Peninsula Mutual
Protecting your business
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Exciting News! Employsure Mutual is now Peninsula Mutual. At the General Meeting of Members held on 11 June 2024, the members voted by special resolution to change the company name to Peninsula Mutual Limited. Following approval by ASIC, we launched the new branding on 1 July 2024. To view all updated documentation, view here.
For existing members, you will receive a copy of the new Peninsula Protect PDS at the time of renewal.
Peninsula Mutual Limited (Peninsula Mutual) is a member owned discretionary mutual with over 30,000 members. Membership of Peninsula Mutual is exclusive to clients of Peninsula. Members have access to Peninsula Protect, a financial product providing discretionary protection against employment relations claims and health and safety claims.
Membership of Peninsula Mutual is exclusive to clients of Peninsula. Members benefit from the improved risk profile that comes from the delivery of Peninsula’s core services to members that share common issues, resulting in lower overall claims costs. By pooling contributions for discretionary protection, Peninsula leverages the strength of its membership to manage claims and reduce overheads.
Peninsula Mutual’s board includes member directors who as small business owners understand the risks and challenges of running a small business. The board can exercise discretion in areas of membership, scope and cost of protection and claims.
For more information and full terms and conditions, please read the Peninsula Protect Product Disclosure Statement, Financial Services Guide and Target Market Determination here.
Membership of Employsure Mutual is exclusive to clients of Employsure. Members benefit from the improved risk profile that comes from the delivery of Employsure’s core services to members that share common issues, resulting in lower overall claims costs. By pooling contributions for discretionary protection, Employsure leverages the strength of its membership to manage claims and reduce overheads.
Employsure Mutual’s board includes member directors who as small business owners understand the risks and challenges of running a small business. The board can exercise discretion in areas of membership, scope and cost of protection and claims.
Membership of Employsure Mutual is exclusive to clients of Employsure. Members benefit from the improved risk profile that comes from the delivery of Employsure’s core services to members that share common issues, resulting in lower overall claims costs. By pooling contributions for discretionary protection, Employsure leverages the strength of its membership to manage claims and reduce overheads.
Employsure Mutual’s board includes member directors who as small business owners understand the risks and challenges of running a small business. The board can exercise discretion in areas of membership, scope and cost of protection and claims.
Member benefits
All members of Peninsula Mutual, as clients of Peninsula, have the benefit of the following:
- Access to employment relations and health and safety consultancy services
- 24/7 advice service
- Tailored employment and health and safety solutions to suit the Member’s business
- Assistance with improving employment and health and safety practices
- Reduced risk of an employment relations or health and safety claim
- No excess on a claim for discretionary protection
- No increase in contributions payable due to claims for discretionary protection
- Limit of $400,000 on any one claim
- Limit of $2 million per annual protection period
How to join
Peninsula Mutual is available exclusively to clients of Peninsula Australia Pty Ltd and Peninsula Group NZ Limited (collectively, Peninsula) who are invited to join. As a member, there is an automatic invitation to apply for the Peninsula Protect product. Clients are given the opportunity to complete an application form and, if accepted, offered membership and the Peninsula Protect membership benefit.
As a provider of discretionary protection, the Peninsula Mutual board has absolute discretion to provide protection. This means more flexibility and higher percentage of claims covered compared to other financial products such as insurance.
Two types of protection offered
Full details of the protection are contained in the Product Disclosure Statement and should be carefully considered to determine whether the product is suitable for you. The advice contained on this page is general and does not consider your personal objectives, financial situation or needs.
In order to have the benefit of protection Members are required to seek and follow advice from Peninsula on becoming aware of circumstances which may give rise to a claim (see exclusions listed at Clauses 4 and 6 in Part 2 of the PDS).
Employment Relations
Cover includes:
- Legal representation costs
- Judgments or settlements
- Investigation costs
Health and Safety
Members have a right to claim for losses suffered when a claim is made by a regulatory body for liabilities arising from a breach of health and safety legislation.
Cover includes:
- Legal representation costs
- Penalties, where permitted by law (AU only)
- Reparation costs (NZ only)
Performance of Peninsula Mutual
Peninsula Mutual has successfully provided protection to members since it commenced on 1 April 2019. In its first three years of operation:
- More than 3,650 claims have been received by Peninsula Mutual
- During the 2021/2022 financial year, Peninsula Mutual received 1,169 employment claims and 182 notifiable health and safety incidents
- Average settlement cost $5,158 per claim
- Average cost of legal representation $3,600 per claim
- 18% of claims declined due to members failing to seek and follow advice from Peninsula
Performance of Employsure Mutual
- Accepted and managed more than 700 claims for protection
- Average settlement cost $3,800 per claim
- Average cost of legal representation $3,250 per claim
- 67.3.% of claims protection granted