Labour Hire & Recruitment
2 Docs
What is Run-Off Cover
Last Updated: July 29, 2025Run-off cover is a type of insurance that kicks in after you stop working, retire, or sell your business. Run-off cover extends a claims-made insurance policy, protecting you against claims that arise from past work, even when you are no longer operating. It’s most often used with Professional Indemnity Insurance, which only responds to claims made during the policy period. Without run-off, you could be left exposed if a client brings a claim months or even years after your last job. Run-off can usually be arranged as an annual policy or paid up-front for multiple years. It has a step-down premium calculation, with a rough indication being that for 7 years of run-off cover, the premium will be around 4 times your last insurance premium. For example, your final year premium is $2,000. To obtain 7 years of run-off coverage, the premium will be approximately $8,000. If only one year of run-off cover is required, the premium is generally the same as your final year’s premium, which in this case would be $2,000. ** Note that each insurer operates differently and may offer amounts that differ from the indicated amount. ** Run-off is a smart way to protect your legacy...
Are Labour Hire companies responsible for injuries sustained by placed workers
Last Updated: June 19, 2025In most cases, yes. Labour Hire Companies are generally considered the legal employer of placed workers, even when they are performing duties at a host client’s premises. This means you are typically responsible for providing Workers’ Compensation cover to protect these workers. You may also be held liable for injury claims if: The host employer’s insurance fails to respond You did not complete the appropriate safety checks or inductions The client contract places some risk back onto your business It is essential to understand your responsibilities and ensure that you have the right insurance and risk management practices in place. Contact us for assistance with the insurance requirements for your labour hire business.