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WHAT ABOUT GIG WORKERS AND FREELANCERS?

This type of work is based on workers performing flexible, contractor or freelance jobs which often involve connecting with a company’s customers through an online platform or apps.

“Under current Australian labour laws, these types of workers are generally considered independent contractors, not employees,” she adds.

Workers compensation claims for gig workers such as food delivery couriers are uncertain.

“Many claims have been rejected as these workers could not prove a contract of service.

Whether a platform owner such as a ride sharing service is an employer under workers’ compensation laws will depend on the working arrangements and the rules under the relevant workers’ compensation scheme,” says O’Brien.

Workers compensation schemes in Australia will consider a range of factors to decide if a gig worker is employed by the platform and eligible for coverage by workers’ compensation insurance. This includes control over whether to take on work.

Workers compensation laws can be complex. Talk to your AIB Insurance broker today to make sure you are meeting all your duty-of-care obligations to all staff.

La Niña update

The BOM’s latest advice indicates, “a mature La Niña event remains active in the tropical Pacific.” Its modelling suggests the La Niña system is nearing its peak and the weather bureau forecasts a return to neutral conditions in autumn.

A La Niña system typically brings wet and also extreme weather in the form of storms, floods and cyclones. It usually means higher-than average rainfall across northern and eastern Australia.

This has certainly been the case so far this year, as coastal and also inland regions have experienced a thorough drenching. Incredibly, many inland parts of South Australia, the Northern Territory and Queensland that are usually deserts have been inundated with floodwaters. For instance, the Todd River near Alice Springs flooded twice in a matter of months. Broome in northern Western Australia experienced 652 millimetres of rain in a single day.

Support for cyclone affected areas

Consultation is almost complete on a federal government proposal to introduce draft legislation to secure the reinsurance pool for cyclones and related flood damage.

The Australian Reinsurance Pool Corporation (ARPC) was initially established by the Terrorism Insurance Act 2003. The draft bill proposes to extend the ARPC’s remit over cyclone and flood insurance. At the moment, insurers can use the pool to reinsure cyclone and flood risks, but they don’t have to. In the future, insurers will be required to use the pool to reinsure this risk.

The new legislation is expected to be enacted in 2022.

It’s important to talk to your broker about insurance options available for you if your business is located in an area prone to floods or cyclone. Contact Steadfast today to find out more.

Important note: this general information is provided to assist you in understanding some of the terms, implications and common considerations in property insurance. It does not take into account your specific objectives, financial situation or needs. It is also not financial advice, nor complete, so please discuss the full details with your Steadfast insurance broker as to whether this type of property insurance is appropriate for you. Property insurance usually has a deductible/ excess, exclusions and limits of liability. Policies differ between insurers.

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This article provides information rather than financial product or other advice. The content of this article, including any information contained in it, has been prepared without taking into account your objectives, financial situation or needs. You should consider the appropriateness of the information, taking these matters into account, before you act on any information. In particular, you should review the product disclosure statement for any product that the information relates to it before acquiring the product.

Information is current as at the date the article is written as specified within it but is subject to change. Steadfast Group Ltd and Steadfast Network Brokers make no representation as to the accuracy or completeness of the information. Various third parties have contributed to the production of this content. All information is subject to copyright and may not be reproduced without the prior written consent of Steadfast Group Limited.

WHAT ABOUT CONTRACTORS?

WHAT ABOUT GIG WORKERS AND FREELANCERS?

INSURANCE OPTIONS FOR NFTS

THE FUTURE FOR NFTS AND INSURANCE

La Niña update

Support for cyclone affected areas