27 Mar 2020

Coronavirus: ECE to get insurance payouts

From Morning Report, 6:21 am on 27 March 2020

Hundreds of childcare centres will be paid tens of millions of dollars for loss of income during the Covid-19 crisis thanks to a special insurance deal.

The unusual arrangement with their insurance broker, Crombie Lockwood means individual childcare operators will get a payout of up to $62,500 each.

The chief executive of the Early Childhood Council Peter Reynolds told Sharon Brettkelly 1300 of its members are insured through the broker.

Crombie Lockwood says it has been working with Lloyds of London to ensure that all Child Proof policy holders are honoured up to the expiry date of their existing policies.