Do you need commercial insurance coverage? Several interventions can help streamline the process and save costs. So, what considerations should you make regarding commercial insurance coverage? Below are some insights. Hire An Insurance Broker As a business owner, you might not be conversant with the various insurance products. Moreover, you might not have relationships with the different insurers in your state. It is for these reasons that you should hire an insurance broker.
11 May 2023
If you are starting a business, you might be wondering what kinds of business insurance you need to legally trade in Australia. Here are four business insurance policies that are mandatory or highly advised in Australia. 1. Workers' Compensation Insurance Sole traders are the only types of business that can't get workers' comp — for anyone else, it is a must. Australian legislation makes workers comp compulsory for employees under the Workers Compensation Act 1951.
15 December 2021
Workers compensation is essential insurance for any business. Nonetheless, just because your employer provides you with workers compensation does not mean that you are aware of what is covered by this form of insurance. And by not knowing what you can be compensated for, you can have your claim rejected or you could not end up receiving compensation. Thus, it is crucial for every employee, no matter what industry they are in, to know what is covered by the workers' compensation.
19 September 2018