Why Public Liability insurance is important
It’s easy for independent contractors to think of themselves as individuals rather than businesses and assume that they don’t need Public Liability insurance in Australia. But this is a false assumption. No matter what your profession may be, whether you’re a graphic designer, a management consultant, an engineer, an IT contractor, or even if you’re self-employed, you might very well need Public Liability and Professional Indemnity insurance.
As a private contractor, you may have already noticed that potential clients will often insist on having Public Liability and Professional Indemnity insurance. A growing number of organisations across both the public and private sectors are simply not willing to work with any supplier who does not have Public and Products Liability insurance protection in place.
Quite simply, if you don’t have it, you won’t get the work. But even if that doesn’t apply to your own personal roster of clients, you should still think very carefully about the serious financial risks you could be facing if you’re operating without Public Liability insurance in Australia.