Do You Have Insurance Against Workplace Claims? You Could Be Hit With A $125,000 Penalty

The recent amendments to NSW WHS laws create new offences and harsher penalties for businesses.

Any business that enters into, provides, or benefits from insurance or indemnity arrangements for liability for a monetary penalty for a WHS offence (WHS Act, Section 272A).

Ask ISOsafe - Call Now 1300 789 132

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Ask ISOsafe - Call Now 1300 789 132 〰️

While there is no such prohibition in respect of indemnity for legal costs associated with a potential WHS breach or enforceable undertaking this is a big change.

In essence, businesses and employers cannot enter into arrangements to protect or indemnify themselves or individual Managers, Directors or Officers against monetary penalties under the laws.

The maximum penalty for businesses entering into an insurance or indemnity arrangement is $125,000.

Are you worried your Health and Safety is not compliant? Call ISOsafe today on 1300 789 132 to get better Health and Safety advice, training and documentation for your business.

Posted on May 13, 2021 by ISOsafe Team and tagged health and safety insurance mutual insurance whs health and safety mutual protect insurance against workplace claims insurance work health safety OH&S insurance WHS insurance Fairwork Insurance fair work insurance insurance against claims safework Protect is a Discretionary Mutual product fair work Protect is a Discretionary Mutual product worksafe Protect is a Discretionary Mutual product avetta safety induction avetta bhp avetta otis avetta lendlease avetta woolworths avetta wow contractor employment relations employment relations consultant fair work advisor employment relations service outsource HR outsource Human Resources.