A statutory compulsory insurance under Article 31-2 of the Infant Care Act, covering bodily injury and property loss to infants during care, transport and meals, and third-party loss during facility operation. Non-compliance draws suspension of the childcare business and a fine.
N2N Insurance Brokerage does not represent any single insurer — it independently represents the client as an FSS-registered broker (Reg. No. 2026-012201). We compare the wordings, rates and service of AIG · Chubb · DB · Hyundai · KB · Meritz to propose the cover and price best suited to your risk. Each insurer's full wording is provided at application and binding.
A statutory compulsory insurance under Article 31-2 of the Infant Care Act and its Enforcement Decree; all daycare centres — public, private, home, workplace and cooperative — are subject. It covers incidents across operations: child bodily injury during care, school-bus accidents, meal food poisoning, facility defects and more.
Run by local government, with public-servant and contract carers.
Insured under the founder's responsibility.
Small-scale, 20 children or fewer.
Attached to companies, universities or apartment complexes.
| Infant bodily injury | Death/disability per person KRW 100m / injury KRW 15m |
|---|---|
| Third-party liability | per occurrence KRW 100m or more |
| Food | A separate food-poisoning limit is recommended |
| Carer injury | Compensation for injury at work |
|---|---|
| Field-trip extension | Extension for outdoor-activity incidents |
| Infectious disease | Condolence payment on a notifiable disease |
| Fire add-on | Combined facility fire-damage cover |
| Policy period | 1 year |
|---|---|
| Insurers | AIG · Chubb · DB · KB · Meritz · Hyundai comparison quotes |
| Limit | KRW 100m per person / KRW 100m–500m per occurrence recommended |
| Turnaround | Same day to 2 business days |
| Statutory basis | Infant Care Act Article 31-2, Enforcement Decree Article 24 |
If the insured event had already occurred when the contract was concluded, the contract is void. However, where the contract is void due to the company's wilful act or negligence, the company refunds the premium plus an amount calculated at the policy-loan rate on an annually compounded basis for the period from the day after payment to the date of refund.
The specific losses not covered (exclusions) are set out in each insurer's policy wording and product description; on this page, see the “Cover” tab sets out the main exclusions.
The company provides cover, in accordance with the policy, from the time it accepts the application and receives the first premium onwards, cover applies as set out in the policy.
The application must be completed and signed by hand by the policyholder; for online cyber-malls, an electronic signature may be used instead.
When applying, the policyholder, the insured or their agent must truthfully disclose to the company the facts they know about the matters asked in the application (including the questionnaire). Otherwise a claim may be refused or the contract cancelled.
If, after the contract is concluded, the risk changes markedly or the subject of the insurance is assigned, transferred or altered, you must notify the company in writing without delay and obtain confirmation on the policy.
If, after applying, the policyholder did not receive the policy/application or a handwritten signature was missing, then from the date the contract was formed 3 months the contract may be cancelled and the full premium paid is refunded.
The insurer and N2N Insurance Brokerage do not collect, use, access or provide personal data related to this contract without the consent of the policyholder, insured or beneficiary, except as provided by the relevant laws.
Insurance crime, under Article 8 of the Special Act on the Prevention of Insurance Fraud, imprisonment of up to 10 years or a fine of up to KRW 50m is the penalty. 1332 / http://insucop.fss.or.kr
N2N Insurance Brokerageis an insurance broker registered under Article 89 of the Insurance Business Act; it does not represent any single insurer but advises and intermediates on the side of the client (policyholder) (FSS Reg. No. 2026-012201 · Business Reg. No. 611-23-02374).
Article 31-2 of the Infant Care Act — five daycare types
Daycare run or outsourced by local government. Underwriting usually turns on capacity and safety certification.
Privately run daycare. Capacity, carer ratio and safety certification are the key underwriting items.
Small daycare run in a private home. Facility safety-inspection items affect the exclusions.
Workplace-attached or cooperative daycare. A wording review is needed for the employer/cooperative liability-sharing structure.
Operating a school bus requires a combined design with separate motor insurance. Boarding/alighting accidents are the most frequent.
At a private daycare, an infant fell from play equipment during care and suffered a fracture. Safety inspections were carried out regularly and there was no direct carer negligence, but the operator's safety-management duty under the Infant Care Act was recognised and cover was assessed per the wording. Whether periodic-inspection records and CCTV were kept became key evidence in the post-incident process — a case showing that systematic record-keeping at the operating stage matters both for cover and for underwriting.
Source: (General industry example) · Commercial insurance from the field #upcoming
Read the full analysis — the infant-fall cover process (in progress)The wording and structure points operators most often overlook
The compulsory limit under the Infant Care Act often falls short of the accumulated compensation for a real incident — medical costs, lost income, mental distress. Supplementing it with the compulsory limit plus an excess-limit endorsement is usual, and estimating the maximum single-incident loss at application is recommended.
Food poisoning from meals or snacks is usually within this wording, but the limit is often separated or combined via a separate endorsement. Compliance with the Food Sanitation Act's daycare meal-safety standards affects both underwriting and cover.
If statutory safety-inspection records for play equipment, school vehicles, CCTV and fire systems are missing, this can count against the operator when causation is assessed. Facilities that systematise inspection records and certificate renewals also get better underwriting terms.
The questions asked most when considering daycare liability cover
Under Article 31-2 of the Infant Care Act, every daycare must take out insurance to cover loss to infants' life and body. Proof of cover is part of the operating-licence conditions, and the recommended limits differ by local authority.
Infant bodily injury during care (falls, fractures, burns, foreign-object inhalation), incidents from facility defects, carer-negligence incidents, food poisoning from meals or snacks, and school-bus accidents (a separate wording) are covered. Exclusions and limits differ by wording.
Wilful abuse and criminal cases are usually excluded. However, the operator's liability for breach of a management or supervision duty can be assessed per the wording, and combining a management-and-supervision liability endorsement is recommended to protect the operator.
Food poisoning from meals or snacks is usually within cover, often with a separate limit. Compliance with the Food Sanitation Act's daycare meal-safety standards is a key underwriting item, and MFDS-certified facilities get better terms.
Accidents while the bus is in motion usually fall under motor insurance (commercial/school), while boarding/alighting accidents and care responsibility off the vehicle fall under this wording. Many accidents blur the boundary, so a combined design should be considered at application.
If failure to perform a statutory safety inspection (play equipment, school vehicles, CCTV, fire systems) has a direct causal link to the incident, it can be an exclusion or a limit on cover assessment. Keeping inspection records and renewing certificates matters for both safe operation and underwriting.
The insurer calculates it based on the number of children and carers, facility type (public, private, home, corporate), safety inspections and certifications held, and past incident history. The exact premium and acceptance are confirmed after underwriting by insurers such as AIG, Chubb, DB, Hyundai, KB and Meritz.
