If you’re a childminder, you may notice that finding home insurance can be tricky and expensive. It needn’t be and find out where to find the best deals below.
You may be thinking why I am I writing a post on home insurance for childminders? After all, it’s quite a niche topic. Well, my wife is a childminder and finding suitable insurance was something I struggled with for many years.
Before we decided to sacrifice all peace in our house, when it came to insurance, I would enter our details into a comparison site and choose the best deal. Unfortunately, that doesn’t work if you run a business from home. Many insurers will refuse to give you cover as they see you as a higher risk.
Let me tell you, there is far more carnage (and risk of breakage) in my house when we have friends and family around most weeks, compared to having a couple of other people’s youngsters toddling around the house.
I am not willing to pay through the nose for insurance, especially when my wife already pays for public liability insurance.
So I gave up on comparison websites. I took a look at some specialised companies that offer home insurance for childminding but found they often charged more.
Trawling through home insurance providers, I found a pleasant surprise. Direct Line had this little gem in their T&C’s:
That’s right, in Direct Lines’ eyes, childminding is not counted as proper work (joking)! The good news is you can mind from home without penalty. No longer do you need to pay extra, for what is very little risk.
I called Direct Line to check the above and they confirmed that minded children are treated as your own.
Any other companies offering home insurance for childminders?
Another company you can look at is Churchill. This is another mainstream provider and will offer a very competitive price.
Both Churchill and Direct Line are underwritten by U K Insurance Limited. This basically means that they all provide exactly the same product, just at slightly different prices.
When you come to renew your insurance, I recommend getting quotes from both of these insurance providers. This year, my renewal with Direct Line came in at over £50 more expensive than the previous year. I called them and said another company had offered a renewal at last year’s price (a little white lie) and they matched it.
I had to change this post slightly as until 2017, Nationwide was also underwritten by U K Insurance Limited. However, they changed their underwriters and child minding is now considered a business. That means they’re no longer any use to us!
Any other discounts?
Make sure you check cashback sites before getting quotes. In my experience, both companies appear and disappear from there fairly frequently. At the time of writing, Direct Line is the only company available on TopCashback, offering £10.50 back.
Take a look at my page if you want to know more about cashback sites.
Also, take a look at my review of the Hoop app. It’s free and allows you to find local groups – a great help to any childminder!
I would love to hear back from anyone that has any other ideas when looking for home insurance for childminders.