Insurance Workers compensation I have workers compensation for my personal

Insurance workers compensation i have workers

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Insurance Worker’s compensation [I have workers compensation for my personal trainers Public liability insurance [We have public liability insurance, which covers any third party death or injury. It is sourced through registration with Fitness Australia Professional indemnity [ We also have professional indemnity; This covers any legal action taken out as a result of your professional advice. It is also sourced through registration with Fitness Australia Business assets We have our business assets insured in the event of a fire, burglary, or damage. This is our PT equipment and company cars/laptops Business revenue [We will insure our business in the event of business interruption where we cannot trade because of an event and are unable to make money. This is to save our income. 14 BUS12 Business Assignment v2.2 (2019/03/18)
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Risk management [List the potential risks (in order of likelihood) that could impact your business.] Describe the Risk Rate the Likelihood Impact Strategy Client not showing up for session with no notice Likely] Medium [Message them before the session to double check they are still available and know what time and location etc. Old electrical cable or faulty machines Death due to electrocution Highly Unlikely High Equipment electrically safety tested, cords and equipment checked in weekly equipment check Work becomes stressful and I have a panic attack requiring time off work over more than 7 days Unlikely Medium Ensure I work not too long/short hours. Don’t over book myself Client trips over debris on the ground when performing task Highly Likely Medium Make sure you clear the space first. Client drops weight on themselves while attempting to perform a task Unlikely High Ensure client is not over-working themselves and working with weights they can manage Legal considerations [Choose which laws may be relevant to your business. If you are unsure look up the act online. Explain in a couple of lines how the act relates to your business and how you will cater for it. You can find information on these at . This is not designed to be exhaustive in terms of the Act’s and Law’s relevant to your business, we recommend you seek legal advice from an appropriately qualified professional before starting a business.] Act/LAW Relevant to business Why? Privacy Act Yes Maintaining client and staff records. Will ensure client and staff privacy is maintained securely and not provided to third parties. Will not source information from clients or staff not relevant to their dealings with the business. Competition and Consumer Act 2010 Yes Personal Training will not engage in misleading conduct. Marketing materials will not include any deceptive or misleading information. Contracts will be fair. Australian Contract Legislation Yes Valid contracts will be made with members. All terms and conditions will be provided to the member in the contract. Personal training will fulfil all services to a satisfactory standard as specified in the contract.
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