The New Aged Care Bill 2023: Risk and Insurance Perspectives

With legislative changes poised to reshape the sector, it is imperative for aged care providers to grasp the potential risk and insurance implications of the forthcoming legislation.

Through our latest report, "The New Aged Care Bill 2023: Risk and Insurance Perspectives," we aim to provide valuable insights into the implications of the proposed Aged Care Bill 2023.

This report represents Lockton's response to the exposure draft of the new Aged Care Bill 2023, recently submitted to the Government, demonstrating our commitment to advocating for our clients and providing valuable insights into this evolving landscape.

Drawing upon insights gleaned from clients and industry partners, our report sheds light on the critical ramifications the draft new legislation may have on service delivery and organisational sustainability within the aged care sector.

Why download this report?

The report covers a wide range of insurance and risk management topics including:

  • Identification of key risk and insurance issues that aged care providers may encounter under the proposed legislation.

  • An in-depth exploration of insurance implications related to increased governance risk exposure, including challenges faced by insurers and potential consequences for providers.

  • Examination of challenges and implications for various insurance types including Directors and Officers (D&O) Insurance, Employment Practices Liability Insurance, Public Liability, Professional Indemnity/Medical Malpractice Insurance, Workers’ Compensation Insurance, Property Insurance, and Cyber Risk and Insurance.

Stay ahead

Download the report to equip yourself with key risk and insurance insights to navigate the evolving aged care legislative landscape. Click the download button located on the right for desktop users and at the bottom for mobile users.

The contents of this publication are provided for general information only. Lockton arranges the insurance and is not the insurer. While the content contributors have taken reasonable care in compiling the information presented, we do not warrant that the information is correct. It is not intended to be interpreted as advice on which you should rely and may not necessarily be suitable for you. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication.

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The New Aged Care Bill 2023: Risk and Insurance Perspectives