CARAVAN PARK INSURANCE CONSISTENCY
The Australian Small Business and Family Enterprise Ombudsmen has handed down the Insurance Inquiry Report, a move welcomed by Australia’s peak caravan and camping industry group.
Throughout the last year, the Caravan Industry Association of Australia (CIAA) has worked closely with and advocated for the challenges faced by caravan parks around the country regarding accessing and affording public liability and natural disaster insurance.
Stuart Lamont, CIAA CEO, said, “The Ombudsman’s acknowledgment of market failure and the need to provide certainty to small business operators is a welcomed and accurate summary of the current insurance sector.
“Caravan Park operators, who are fully regulated by relevant state and federal legislation regarding work health and safety, are not seeking to avoid their responsibility regarding public liability and natural disaster management. They are, however, seeking a consistent framework that ensures their significant investments and liability are able to be protected.”
“The recommendations by the Ombudsman are a step in the right direction to support the caravan park industry. Specifically, expanding the Australian Reinsurance Pool to cover all natural disasters and adopting statutory caps on public liability will provide ongoing confidence to operators that they will be able to find and be covered by adequate policy,” Lamont said.