All nurseries must have insurance in case one of the children in their care gets hurt. Many places now require nurseries that care for children to have a certain type and amount of insurance. If you don't know what you're doing, insurance is one of the hardest things to buy. Insurance contracts are written in hard-to-understand language, and most of the time you need a lawyer to explain them.
Most nurseries don't have the time or money to do the research that would be needed to find an insurance plan that fits their needs. The best thing a nursery can do is hire an insurance brokerage firm to help them find the right insurance plan.
An insurance brokerage company has a large network of contacts at insurance companies that they can use to get the information they need to find the right plan for the nursery. A company that sells insurance can also make sure that, if a claim needs to be made, the nursery gets the money it is owed. Insurance brokerage companies do a lot of business with insurance companies, so they can use their position to get a much better price than a nursery can get on its own. The brokerage company can also help to explain the terms of each plan in an easy to understand language, so the nursery can make sure they pick the one that is best for them. The best thing about an insurance brokerage company is that they work directly for the nursery, so they will do everything in their power to do what is best for the nursery. If the nursery comes up with a plan on its own, they will have to fight for themselves. All nurseries need to have insurance, but they don't have to make this very important choice on their own.
