NDIS Audit Requirements
Why does an NDIS service provider need Business Insurance?
Whether you have just served your first NDIS customer or have been in business for many years, you have put a great deal of time and effort into building your NDIS business. Don't risk losing it all by not protecting your assets from unexpected events.
The NDIS Quality and Safeguards Commission requires all registered NDIS providers to hold:
- Professional Indemnity Insurance
- Public Liability Insurance
- Personal Accident Insurance
However, these insurances do not cover your business assets from unexpected events like fire, theft, or storm damage. That's where Business Insurance comes in.
What does Business Insurance cover for my NDIS business?
Covers your premises and business contents against loss, damage or theft from fire, storm, malicious damage and other defined events. |
Covers loss or damage to portable and valuable possessions, including laptops, mobile phones and other business equipment. |
Covers financial loss resulting from an insured interruption to your business operations — so you can keep trading while you recover. |
What is typically not covered?
- Negligence or breach of duty arising from your professional services (covered by Professional Indemnity)
- Flood damage (generally excluded from standard policies)
- Known claims and circumstances at the time of taking out the policy
What about protecting your key personnel?
BizCover can also offer Management Liability Insurance — protection for the company and the people who manage it (directors and senior managers) against the risks of running the business.
It covers: allegations of misconduct, legislative breaches, statutory fines and penalties, defamation, OH&S issues, unfair dismissal, sexual harassment, and employee theft and fraud.
Find out more about Management Liability Insurance →
How do I get Business Insurance for my NDIS business?
Call 02 8287 6576 to speak to a BizCover agent, or get a quote online instantly.
*As with any insurance, cover is subject to the terms, conditions and exclusions contained in your policy document. The information on this page is general only and should not be relied upon as advice.
MyCareSpace is a referral partner of BizCover Pty Ltd (ABN 68 127 707 975; AFSL No 501769). MyCareSpace earns a commission from BizCover when you purchase a policy through their website. Any advice provided is general advice only. Please read the relevant PDS before making a decision. For more information, read BizCover's Financial Services Guide.
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