The type and amount of insurance that is mandatory for companies in Australia will depend on various factors, such as the nature of the business, the industry, and the state or territory in which the business operates. However, here are some of the common types of insurance that are mandatory or recommended for companies in Australia:

1. Workers' Compensation Insurance: In Australia, all employers are required by law to have workers' compensation insurance to cover their employees in case of work-related injuries or illnesses. The requirements for workers' compensation insurance vary depending on the state or territory in which the business operates.
2. Compulsory Third-Party Insurance (CTP): If your company operates a motor vehicle in Australia, you are required to have CTP insurance to cover any liability arising from personal injury or death caused by the use of the vehicle.
3. Professional Indemnity Insurance: Depending on the industry and the nature of the services provided, professional indemnity insurance may be mandatory or recommended to protect companies against claims of professional negligence, errors, or omissions.
4. Public Liability Insurance: Public liability insurance is not mandatory in Australia, but it's recommended for companies that have contact with the public or work on client's property to protect against claims of property damage or personal injury caused by their business activities.
5. Product Liability Insurance: If your company manufactures or sells products, product liability insurance may be recommended to protect against claims of property damage or personal injury caused by the products. 

It's recommended to seek professional advice from an insurance broker or specialist to determine the type and amount of insurance required for your business.

The amount of public liability insurance that a contractor needs in Australia can vary depending on the specific industry, the size of the business, and the level of risk involved in their work.

However, as a general rule, most contractors in Australia should have at least $5 million of public liability insurance coverage. This amount is often required by clients or project owners before a contractor can start working on a job.

It's important to note that some industries or projects may require higher amounts of coverage, such as construction projects or those involving hazardous materials. It's always a good idea to consult with an insurance professional to determine the appropriate amount of coverage for your specific situation.

The requirement for contractors to have professional indemnity insurance in Australia depends on the type of work they do and the industry they are in.

Professional indemnity insurance is typically recommended for contractors who provide professional services or advice to clients, such as architects, engineers, lawyers, or accountants. It can also be necessary for contractors who work in industries that have a higher risk of causing financial loss or damage to others, such as IT consulting or marketing.

While it is not always a legal requirement for contractors to have professional indemnity insurance, some clients or project owners may require it as a condition of working with them. It is important for contractors to carefully review any contracts or agreements to determine if professional indemnity insurance is required.

In summary, contractors may not be legally required to have professional indemnity insurance in Australia, but it is often recommended or required by clients or project owners in certain industries or situations.

Yes, workers' compensation insurance is required for companies in all states and territories of Australia. It is a legal requirement for employers to have workers' compensation insurance to protect their employees in case they are injured or become ill as a result of their work.

Each state and territory in Australia has its own workers' compensation scheme and requirements. The laws and regulations around workers' compensation can vary, so it's important for employers to understand the specific requirements in their jurisdiction.

In general, workers' compensation insurance covers the costs associated with workplace injuries or illnesses, including medical expenses, lost wages, and rehabilitation. By having workers' compensation insurance, employers can provide financial protection for their employees while also fulfilling their legal obligations under the law.ed for companies in all states of Australia?