Insurance can be extremely complex, especially when it comes to internships.
We have put together a number of definitions related to insurance for interns, as well as classified whose responsibility it is for each item:
Personal Liability Insurance
Personal Liability Insurance covers an intern if they are found to be legally responsible for personal injury to a third party or responsible for damage to their property including the host company.
Note: Every intern MUST be covered for Personal Liability
Medical insurance is clear and simple. It covers for medical expenses incurred by an individual.
Interns that are Australian residents will be covered for medical insurance through Medicare.
It is strongly advised that all interns that are not eligible for Medicare should purchase sufficient medical insurance.
Please note that insurance rarely covers for mental health issues or any pre-existing injuries & illnesses.
Baggage protection provides financial protection for lost, stolen or damaged items, including baggage. It is recommended to check the insurance policy for a summary of benefits as items can be excluded in some cases.
Public liability insurance is designed for companies and professionals who interact with customers or members of the public. It protects against claims of personal injury or property damage that a third party suffers (or claims to have suffered) as a result of your business activities.
Coverage that is not required
Professional Indemnity Insurance
Professional Indemnity Insurance is designed for companies who provide advice or a service to their customers. It offers protection against legal costs and claims for damages to third parties due to incorrect advice.
This insurance is often used by lawyers, legal tax consultants, architects, engineers, trustees, doctors and translators. It is designed to protect the assets and reputation of a company/professional and should cover not only the business, but also any principal, employee, director, partner or related entity who are acting within the same scope.
Note: Interns should not be in a position of providing a service or advice to clients or customers. Interns must be supervised and monitored at all times.
Workers’ compensation is a form of insurance payment to employees if they are injured at work or become sick due to their work.
Workers’ compensation includes payments to employees to cover their wages while they’re not fit for work and their medical expenses and rehabilitation.
Note: Interns are not employees, do not receive a wage, and therefore are not eligible for workers compensation.
Internships Down Under is able to arrange insurance for interns completing their placement in Australia. Please click the below button to find out more and apply.