Understanding Voluntary Workers Insurance Cover in Strata Insurance
Voluntary Workers Insurance is an aspect of Strata Insurance, providing coverage for volunteers who sustain injuries while performing their duties. In this article, we will explore the details of Voluntary Workers Insurance, its coverage, benefits, and the significance it holds for volunteers in Australia.
What Does Voluntary Workers Insurance Cover?
Voluntary Workers Insurance is specifically designed to provide coverage for volunteers who sustain injuries while working in a voluntary capacity. While Public Liability Insurance covers claims for personal injury, the process of settling such claims against the Body Corporate can be lengthy. Voluntary Workers Insurance, on the other hand, automatically provides cover for specified events, including the loss of sight, paraplegia, quadriplegia, and loss of limbs, etc without the need to establish liability on the part of the Body Corporate or Owners Corporation.
Coverage Details
Under a Voluntary Workers Insurance policy, capital benefits of up to $200,000 are provided. Capital benefits refer to specific events such as quadriplegia, loss of limbs, and other injuries defined in the policy, and the coverage amount may vary depending on the event. Additionally, the policy covers up to $2,000 for weekly expenses and loss of income associated with a claim.
Automatic Coverage
Voluntary Workers Insurance is an automatic inclusion in most insurance policies, as volunteering within the strata industry is relatively common. As claims are infrequent, cover is offered without the option to remove it for a reduced premium and the premium component associated with this cover is very minimal. By having this automatic coverage, volunteers can have peace of mind, knowing that they are protected in case of an unfortunate incident.
The Importance of Voluntary Workers Insurance
Volunteers play a vital role in various strata organizations across Australia. Their dedication and commitment contribute significantly to the smooth functioning of these communities. However, accidents can happen, and volunteers may sustain injuries while carrying out their duties. In such cases, Voluntary Workers Insurance serves as a safety net, ensuring that volunteers receive the necessary financial support for medical expenses, rehabilitation, and ongoing living costs.
Voluntary Workers Insurance is a component of Strata Insurance Solutions, providing essential coverage for volunteers who sustain injuries while working in a voluntary capacity. By offering automatic coverage for specified events, this type of insurance eliminates the need to establish liability and provides timely support to volunteers in times of need. Strata Insurance Solutions acknowledges the significance of this coverage and ensures that volunteers within the strata industry are protected. Protecting volunteers through Voluntary Workers Insurance guarantees the smooth operation and well-being of strata communities throughout Australia.
Strata Insurance Solutions are experts when it comes to insurance solutions for the strata industry.
This information is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Shandit Pty Ltd T/as Strata Insurance Solutions strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances. Shandit Pty Ltd T/As Strata Insurance Solutions is a Corporate Authorised Representative (No. 404246) of Insurance Advisernet Australia AFSL No 240549, ABN 15 003 886 687.