insurance protection as described below.

General Liability Insurance for Nannies

CoverWallet NEXT (Best)Thimble HiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$300,000/$1,000,000$1,000,000/$2,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit $2,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit $100,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included

Nanny liability insurance will often include general liability coverage. This protects you from personal injury and property damage claims from your customers. Situations to use this policy include:

  • A nanny accidentally damages property in someone’s home that is not covered by a homeowner’s policy

  • While watching a kid, they accidentally damage one of that kid’s electronic devices

What Are the Coverage Limits for General Liability?

While these limits will vary by policy, you can typically get $1 million per occurrence and $2 million in aggregate coverage. 

Can Self-Employed Nannies Get General Liability Insurance?

Yes, Self-employed nanny insurance often will include general liability insurance because it offers protection for some of the most common business liabilities.

Professional Indemnity Insurance for Nannies

CoverWallet NEXTThimble (Best)HiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000$1,000,000
Aggregate limit $2,000,000$2,000,000$1,000,000/$2,000,000$1,000,000$2,000,000
Name additional insureds?YesYesYesYesYes
Waiver of subrogation included?YesNoYesCan be includedNo
HIPAA coverage included?NoNoNoNoNo
Sexual misconduct coverage included?NoNoNoNoCan be included
License defense coverage included?NoNoNoNoCan be included
Deductible $500$500$500$50/$10,000$500

Professional indemnity insurance policy  covers liabilities that are caused by mistakes you make in your nanny job. Some examples include:

  • You neglect to consider a food allergy that causes one of the kids you are watching to need medical care

  • You make a scheduling error that makes you unable to provide service to a client, which they sue you for

What Professional Indemnity Add-Ons Should I Take?

One critical add-on you might need is an extending period add-on that gives you more time to file claims in a professional indemnity policy.  This takes the stress off of trying to get a claim filed before the policy expires.

What Are the Professional Indemnity Coverage Limits?

Professional liability coverage limits for babysitters are typically around $25,000 to $50,000. However, with a larger policy, it can have an occurrence limit of $1 million or higher.

Are Professional Indemnity and Professional Liability the Same Insurance Policy?

Yes, professional indemnity is another name for a professional liability insurance policy. Another name for this type of policy is errors and omission insurance.

What is Abuse and Molestation Coverage in Professional Liability Insurance?

Abuse and molestation policy add-ons would be a good pick-up for nannies since they will often deal with kids. This policy protects you from costs associated with being accused of abusing one of the children you are in charge of.

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Commercial Property Insurance for Nannies

CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
Building coverage limit (minimum)$50,000$340,000$25,000/$500,000$35,000$25,000
Contents coverage limit (minimum)$50,000$35,000$25,000/$500,000$35,000$15,000
Outdoor signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivable ExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded

Insurance for nannies and babysitters with commercial property protection will cover the costs if your business property is damaged. It also covers personal business property that is on or near your business premises. Some examples are listed below.

  • A thief breaks into your business property and steals a laptop you use for your business

  • Constant winds or hails causes you to need to replace some parts of your business building

What Are the Coverage Limits for Commercial Property?

Commercial property coverage limits average around to about $60,000 for the duration of the policy.

Do Babysitters Typically Need Commercial Property Insurance?

Since babysitters often conduct some business activities from home, they might want to look into babysitter insurance that features home-based business coverage instead. This similar policy is tailored to protect home business owners and their unique needs. 

For nannies, insurance for nanny in home of their clients may not need this coverage since they are often considered employees and are protected under insurance policies that the homeowner has.