AIB Insurance Unveils New ISR Insurance Product Tailored for Licensed Childcare

[MAROOCHYDORE, QLD] – AIB Insurance, a leading provider of childcare insurance solutions, is proud to announce the launch of a new Industrial Special Risks (ISR) insurance product specifically designed for licensed childcare centres including kindergartens, preschools and property owners of. This product has been crafted to provide comprehensive protection that meets the unique risk exposures faced by childcare operators.
Available from Monday 2nd September 2024 for new business and 1st October 2024 for current AIB policy renewals.

Childcare centres are vital institutions that nurture and support early childhood development, but they face a wide range of potential risks—from property damage and equipment breakdown to business interruptions and liability claims. Recognising these challenges, AIB developed the ISR product to offer peace of mind and financial protection, allowing operators to focus on what truly matters—the children in their care.

Key Features of the ISR Insurance Product:

• Property Damage Coverage: Comprehensive protection for buildings, contents, and playground equipment.
• Business Interruption Insurance: Safeguards income and ensures financial stability in the event of disruptions such as fire, theft, or natural disasters.
• Local Australian Security: Underwritten by CGU Australia with local Australian claims handling.

Other highlights of the policy include:

• No minimum sum insured unlike many standard ISR policies
• Generous sub-limits for Machinery and Electronic Breakdown, Landscaping, Playing Surfaces and more

AIB Insurance is dedicated to offering insurance products that keep pace with the evolving landscape of the childcare industry. This new ISR product is available for licensed operators across Australia, and we encourage childcare providers to explore this opportunity to safeguard their businesses.

AIB is here to help your childcare clients secure the protection they deserve.

For More Information:
For further details about this ISR product for childcare centres, or to discuss how AIB Insurance can support your insurance needs, please visit our website https://www.aibinsurance.com.au/for-brokers/childcare-insurance-packages/
or contact:

Ella Hamilton
Wholesale Manager
07 5409 4629
Ella.hamilton@aibinsurance.com.au
www.aibinsurance.com.au