There is no single insurance limit suitable for every Labour Hire company.

Different limits can apply to:

• Professional Indemnity
• Public Liability
• Management Liability
• Cyber Insurance
• Other policies within the insurance program

What should be considered? #

Factors can include:

• Host employer contract requirements
• Tender requirements
• Number of workers
• Worker occupations
• Industries
• Size of host employers
• Higher-risk workplaces
• Annual wages
• Annual turnover
• Largest clients or contracts
• Locations and jurisdictions
• Professional services provided
• Potential severity of a claim

Workers Compensation operates under separate state and territory arrangements and is not generally selected in the same way as a Professional Indemnity or Public Liability limit.

Is the contractual minimum enough? #

Not necessarily.

A client may require a particular insurance limit, but meeting that limit does not mean every liability accepted under the contract is insured.

Contracts can contain:

• Broad indemnities
• Additional liability obligations
• Consequential loss provisions
• Responsibilities relating to workers or host sites
• Other obligations extending beyond the policy

The limit should also be considered alongside:

• Excesses
• Sub-limits
• Aggregate limits
• Defence costs
• Exclusions

Webber Insurance can review contractual insurance requirements from an insurance broking perspective.

Contact our team before agreeing to materially different insurance requirements.