[LINK] private question for off list - consulting
Tom Worthington
tom.worthington at tomw.net.au
Thu Dec 12 08:58:20 AEDT 2013
On 10/12/13 21:46, Paul Brooks wrote:
> ... Professional Indemnity (PI) insurance ...
To contract to government, and even to teach in higher education, I am
required to have PI insurance. Clients demand from $1M to $10M, with $5M
being typical. A search of gov.au web pages found:
Required Pages
$1M 5,090
$5M 3,330
$10M 4,110
ACS has a free $10M umbrella liability insurance policy for members
earning less than $25k per year (and a deal with a broker for those
over): http://www.acs.org.au/sfia-certification/liability-insurance
Also it is useful being in the ACS Certified Professionals (CPs) scheme,
to limit your liability to the amount you are insured for, under
Australian legislation:
http://www.acs.org.au/sfia-certification/acs-professional-standards-scheme
In addition to PI and Worker's compensation insurance, there is also the
cost of setting up a company and doing the paperwork each year for all
this stuff.
--
Tom Worthington FACS CP, TomW Communications Pty Ltd. t: 0419496150
The Higher Education Whisperer http://blog.highereducationwhisperer.com/
PO Box 13, Belconnen ACT 2617, Australia http://www.tomw.net.au
Liability limited by a scheme approved under Professional Standards
Legislation
Adjunct Senior Lecturer, Research School of Computer Science,
Australian National University http://cs.anu.edu.au/courses/COMP7310/
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