Car insurance for nanny

[Anonymous]

How do families deal with car insurance for nannies who occasionally drive kids to the park or library (no other errands or driving is ever needed) in the nanny's own car?

[Anonymous]

Get an umbrella policy that covers you up to at least your net worth whether or not you also pay for her car insurance up to limits you feel are reasonable. I am not kidding. Our financial adviser told us about a Chevy Chase couple who had to file for bankruptcy when their nanny was involved in a fatal accident. If she is driving for you during working hours, the other person's insurance can come after you, and likely will, since you have deeper pockets, presumably.

[Anonymous]

Anonymous wrote:Get an umbrella policy that covers you up to at least your net worth whether or not you also pay for her car insurance up to limits you feel are reasonable. I am not kidding. Our financial adviser told us about a Chevy Chase couple who had to file for bankruptcy when their nanny was involved in a fatal accident. If she is driving for you during working hours, the other person's insurance can come after you, and likely will, since you have deeper pockets, presumably.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:Get an umbrella policy that covers you up to at least your net worth whether or not you also pay for her car insurance up to limits you feel are reasonable. I am not kidding. Our financial adviser told us about a Chevy Chase couple who had to file for bankruptcy when their nanny was involved in a fatal accident. If she is driving for you during working hours, the other person's insurance can come after you, and likely will, since you have deeper pockets, presumably.

+1

Same for au pair employers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Get an umbrella policy that covers you up to at least your net worth whether or not you also pay for her car insurance up to limits you feel are reasonable. I am not kidding. Our financial adviser told us about a Chevy Chase couple who had to file for bankruptcy when their nanny was involved in a fatal accident. If she is driving for you during working hours, the other person's insurance can come after you, and likely will, since you have deeper pockets, presumably.

+1

Same for au pair employers?

Yep.
I think everyone should have an umbrella policy, for sure, but obviously those who are in a respondeat superior situation (au pair, nanny, etc) really NEED it. And it's usually pretty cheap. We pay less than $300 a year for 2.5 million in coverage on top of our homeowners and auto.

[Anonymous]

Your nanny should also had a Ryder to her insurance to cover your children. I'm a nanny and the Ryder only costs $25 more a month but worth every penny

[Anonymous]

Anonymous wrote:Your nanny should also had a Ryder to her insurance to cover your children. I'm a nanny and the Ryder only costs $25 more a month but worth every penny

What type of rider is this?

[Anonymous]

Anonymous wrote:Your nanny should also had a Ryder to her insurance to cover your children. I'm a nanny and the Ryder only costs $25 more a month but worth every penny

If your employer wants you to use your car to transport their children then they should be paying for the rider, not you.