ScribbleSpark team research on Types of Insurance
1. General Liability Insurance
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What it covers: Injuries (slips, falls), property damage, legal claims by third parties (like visiting parents).
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Why you need it: Kids are unpredictable. If someone gets hurt or property is damaged on your premises, you’re covered.
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✅ Highly recommended even for home-based operations
2. Public Liability Insurance (India-specific)
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What it covers: Legal liabilities towards the general public for accidental harm, illness, or property damage.
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Why you need it: Mandatory in some states for public spaces and educational activities.
3. Professional Indemnity Insurance
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What it covers: Claims of negligence related to services (e.g., a parent claiming your activity harmed their child’s development).
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Why you need it: If you’re advertising yourself as an educational or enrichment space, this provides legal protection from professional disputes.
4. Property & Contents Insurance
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What it covers: Damage or loss due to fire, theft, flood, etc. — for books, toys, furniture, electronics.
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Why you need it: You’ve invested in building a creative space; this protects your physical assets.
5. Fire & Special Perils Insurance
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What it covers: Damage due to fire, short circuits, lightning, or natural calamities.
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Why you need it: Especially important if your library operates in a residential or converted space.
6. Workers’ Compensation / Staff Insurance
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What it covers: Medical costs or injury compensation for your employees.
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Why you need it: Required if you’re hiring staff like facilitators, helpers, or cleaning personnel.
7. Group Personal Accident Cover (Optional)
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What it covers: Accident/injury cover for enrolled kids (for peace of mind, and can be part of your pitch to parents).
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Why you need it: Optional but builds trust — can be built into the pricing as a small add-on.
📦 Insurance Package Summary:
| Insurance Type | Must-Have? | Suggested Amount |
|---|---|---|
| General Liability | ✅ Yes | ₹5–10 Lakhs minimum |
| Public Liability | ✅ Yes | ₹5+ Lakhs |
| Professional Indemnity | ✅ Yes | ₹5+ Lakhs (depends on risk exposure) |
| Property/Content Insurance | ✅ Yes | Based on asset value |
| Fire & Special Perils | ✅ Yes | Based on premises |
| Employee / Workers’ Insurance | ✅ Yes | ₹1–2 Lakhs per employee |
| Group Personal Accident (Kids) | 🟡 Optional | ₹50K–1L per child (group policy) |
📝 Pro Tip:
When buying insurance, bundle policies from one provider (like ICICI Lombard, HDFC Ergo, or Tata AIG) to get discounts and simplified paperwork
