Business Insurance

Will Holmes à Court Last updated 
Mandatory insurance requirements to provide services

Overview#

Introduction
Insurance is an essential part of our risk management and helps us protect our employees and our services from potential liability, injury, or loss.

Insurance Types
  • Public liability insurance  -  Insurance that protects HWH from claims of negligence made by third parties concerning injury or property damage arising from our services 
  • Professional indemnity insurance - protects employees against claims for breach of professional duty arising out of any negligent act, error or omission committed or alleged to have been committed while providing services. 
  • Workers' compensation insurance - covers expenses such as wages and medical bills if an employee is injured at work. 
Applies to
  • management and administration of the service
  • key management personnel.
Related Items:

Policy#

Required Insurance Policies
The following are required insurance policies:
  • public liability insurance
  • professional indemnity insurance
  • workers compensation insurance (when employing workers).
Insurer requirements
All insurers must be recognised by the Australian Prudential Regulation Authority (APRA) or regulated by a state or territory Auditor-General.