- $0.00
Under the new Employment Agency (EA) Regulatory Framework implemented in April 2011 by Ministry of Manpower, Employment agencies with a Comprehensive Licence will be required to furnish a security deposit of between $20,000 and $60,000. (See Below)
No | Description | Security Deposit Requirement |
1 | All employment agencies with a Comprehensive Licence, unless they meet (2),(3) or (4) from this table | $60,000 |
2 | Employment agencies that placed 200 or less Work Permit and S Pass holders in past 12 months | $40,000 |
3 | Employment agencies that accumulated 3 or less demerit points in the past 12 months | $40,000 |
4 | Employment agencies that meet both (2) and (3) from this table | $20,000 |
We have designed a Package that not only assists you to fulfill the above requirement and also provide you and your staffs with a comprehensive coverage at competitive premium.
Section | Description | Sum Guaranteed/Limit (S$) |
1 | Banker’s Guarantee | Package A – 20,000 |
2 | Personal Accident | 10,000 |
3 | Medical Coverage | 5,000 |
4 | Work Injury Compensation | Work Injury Compensation |