It’s impossible to predict the future, you never know when a natural disaster or emergency can occur. While you can’t prevent all emergencies, you can protect the children in your care, your family, and your business by having adequate insurance protection. This resource by Child Care Aware and Tom Copeland summarizes four types of insurance policies and why they are necessary to have.
How Insurance Protects You in an Emergency
An essential factor of operating a business out of your home is the time-space percentage helping determine the business portion of expenses used for business and personal purposes. The time/space percentage is calculated annually by taking the total number of hours you care for children in your home, the total number of hours you spend on business-related activities when children are not present, and the total number of square feet used for your business. This time tracker sheet will help you track your hours, ensuring that all your time (both with and without children) is included in the time-space calculation.
To use this time tracker, simply print out a copy for each month. Every day write down when the first child arrives when the last child leaves, calculating the time when children are present. Then write down the amount of time you worked on the business when children were not present. We have left some of the columns empty for you to add your own tasks/activities; remember, they must be activities for the business and inside your home. After adding the hours for each day, you will get a final number at the end of the month.
Town Square has joined Myrtle’s Club as a resource to support child care providers.
“Myrtle’s Club™ was designed to support child care providers by making available high quality training opportunities on topics ranging from curriculum to business basics, services that support the business side of child care, and to increase the purchasing power for our providers. By assisting child care providers in this way, the YWCA is helping support providers on the path to improving quality and educational programs for their students.”
As a provider who is a member of the Myrtle’s Club network, you can access training, professional development, business support services, as well as materials and resources that help you maintain your licensing and enhance your work at a discount. Check out what is available and the membership levels at: YWCA of Metropolitan Chicago: Myrtle’s Club.