Provide is the easiest way to insure their tuition centre business. With our online platform, you can get comprehensive & affordable protection, in just minutes.Â
As an entrepreneur running a tuition centre, you’re responsible for ensuring that the children precious children. However, if the children you’re taking care of get injured or sick, childcare providers can face serious litigation issues. Childcare centre staff and their wards are also at high risk of Covid-19 infections.
Coverage | Explanation | Importance for tuition centres |
Protects you from lawsuits related to educational work | Critical | |
Protects your tuition centre against property damage, e.g. fire, explosions, certain types of water damage, etc. | Critical | |
Protects you against liability to third-parties for property damage or injuries. E.g. clients slipping & falling in your office due to you negligently leaving the floor wet. | Critical | |
Protects your employees if they suffer work-related injuries/sickness. | Legally required for all manual workers, or workers who earn <$2,600/month  | |
Provides cash benefit if you cannot operate your tuition centre due to covered reasons, e.g. fire at your office. | Very good to have | |
Covers medical expenses for foreign workers. Pays for hospitalisation and surgery. | Legally required for foreign workers. |
Property damage:
You’ve probably invested a good sum of money into renovating and renting your tuition centre. If a fire or water damage were to strike your tuition centre, you could suffer large financial losses trying to repair your premises. With Commercial Property Insurance, you would be well protected against such major risks.Â
Commercial Property Insurance would cover your premises against fire, explosions, certain kinds of water damage, and more. It would cover your renovations, fixtures & fittings, electronic equipment like computers, and other miscellaneous belongings.Â
Employee injuries:
Under Singapore law, businesses are legally responsible for compensating their employees for all work-related injuries/diseases, including work-related Covid-19. Businesses are liable to pay their employees up to $45,000 for injuries/diseases, and up to $289,000 if they suffer disability. These are large amounts. Work Injury Compensation Insurance would pay for these large expenses that you’re obligated to pay. WICA Insurance is also legally mandatory for employees earning $2,600/month or less, or any worker who performs manual work regardless of salary level.Â
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Commercial Property Insurance: You should have at least $100,000 to $200,000 coverage. You will need enough coverage to pay for: renovations, fixtures and fittings, equipment, food/drink inventory, and furniture. If you operate a large childcare centre (e.g. you have your own standalone building), consider at least $500,000 coverage and above.
Public Liability Insurance: Childcare centres will typically carry $1 million coverage, and above.
Foreign Worker Medical Insurance: You must purchase Foreign Worker Medical coverage for all foreign workers (S-Pass and Work Permit holders, only). Coverage is a minimum of $15,000 per foreigner.
Coverage | Coverage amount (example) | Premium |
$100,000 | From $42/month | |
$100,000 | From $19/month, for a comprehensive Tuition Centre Insurance Package deal  | |
$500,000 | ||
$10 million common law annual limit  $45,000 medical expenses cover per worker | ||
$10,000 | ||
$15,000 | From $6/month, per worker |
