Under the Australian Quality Training Framework (AQTF) all registered training organisations (RTOs) must have insurance to protect their business, clients and the public. 

RTOs must have all the cover necessary to carry out their business, including insurance for:

• Assets and revenue - things the business owns and its revenue generating capabilities
• Liability - legal obligations arising from injury to others or damage to their property
• Personnel - protection against loss arising from personal accident or illness involving RTO employer or employees.

The type of training an RTO provides will dictate the level of cover it requires. In addition some state and territory governments stipulate the amount of insurance cover required in their jurisdiction.

During an audit for compliance with the AQTF standards an RTO may be required to provide evidence of this current insurance cover.

To help RTOs fully understand insurance compliance requirements, sources of insurance advice include

• industry associations – for industry-specific insurance advice and
• The National Insurance Brokers Association of Australia which represents the vast majority of insurance brokers in Australia - around 500 separate member firms and 2,600 individual intermediaries.

For further information on insurance, contact the registering authority in your state or territory. 
Some state and territory governments stipulate the amount of insurance cover.