Businesses operating in the Australian Defence supply chain can have a range of professional, contractual, cyber and operational exposures.

The appropriate insurance depends on the services provided and the requirements of each contract.

Professional Indemnity Insurance #

Professional Indemnity Insurance can be important for businesses providing:

• Engineering.
• Design.
• Technical advice.
• Project management.
• Consulting.
• Systems advice.
• Testing or certification.
• Other professional services.

It can respond to certain claims alleging that professional services caused financial loss.

Public Liability Insurance #

Public Liability Insurance can be relevant where the business:

• Works at Defence facilities.
• Attends client sites.
• Performs physical work.
• Has employees or contractors working away from its own premises.

Cyber Insurance #

Cyber Insurance can be particularly relevant where a business stores, accesses or transmits sensitive commercial or Defence-related information.

Cyber Insurance does not replace Defence security requirements.

What other cover can be relevant? #

Depending on the activities, businesses may also need:

• Management Liability Insurance for certain director, officer, employment, company and statutory liabilities.
• Product Liability Insurance where the business manufactures, supplies, modifies or distributes products.
• Contract Works Insurance where the business is responsible for construction or installation projects.
• Marine Cargo or Transit Insurance for equipment, components or products being transported.
• Commercial Motor Insurance for vehicles used in the business.
• Business or Property Insurance for office contents, specialist equipment, tools, machinery and portable electronics.
• Corporate Travel Insurance where employees travel interstate or overseas for Defence-related work.

The overall insurance program should reflect the business activities, assets, travel and contractual requirements.