If you are starting a business, you might be wondering what kinds of business insurance you need to legally trade in Australia. Here are four business insurance policies that are mandatory or highly advised in Australia. 1. Workers' Compensation Insurance Sole traders are the only types of business that can't get workers' comp — for anyone else, it is a must. Australian legislation makes workers comp compulsory for employees under the Workers Compensation Act 1951.
15 December 2021