What sort of insurance should my company have?

This is a non-exhaustive list of some insurance policies you may consider taking out to protect your company, its functionality and assets…

Workers Compensation Insurance

In Australia, workers compensation insurance is a compulsory, statutorily governed form of insurance taken out by employers to cover accident and injury in the workplace.

Professional Indemnity

Professional Indemnity insurance protects you against claims of breach of your professional duty, in the form of error, act or omission. Such a claim has the potential to severely hinder or even bankrupt companies, and, as such, professional indemnity is a no-brainer for most practitioners in the professional services sector.

Public Liability

This policy covers your liability for accident, injury or death to a third party’s person or property resulting from or connected to your business activities.

Business Insurance

Business stock, technology, office space and the personal effects of employees are very valuable and often costly assets. If you were to be without any of them due to theft, fire, floods, breakdown, business interruption, damage in transit or fraud, as basic examples, your business capability may be severely obstructed. Enter a business insurance policy to ensure that in times of unforeseen distress your business remains functional.

All information provided on this webpage is general information about our products and services. Nothing on this webpage is intended to be professional advice of any kind and should not be relied on as such. You should obtain specific financial, legal or other professional advice before relying on the content of this webpage. By not seeking such advice, you accept the risk that the information on this webpage may not meet the specific needs of your business. Our liability is limited to the maximum extent permitted by applicable law in accordance with our website terms and conditions.

Updated — Sep 9, 2015