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).
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.