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F.A.Q.
How insurance works
Insurance policies involve the transfer of risk. The insurer agrees to compensate you for a loss rather than you having to pay for that loss yourself. Usually the insurer assesses whether to accept the risk (and if so, on what terms) through information they get from you. You decide whether the terms the insurer offers meet your needs. Read the product disclosure statement to help you with this.
You and your insurer both have a role in making sure your insurance contract works. In this section, we talk about:
What you must do
What the insurer must do
Your policy documents
Signing Contracts
Indemnity Clauses - What are they?
What is a ‘hold harmless’ clause?
What is the impact of " Indemnity" and "Hold Harmless" types of clauses?
Independent Contractors
Independent Contractors - a basic definition
How do I determine my status?
What are my entitlements?
Independent contractors and the common law
Unfair contracts and sham contracts
Professional Indemnity Insurance
What is a Claims Made and Notified policy?
What is run off cover? How many years should I take out run off cover for?
Common reasons why PI claims are denied
Common answers to PI questions
Answers to Directors & Officers Insurance
Public Liability Insurance
TBA
TBA
Products Liability Insurance
The product liability provisions of the Trade Practices Act allow persons who suffer injury or loss as the result of a defective product to take legal action for compensation against the supplier of that product. These provisions apply to goods supplied after 9 July 1992.
When is a product defective?
Who may be liable for supplying a defective product?
Who can bring an action for compensation? What type of loss may be compensated?
Time limits for bringing a product liability action
The manufacturer may not always be liable for the defective product
What can a manufacturer or importer do to reduce the risk of action?
What is the ACCC's product liability role under the Trade Practices Act?
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