I have a pack ready which parents can take home all about my setting..
It includes,
general routine and ethos of the setting
all my policies and proceedures
fire, healthy eating, outings, sickness, discipline, and risk assessments, etc
my fees and my holiday policy,
my ofsted report
how you run your business is up to you.. you set the rate of pay and whether you charge for your holiday or their holiday etc, each cm is different.
generally most charge full pay for child sickness and holidays and no fees for their holiday or sickness but others will do differently..
will you do pick ups or drop offs.. late payment fee??? all up to you..
have a long hard think and then write it all down and then make a setting pack. I think it looks much more professional also when they (hopefully ) come to sign the contract everyone knows where they stand.
good luck..