Pelican’s Childcare Centre in Cairns has recently been found liable to pay compensation to the family of a 20 month old boy who severely cut his fingers on a set of tongs under their care. After a visit to the emergency ward of Cairns Hospital, his single mother, Ms Villaflor, had to take a fortnight off work to care for her child. Villaflor asked the Centre to reimburse her for lost wages, which the manager originally disputed. Consequently, the company was held accountable and had to pay Villaflor’s lost wages, amounting to six days worth of pay – which was covered by their insurance company.
This example illustrates the importance of having a comprehensive insurance policy in place when operating within the childcare industry. Whether you run a Childcare Centre, Kindergarten, Pre School, Before & After School Care, Vacation Care or Home Based Care, you should consider the variety of risks to which your business is exposed. A comprehensive insurance policy can cover your business and staff for a number of risks, including:
- General liability coverage that protects you if someone claims you caused their injury, and pays to defend you if you are sued.
- Hard-to-find liability coverages, such as sexual abuse/molestation, child care providers/teachers professional, and corporal punishment.
- Comprehensive property and business interruption cover that covers you whether you rent or own your premises, including storm, flood, theft and temporary accommodation
- Entity liability and employment practices liability cover.
Speak to an experienced PSC Connect Authorised Representative to obtain the right insurance cover for your childcare business. They can assess your specific needs and recommend the best value insurance solution with the highest standard of cover for your business.
Conditions apply for each policy and the information expected from you for a policy to trigger. Coverage may differ based on specific clauses in individual policies. Please ask your broker to explain the additional benefits and exclusions pertaining to your policy.
The information provided is general advice only and does not take account of your personal circumstances or needs. Please refer to our financial services guide which contains details of our services and how we are remunerated.