Insurance Tracker

Summary of insurance coverage status as of 24 March 2026. Documents active policies, critical gaps, and strategic opportunities tied to licence reclassification.

Active Policies

WorkCover Insurance

• Type: Workers’ compensation (government-mandated scheme)
• Status: ✓ In place
• Coverage: Employees and volunteers
• Renewal cycle: Annual

Security Services Liability

• Provider: VCPG Security (contracted externally; required by Late Night Liquor Licence conditions)
• Status: ✓ In place
• Note: Licence compliance requirement

Critical Insurance Gaps

Public Liability Insurance

• Status: ✗ NOT CURRENTLY IN PLACE—CRITICAL GAP
• Description: Third-party injury, property damage, and legal liability
• Why it matters: Public venues face significant exposure. Patrons could be injured on premises; third parties could suffer damage. Without public liability coverage, venue and shareholders face uninsured legal and financial risk.
• Current action: In active procurement with multiple providers (as of March 2026)
• Timeline: Urgent—should not delay further
• Estimated cost: Varies by provider; typical public venue policies range AUD $2,000–$8,000 p.a. depending on capacity and risk profile

Strategic Opportunities

Licence Reclassification Impact

Once kitchen opens and venue is reclassified from “nightclub” to “theatre café”:

• Public liability premiums may reduce due to lower risk classification
• Security requirements under Late Night Licence will decrease significantly, reducing overall compliance cost
• Timing recommendation: Coordinate public liability procurement timing with licence reclassification to optimise cost

Financial Context

Revenue down ~50% from FY23. Survival threshold is AUD $25,000–$30,000/week (revised upward Apr 2026). Insurance must be treated as essential (non-negotiable) compliance cost rather than discretionary spend. Once obtained, budget for annual renewal.

Action Items

1. Complete public liability insurance procurement immediately—contact multiple providers for quotes
2. Confirm renewal dates and costs for WorkCover and VCPG Security services
3. Document all active policies with policy numbers, renewal dates, and coverage summaries in central location
4. Review insurance requirements in light of licence reclassification timeline

Contacts and References

• WorkCover: Government scheme (Victorian mandatory)
• VCPG Security: External provider (licence compliance requirement)
• Public Liability: TBD (procurement in progress)

Related Pages

• Insurance Risk Assessment — comprehensive risk analysis and coverage gaps
• Licence Reclassification — security cost reductions and compliance changes
• Kitchen Expansion — approved project enabling licence reclassification
• Compliance Obligations — venue’s full compliance footprint