Will Australia Close a Company Insurance Loop Hole?

I have just been reading an article in Corporate Risk and Insurance. In South Australia, companies can insure against fines for breaches to OHS. A recent SA case study outlined in the article shows that despite a 200K fine the company wasn’t out of pocket. Apparently this loop hole has been closed in NZ. Have a read.

ARTICLE in Corporate Risk and Insurance.

Kristine Gatt