Difference between preschool in singapore and Playgroup
July 20, 2017
Most people are still confused between the terms preschool in singapore and playgroup; however, these are two separate institutes that each has their own importance for your childs development.
Pre-nursery is an institute that is meant for children between infancy and formal school education. This is a generic term for any type of institute that forms a part of the childs elementary learning system. These are institutes that help prepare the child for kindergarten. These institutes aim to provide your child with both cares as well as education. Most of these institutes are integrated with some form of childcare.
Playschools, on the other hand, refers to an informal type of nursery school. It is for those children who are too young to start studying in elementary school. They only operate for a few hours during the regular school term. These institutes mainly focus on the development of your child through play. They make sure that the childs development of abilities and skills is a fun process that will help them easily transition into kindergarten.
Types of pre-nursery
Montessori: this is a type of pre-nursery that was developed by Maria Montessori meant for the development of the childs senses
Waldorf: based on the teachings of Rudolf Steiner
Reggio Emilia: these types of schools encourage the child to explore and lay more focus on the importance of self-expression and community.
Bank Street: this type of school focuses on teaching through hands-on activities.
Types of play groups
These can be divided into groups based on the different age groups and organized by different people.
Advantages of pre-nursery
They help build a great foundation for future academic learning.
These institutes help in the childs grasp of phonics and reading skills.
They encourage interaction between children
They also help your child develop social skills
Advantages of playgroups
They allow kids to meet and interact with other children
The children learn to spend a little time away from their parents and in the company of other adults which helps the child to learn to trust adults but also makes them independent
Playgroups help the child build up their self-confidence that is a very important factor for the overall development of the child.
These playgroups help the child learn simple skills by fun-based methods that keep the child interested in what is being taught to them.
It doesnt matter whether your child is currently in pre-nursery or playgroup both of these institutes help the overall development of your child.Visit https://www.brightjuniors.com.sg/curriculum/playgroup-pre-nursery/ OR Apply now OR RSVP now to enrol your child in a playgroup.
Finance Protection For Finance Professionals
February 12, 2017
Professionals in the field of finance are experts when it comes to numbers. Accuracy in the work is an indispensable attribute that clients expect and depend on. Integrity is another thing that clients expect, since they are entrusting their finances in the hands of a professional. Accurate and honest work builds goodwill, which needs to be protected at all costs since it is the foundation of a successful business.
However, it is not uncommon for even highly qualified and experienced professionals to make mistakes sometimes. Even after the numbers have been double-checked, there are times when errors may go unnoticed. In such cases, clients may file claims of negligence, which may damage the individual professional or the firm’s reputation as well as finances. So, while maintaining client’s financial health, finance professionals also need to protect their own finances. This can be done with a professional indemnity insurance (PII) coverage.
Who needs PII and what protection does it offer?
Finance professionals like accountants, tax preparers, bookkeepers, and small and mid-sized accounting firms need to get coverage against liabilities that arise due to errors and omission committed by them while performing their professional duties. Malpractice lawsuits are very costly and may prove too expensive for individual professionals or small firms, maybe even leading them to bankruptcy and debt. Getting PII is the primary way in which to protect your practice against any malpractice suits. Also, having PII coverage is often a prerequisite for clients considering employing a professional service. Some professional associations also require individuals or firms to have PII coverage as a condition for membership.
Professional indemnity insurance will cover the cost of the lawsuit and pay for any settlements that need to be made. Even minuscule errors or omissions in financial work can lead to heavy losses for clients, so it is understandable that they will want to shift the burden of that loss to the finance professionals responsible for those mistakes, even though they were made unintentionally. Some of the types of mistakes that can be covered by PII are:
- Delivering service that is unsatisfactory or subpar in quality to what was assured, like forgetting to file a client’s tax form in time,
- Negligence, such as failure to include certain information that should have been included,
- Any advice given that causes financial loss for a client, and
- Any errors or omissions.
Even when a claim may be wrongly brought against a professional, a PII will cover any costs that occur in the process of investigation and legal expenses.
What Is Personal Insurance?
December 18, 2016
Personal insurance is a type of insurance cover that protects the life and property of an individual or person against the risk of loss, harm or damage due to natural and/or unforeseen events or contingent reasons. The insurer or the insurance company undertakes the responsibility or liability to compensate or indemnify the insured party for the loss and damage caused to his life or his property and personal belongings due to various reasons that will be covered in the insurance policy. The insured party pays the insurer or the insurance company a certain sum of money, called the premium amount, for a certain period of time as per the terms and conditions of the personal insurance contract.
Some of the common types of personal insurance are:
- Life insurance
- Motor insurance
- Accident and health insurance
- Home insurance
- Travel insurance
What is life insurance?
Life insurance is the most common and important type of personal insurance available today. It is the protection given to the life of a person and compensates or indemnifies the relatives and dependents of the insured party on the death of the insured. The value of a person cannot be determined in monetary terms so there are various types of insurance policies available and the amount of premium payable depends on upon the party who is getting insured. He can assess his net worth himself and determine a suitable premium amount for himself and can pay the same to the insurance company.
What are the advantages of life insurance?
- Risk cover – life is full of uncertainties and unforeseen circumstances so life insurance ensures that your loved ones will be well taken care of even after your demise.
- You can plan each stage of your life – life insurance not only insures your life but provides financial support in each and every stage of your life, like your children’s education, marriage, building a home, retirement, etc.
- Covers health-related expenses – some life insurance policies provide health and medical insurance cover along with them and pay for hospitalisation bills, medicines and expensive lab tests and scans for treating critical ailments and diseases.
- Induces the habit of saving – a life insurance policy will inculcate the habit of saving for you, especially if you are a spendthrift. Any insurance policy will require you to pay a certain amount of money periodically towards the policy as premium and this acts as long term savings in the bank.
