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Exclusive offer for NHAA Members 

BizCover is proud to be the official insurance partner of NHAA (Naturopaths & Herbalist Association of Australia).  We believe that getting your business insurance sorted should be simple and hassle-free, leaving you time to focus on your business. 

That’s why our easy-to-use online platform allows you to get a quote and buy your insurance in a matter of minutes, with your policy documents being emailed to you instantly. No waiting for brokers to call you back, and no messy paperwork to complete! 

The best part is, as a member of NHAA we’ll give you an exclusive member only rate on the cost of your combined Professional Indemnity and Public Liability package. 

 

Why do Naturopaths and Herbalists need Professional Indemnity & Public Liability Insurance? 

Not only is it a requirement for all practicing full members of NHAA to hold a minimum of $2 million Professional Indemnity insurance (each claim), it’s something that every responsible health care provider should consider. 

Your service comes with an expectation of a high level of professionalism and specialised knowledge. If something goes wrong, you may be held liable.  Someone could make a claim against you for providing incorrect or ineffective treatments; giving negligent advice in relation to their wellbeing; or even make an allegation of professional misconduct.   

Professional Indemnity insurance* protects you against losses claimed by a third party due to alleged or actual negligence or errors in your professional services or advice.  Your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees). 

There is also the chance of a client could be injured due to slip or trip while at your premises then allege it is your fault.  Or maybe you spill something on their bag and damage it.  

Public Liability insurance* is. designed to provide protection for you and your business in the event a customer, supplier or a member of the public brings a claim against you due to their being injured or sustaining property damage as a result of your negligent business activities.   

And if that’s not enough to convince you, you must also hold Professional Indemnity insurance to be a recognised health fund provider, which allows your customers to claim a rebate on your services from their own health fund. 

What other insurance should I consider? 

Amongst other options, you may want to consider the following: 

Business Insurance* –   is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). 

Tax Audit Insurance* – helps reduce the financial sting out of a  tax audit by covering a business for specified costs. The policy offers coverage for the costs of accountants and other nominated professional fees incurred in the course of an audit by the ATO or a similar tax body. 

Cyber Liability insurance*– Cyber Liability insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event 

*As with any insurance, cover is subject to the terms, conditions and exclusions contained in your policy document.  The information contained on this webpage is general only and should not be relied upon as advice.

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