Registered Training Organisation Insurance is a policy designed to protect RTOs (Registered Training Organisations) & Training Consultants alike in their pursuit of delivering a variety of training courses.
These parties are responsible for all quality assurance requirements in relation to the delivery of training, assessment, and certification under the Australian Quality Training Framework (AQTF).
This RTO Insurance Policy is a combined Professional Indemnity and Public & Products Liability cover which was created to avoid gaps in coverage that can arise if policies are placed separately. A policy as such offers coverage for both financial loss, injury and/or damage to a third party due to the failure of products, services and advice.
Some key exposures can include
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- Failing to understand or manage the learning or training needs of clients
- Recommending inadequate education and training programs
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- Providing inadequate training
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- Incorrect assessments
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- Inappropriate evaluations of education and training programs
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- Breaches of confidentiality
- Failing to adhere to the training delivery requirements of the AQTF
Our registered training organisations insurance packages include:
- Professional Indemnity
- Public and Products Liability Insurance
Features and advantages of a combined insurance package
By using a combined package that meets the requirements of the Australian Quality Training Framework (AQTF) you have the benefits of tailoring the following insurances in the one convenient package:
Professional Indemnity
Designed to protect you from legal action taken for losses incurred as a result of your advice, a mistake or failure to exercise the required level of skill.
Public and Products Liability
Protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or ‘pure economic’ loss resulting from your negligence.