- Assured income during retirement – life insurance helps in retirement planning and provides a steady source of income during your years of retirement when you are not able to work and earn an income.
Allegiance is an insurance company in Singapore that deals with various kinds of personal insurance as well as professional indemnity insurance in Singapore.
Is Professional Indemnity Insurance A Necessity
December 7, 2016
The time has come where every single person who runs a business needs to have suitable insurance. Professional indemnity insurance protects individuals and their business from any claims from clients based on non-performance. Breach of trust or even a lack of attention can be a cause where customers flex their muscles and file suits for professional misrepresentation. It is therefore relevant to ensure that you are covered with this form of insurance or you may be taken to the cleaners. Starting out on a new business venture has its advantages and it is essential to be smart or someone out there may just try to outsmart you because of whatever reasons.
The threat of a potential lawsuit is real today and whether we like it or not, it is here to stay. To protect the business against any legal claims because of negligence, breach, inadequate advice or service is a cause that a client can claim. With the right liability insurance cover, that provides a wide umbrella and acts as total protection for personal injury, damage to the business and any loss whatsoever. You can be ready for any case thrown at you. By being smart, a professional may not have to be worried about any potential claims, which is very real in the business environment of today.
To protect the reputation of a business, it is important to have professional indemnity insurance. Most people prefer to settle cases out of court but if there is a lack of insurance coverage, the business can lose out big time and suffer from serious economic losses. It may appear easy, at the time, to retain the professional reputation of the business, but the long-term impact can cause serious concerns later. The insurance coverage allows the business to pursue legal options to defend the reputation and provide a security blanket.
To protect the business against any legal claims in the future, drawing up a legal document in case of an eventuality can benefit the firm down the line. By indemnifying your personal integrity and protect the business from a claim, you keep all your ducks in a row. The financial risk is taken into account, any property damage and in general, you and the business are insured.
Litigation itself is quite expensive and therefore makes the indemnity insurance cover a necessity. Read up on the website www.allegiance.com.sg for more details on the various forms of insurance and get an idea about what best suits you.
Basic Facts about Professional Indemnity Insurance
December 5, 2016
In case you are accused of providing insufficient designs, services or advice to any of your clients, cover can be provided by the professional indemnity insurance against the legal expenses and costs for defending such claims and for any compensation that is due to be paid to your client for correcting such a mistake.
No matter how experienced your firm is, the probability of you or your team making a mistake cannot be ruled out completely. Professional indemnity insurance policy can cover against different types of scenarios like:
- Libel and defamation
- Committing a mistake while working for your client such as professional negligence
- Breach of confidentiality and breach of copyright, though done unintentionally
- Data or documents loss
- Losing money or good either for that you have a responsibility or for your own
Is professional indemnity policy compulsory?
According to the regulatory requirements of the industry bodies, PI insurance is needed by many industry bodies. Some of them include surveying, engineering and accountancy. Professionals who work on a contractual basis including IT contractors, business consultants and management consultants may definitely require PI insurance so that a contract can be awarded.
Even though you may not be obliged by law to avail PI insurance, if there is not one, you may end up paying several thousands of dollars, as well as legal fees, for defending your claim.
Irrespective of a business size, small or big, if you do not have a PI cover, you may end up having a financial vulnerability when a claim is filed against you. While it is true that many professionals try to provide the best possible services, mistakes cannot be avoided. Moreover, when sufficient coverage is in place, you can feel relaxed that your company has been covered.
Is professional indemnity coverage needed by you?
If you are in the profession of providing service, designs and advice to your clients, a serious consideration should be given for availing professional indemnity policy.
Though most organizations usually have amicable association with their clients, an error in an assignment can alter the working equations overnight. Your client may suffer from a big financial loss after your carelessness and they may ask for compensation in lieu of that. Selecting a professional indemnity coverage limit is based on the circumstances of your firm. When you require PI coverage for a particular contract, it is possible that your client must have agreed to a minimum amount. The same may apply to industry bodies so you should check before getting a cover.
Features of a good corporate insurance
November 9, 2016
An insurance is a way of protecting yourself from financial loss. A corporate insurance can be defined as an insurance that protects business from financial losses due to some sudden crisis and circumstances that may occur during the course of the business, thereby disrupting the smooth flow of the business. In corporate insurance coverage, there are various kinds of insurance that cover different types of monetary damage, like legal liability, damage to property, employee-related risk; that is, risks that may be posed to the employees during their tenure in the company.
Before talking about a good corporate insurance, one should be familiar with a few common terms that are majorly used in the insurance industry.
An insurer is the legal entity that provides the insurance. It is also known as an insurance agency or insurance company. The person or company that buys the insurance is known as the policyholder as the person or company is duly insured. The insured pays a small amount as interest to the insurer with the assurance that in case of monetary loss, the insurer will compensate the insured. The small amount, that is paid like an interest, is known as the premium.
Good Corporate Insurance:
There are many types of corporate insurance in Singapore. However, there are certain features that qualify a corporate insurance as a good corporate insurance.
The insurance should be an all-round package that provides solutions to both big and small and medium sized enterprises. It should have a wide range coverage. The coverage should be so varied that the customer can pick and choose according to their needs. The sum insured should be in sync with the type and size of business. The solutions provided by the insurance should be tailored to suit individual needs. There should a provision for good customer service.
Apart from these advantages, a good corporate insurance in Singapore should provide some key benefits. The insurance should cover any kind of material damage like theft, burglary, accident. There should be coverage for any kind of interruptions in business caused due to some crisis situations. There should schemes to cover public liability as well as personal damage. Above all, corporate insurance should provide workmen compensation in case of need.
Thus it can be said that if a corporate insurance has these qualities, then it is a good corporate insurance and can be availed by both big and small companies.