Liability insurance products get some serious criticism

In 2017 the Queensland Government was advised to prohibit business insurance products that cover the costs associated with financial penalties that may occur after a successful prosecution of a breach of work health and safety (WHS) laws. This recommendation (page 47) was one of only two that were not accepted by the government and which were …

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Is workers’ compensation less important than other insurances?

In late July 2018, the Victorian Auditor-General Office (VAGO) released a report into the insurance risks of several Victorian local councils.  It is reasonable to expect the costs of workers’ compensation insurance to be addressed in the report but this was not the case.  Although it is clearly an insurance product, the Auditor-General excluded workers’ …

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Action on insurance for OHS penalties slows down

In all of the discussion about the new industrial manslaughter laws in Queensland, the topic of directors and officers liability insurance has been overlooked.  As mentioned in an earlier article “….the Queensland Government has promised to ban insurance products that pay occupational health and safety (OHS) penalties imposed against employers.”...

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Willox talks safety, fluidity, insurance and manslaughter

Innes Willox of the Australian Industry Group (pictured right) is a well-established figure in Australia’s political and industrial landscape.  As such he was a good choice to be the first speaker at a small safety conference in Melbourne Australia. The best speakers about workplace safety are often those who do not speak about safety but …

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Insurance over OHS prosecution hits the deterrence effect

In response to proven breaches of occupational health and safety laws, judges usually apply financial penalties to companies and individuals.  These penalties, like all court-ordered punishments are to deter the offenders from re-offending but also to show others the consequences of their actions.  But what if an insurance company would pay for that penalty in … Continue reading “Insurance over OHS prosecution hits the deterrence effect”