Category: Professional Indemnity

What should I know before deciding on full-day childcare

What should I know before deciding on full-day childcare?


There are certainly a lot of options for childcare available now. You can choose programs that are full-day or half-day. The Singapore Government has helped subsidized childcare through the Early Childhood Development Agency (ECDA). Parents can now take advantage of subsidies for their child’s early childhood education. The subsidies are often funneled through childcare centers. For you to make the right choice, it is important to get a comprehensive view of why governments have started funding childcare, what costs for childcare you should expect in Singapore, and what program would work best for your child. Different governments all over the world have seen the value of investing into childcare programs.

If you are looking for a preschool in Singapore, look no further. Boasting of a renowned curriculum and being the only preschool to be endorsed by Habits of Mind, Mulberry Learning Centre is the best choice for your child if you want them to have every headstart in life. Hesitate no more and check out their site here!

Kelly Pedro for writes about how the province of Ontario subsidized full-day childcare.


Governments have invested in full-day childcare


When Ontario gambled on full-day kindergarten in 2010, critics called it costly babysitting the deficit-plagued province couldn’t afford. Advocates – and many parents, freed of daycare costs – cheered. Read more here!


Educational psychologists and linguists have determined that the first three years of a child’s life affect them profoundly. Governments have responded to these findings by including childcare in their budget. Ontario, for example, has spent billions in subsidizing childcare. There are a lot of critics of the Ontario plan, especially from those who think it can put the government into crippling debt. Advocates see it as an investment especially for disadvantaged children. Return of investment for every dollar spent is at $1.5 to $3 and it doubles for the disadvantaged ones. Cognitively and emotionally, children who go through childcare do well in their early years and later in life. The key difference here is how these childcare programs are implemented. Strategies laid out for the program must encompass all aspects of childcare from the facilities up to teachers. It should take into consideration the parent, the children, and everyone else involved. How will this work in a nation like Singapore? An article in Straits Times written by Priscilla Goy provides a snapshot of the childcare industry in Singapore.


Singapore has ECDA to govern childcare centers


Both types of operators get government grants, but have to cap fees – at $720 a month for full-day childcare at AOP centres, and $800 for similar programmes at POP centres. Lower fees do not mean lower quality. Read more here!


The Singapore government has a lot of programs to support childcare. ECDA’s mission is to make sure all children grow up in a positive environment. They oversee everything that pertains to childhood education like licensing of childcare centers, subsidies, professional development of childcare providers, etc. The agency is also a good resource when choosing a childcare center because they have licensing information of the centers. The government has recently set aside a $5 million fund for childcare for the sole purpose of fulfilling ECDA’s mission. With the government subsidizing childcare, you will have a lot more options and centers to choose from. When you check a center, you will see different programs like full-day or half-day. The team in writes about the differences among the different programs and what you should consider when making a choice.


The best childcare program is the one that meets your child’s needs


Look through the class timetable, and understand what the children will be doing in school. Most childcare centres provide the core programme during the morning session. The afternoon session is usually occupied with routine care, such as shower, lunch, and naptime. Read more here!


Full-day childcare programs put core curriculums in the morning and routine care or some developmental activities in the afternoon. It is great for parents who are both working and no other caregiver is available for the child. Half-day programs may benefit younger children who may become apprehensive when away from home. Childcare fees are important to consider too. Most full-day childcare fees only slightly differ from half-day fees. If you are qualified for an ECDA subsidy, ECDA will directly give it to the childcare center and you will only need to pay the remaining amount. Full-day programs have more activities embedded in them but half-day programs may work too especially for younger kids. Everything depends on the needs of your child.


To conclude, governments stepping in to shoulder some of the costs for childcare may temporarily increase the deficit but if a well-built childcare plan is in place, the government will see returns for their investment. Singapore has ECDA to oversee all aspects of childcare, from licenses to teacher’s professional development. Overall, the country has a robust childcare plan that parents should take advantage of. There is definitely a lot of advantages if parents enroll their children to early childcare. Whether a child is enrolled on a full-day or half-day program, it all depends on their needs.

What Are The Hallmarks Of A Good School

What Are The Hallmarks Of A Good School?

With the world getting increasingly competitive, parents are greatly concerned about, how their kids are going to deal with it. It is for this reason, that parents leave no stone unturned when it comes to giving their children a good start to their academic life. Realising the apprehension of today�s parents, most modern schools try to give their students the best well rounded education that they can. This sophistication of educational amenities starts right from the level of nurseries itself, as vouched by increasing number of parents looking for an excellent nursery in Singapore. Today�s parents ask many kinds of questions when it comes to choosing a school for their wards. According to the experts, the measure of excellence of a school is not determined by the scale of its budget or the number of unique amenities that it offers. This article is going to shed light on those factors which the experts believe that they truly matter, when it comes to determining the excellence of a school. These factors can also be used to choose a Nursery School Singapore apart from the primary and high schools.

Presence of effective mentoring programs
While each school may implement the mentoring policy in different ways, the important thing is whether they have a mentoring program or not. Today�s students often encounter many challenges in their academic and personal lives. Hence, having a mentor is no longer optional. While having permanent mentors for every student is recommended, it is not a rigid requirement. As long as the students have someone to turn to, during the stressful times in their lives, it is okay. This will strengthen student�s ability to handle stress and sense of morality. Thereby mentoring programs go a long way in making them better citizens of the country.

Transparency in administration and communications
It is important for schools to have measures in place to prevent uncontrolled spreading of rumours. Rumours can be quite dangerous at times, both to students and the school itself. This is where; having a transparent administrative and communications policy comes in handy. As long as schools are open with their statements, parents and students will not have anything to worry about.

Student oriented measures and guidelines
A school commands respect in the society through the actions and achievements of its students. Hence, the values which a school embodies become very important both for the parents and students alike. This is why; experts recommend schools to design their measures and guidelines ,such that they are beneficial to the students more than anything else. When schools show that they value their students, the students will feel empowered and grow up to become responsible citizens.

In conclusion, the popular saying “every school is a good school” in SIngapore might not be exactly true depending on the definition of ‘good’. Hence, you should keep a lookout for the important factors that will help your child be confident, smart, and hardworking to take on the future world.

Finance Protection For Finance Professionals

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?

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?

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.