It’s easy for independent contractors to think of themselves as individuals rather than businesses and in that frame of mind, assume that they don’t need Public Liability insurance in Australia. But this is a false assumption because whatever your profession, from graphic designer to management consultant, an engineer, an IT contractor, or even if you’re self-employed, you might very well be in need of 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 the 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 running if you’re operating without Public Liability insurance in Australia.