Know Risk is a community education program designed by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) to improve our understanding of insurance and how it relates to managing the many risks we all face in life.
Ongoing Obligations for Employers
Employers have on-going obligations to understand and maintain employees’ entitlements under Australia’s workplace relations system:
1.There are minimum standards of pay, conditions and entitlements for your employees. Standards need to be maintained and rights protected.
2. Know your occupational health and safety (OH&S) obligations. Safe Work Australia can provide information on national standards.
3. Know your workers compensation insurance obligations. You must provide workers compensation insurance in the event of an accident or sickness.
4. Know your public liability insurance obligations. Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or ‘pure economic’ loss.
5. Know your obligations for equal employment opportunity and anti discrimination. It’s your duty to create a workplace free from discrimination and harassment.