Owner Builder Insurance Australia

Adam Weaver  adam@allrisk.com.au 04-03-2018 Make sure you protect yourself By far, the most common topic we discuss is workers compensation insurance for owner-builders. Why?  Why do we harp on and on about it when some of our competitors try to claim that it is completely unnecessary for owner builders? It's certainly not because we enjoy talking about the topic. It's complicated (I'm sorry - it is) and it takes a lot of time to explain properly.  The major reason is that  whether you want to believe this or not , owner builders  may  be considered to be the employer of  workers  within the terms of your state's workers compensation act. Not  employees , but  workers . There is a difference. We're not trying to "upsell" you - if you don't want the insurance, then please don't take it. But listen to our advice about the risks you face (and double check with your state's regulator -- but just get that advice in writi...

Adam Weaver  adam@allrisk.com.au 10-03-2018 Medical Expenses and Rehabilitation Getting hurt isn't cheap - if you or one of your workers is hurt on the project, medical attention at the hospital and most importantly rehabilitation afterwards can be expensive and long. Make sure you consider health and wellbeing (for yourself as well as your workers) when working on your project. Medicare The first (and sometimes only) port of call is Medicare. Not many people realise this, but the  Health Insurance Act of 1973  prohibits insurers from offering medical expenses coverage in Australia except under limited circumstances. Accordingly, you'll only see medical expenses insurance under Health Insurance, and Workers Compensation. You'll never see it anywhere else - it's simply against the law. Health Insurance We recommend that all owner builders investigate health insurance to cover medical costs. What about rehabilitation & loss of income whil...