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Employment Agency Insurance Package
  • $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
               Package B – 40,000
               Package C – 60,000

2

Personal Accident

10,000

3

Medical Coverage

5,000

4

Work Injury Compensation

Work Injury Compensation
                Act/Common Law