Who Needs Professional Indemnity Insurance?
Professional Indemnity Insurance is designed to safeguard mainly professional services contractors and their assets should they be hit with a claim for breach of their care of duty towards a client. But do you really need it or is it a stretch for your profession? Find out here if Professional Indemnity applies to your business. […]
What Is Tax Audit Insurance And Why Do I Need It?
When the tax man comes knocking, many try to hide! Even if you have done everything correctly within your business and have all of your records in place, a tax audit by the Australian Taxation Office will still leave you out of pocket. Why you ask? Because you will need to pay for your tax […]
What is a Certificate of Currency?
As a contractor, you generally don’t have an employer to arrange insurance on your behalf – it’s all up to you! So, what do you need to provide if a potential customer or employer wants to ensure that you have up to date insurance cover in place? That’s where your certificate of currency comes in. […]
What is a Certificate of Currency or Certificate of Insurance?
A certificate of insurance (also known as a certificate of currency) is a document issued by an insurance company to confirm that insurance has been obtained for a business or individual for a specific time. The document does not substitute the actual insurance policy documentation and is best described as a summary of the most […]
Contractors vs Subbies – What Is The Difference?
You may have heard the terms ‘contractor’ and subcontractor’ or ‘subbie’ thrown around. There is in fact a difference between contractors and subcontractors, however in effect not much within the operational side of the businesses. Here is what you need to know about the differences. Contractors A contractor is an individual who runs their own […]