What type of insurances do I need?

As an NDIS provider, it is essential to have the right insurances in place to protect your business, comply with the NDIS practice standards, and ensure peace of mind. There are three main types of insurance that NDIS providers need: professional indemnity, public liability, and workers’ compensation insurance. In this blog, we will discuss each type of insurance and why it is necessary for NDIS providers.

Professional indemnity insurance

Professional Indemnity Insurance covers NDIS providers for any claims of negligence or errors and omissions that result in financial loss or harm to a participant. This type of insurance protects NDIS providers from any legal liability and the costs of defending a claim. Professional indemnity insurance is essential for NDIS providers who offer services that involve advice, support, or professional guidance.

Public Liability Insurance:

Public liability insurance covers NDIS providers for any claims of personal injury or property damage that occur on their premises or as a result of their activities. This type of insurance protects NDIS providers from any legal liability and the costs of defending a claim. Public liability insurance is essential for NDIS providers who have a physical presence, offer services in the community, or provide equipment or transport to participants.

Workers’ Compensation Insurance:

Workers’ compensation insurance covers NDIS providers for any claims of injury or illness that occur as a result of work-related activities. This type of insurance protects NDIS providers from any legal liability and the costs of compensation and rehabilitation for injured workers. Workers’ compensation insurance is essential for NDIS providers who employ staff or engage contractors.

It is important to note that the NDIS Practice Standards require all registered NDIS providers to have appropriate insurance arrangements in place to protect participants, staff, and the business. Without the right insurances, NDIS providers may be exposed to financial and legal risks that could threaten their ability to operate and provide essential services to participants.

NDIS providers need to have professional indemnity, public liability, and workers’ compensation insurance in place to protect themselves, comply with the NDIS practice standards, and ensure peace of mind. If you need advice around NDIS compliance and quality, contact Tania Gomez Consulting today. Our team of experts can help you navigate the complexities of the NDIS and ensure that your business is fully compliant and protected.