Insurables — Australian business risk, sourced and dated

Taxi operators: public liability requirements in Victoria

Cover for legal liability to third parties for personal injury or property damage arising from business activities.

Data as at

Verified for Victoria

  • Licence liability condition: No insurance condition of any kind. The full text of the 2018 Regulations — all 36 regulations and both Schedules — contains ZERO occurrences of the word "insurance". The parent Act's Schedule 2 lists "insurance requirements for commercial passenger vehicles" as a head of power for making regulations, and THAT POWER HAS NEVER BEEN EXERCISED. So Victoria could impose a requirement tomorrow by regulation without amending the Act, and has not. UNDERSTAND WHAT CTP IS AND IS NOT: compulsory third party insurance is a condition of REGISTERING A VEHICLE in every Australian jurisdiction, and it covers injury to people. It is not a licence condition, and it does not cover damage to other people's property. Treating CTP as "the insurance the licence requires" is the single most common mistake in this industry. Victoria's own CTP scheme sits under the Transport Accident Act and attaches to registration, entirely separately from this regime. New South Wales requires every point to point vehicle to carry third-party PROPERTY insurance of at least $5 million on top of CTP. On the full text of the instruments read, no other jurisdiction checked replicates that. NSW is an outlier here, as it is with tow trucks. VIC · effective 2018-07-01 Building and Plumbing Commission · 2026-08-17
  • Licence evidence required: None. There is no insurance condition to evidence. VIC · effective 2018-07-01 Building and Plumbing Commission · 2026-08-17
  • Licensing body: Regulated under the Commercial Passenger Vehicle Industry Act 2017 (Vic) and the Commercial Passenger Vehicle Industry Regulations 2018 (Vic). VIC · effective 2018-07-01 Building and Plumbing Commission · 2026-08-17

What contracts commonly ask for

Principals and head contractors set their own insurance requirements, and those are frequently higher than a licence condition. The requirement that binds is the higher of the two, and both have to be read from the actual document.

What this cover costs

This site publishes no cost benchmark for this cover. A benchmark needs a real sample of documents, and none is published until the sample is large enough to compute a median honestly. A benchmark from a handful of policies is a guess with a decimal point.

Sources