What is the NDIS?
National Disability Insurance Scheme (NDIS) was legislated by the Australian Federal Government in 2013 (which came into effect from 2020) to fund all ‘reasonable and necessary’ costs to support Australians with a ‘permanent and significant disability’.
Beneficiaries of the scheme can self-manage their own care by engaging and allocating the funds to services provided by registered suppliers.
What this means for NDIS Registered Providers/Support Workers
To comply with current legislation, at a minimum, the NDIS Registered Providers/Support Workers are required to hold both Public Liability & Professional Indemnity Insurance.
Compulsory Covers
What is Public Liability?
Public Liability protects you if you become legally liable to pay compensation or legal settlements for an injury to a Participant or damage of their property whilst providing Support Worker duties.
What is Professional Indemnity Insurance?
Professional Indemnity Insurance protects you against any claims of negligence or breach of duty in providing your role as a Support Worker.
Optional Covers
What is Individual Personal Accident & Sickness?
As a sole trader, many benefits that are awarded to employees are not covered when you work for yourself.
Not holding an Individual Personal Accident policy is a major uninsured risk. This cover protects you against disruption and financial impact to your income, in the sudden or unexpected event you become injured and/or sick.
Comprehensive Car Insurance
Business Activities of Support Workers often include driving Participants to appointments and events.
We note that Public Liability policies generally exclude use of a vehicle. To ensure that you are adequately covered for Transport Services, you will need to either incept a Comprehensive Car insurance policy or if this is already in place, you will need to notify you current Insurer that you vehicle is used for Business Usage.
Cyber Insurance
We recommend that any business with access to Clients personal information should incept a Cyber insurance policy. Cyber liability insurance covers financial losses that result from data breaches and other cyber events.
