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One document can protect your business
and reduce your insurance premiums.
We wanted to let you in on a little trade secret. Many businesses don’t know that they can actually receive a reduction on their insurance premiums just by documenting all their policies in an employee handbook. To learn more about the employment documents your business needs right now, download our FREE guide:
Insurance premiums aren’t the only reason you should update your employment documents
Hiring employees is an exciting step in the growth of your business, but all too often we see new business owners skip past the legal set up, leading to bigger problems down the track. It’s also important to remember that many of these documents need to be refreshed every few years, particularly as your business grows and your circumstances change.
With this in mind, you should consider updating your employment documents if you’re:
- Making new hires
- Taking on contractors
- Using a template that is older than 12 months; or
- Looking to create clear protections for management and employees
What documents do I need?
It can be hard to navigate the minefield that is Australian employment law, but there are a few key documents that every business should have to ensure they’re protected from future disputes with staff.
Employee Handbook
Every business should have a comprehensive set of employee policies that work hand-in-hand with their employment contracts. An Employee Handbook works to define the company culture and set expectations for all employees, and can minimise disputes.
Employment Contract
Employment contracts are documents that most people are familiar with, but there are some key provisions that many new business owners leave out of their employment contracts which put them at risk.
For instance, it is vital that employees are not entitled to lay claim to any intellectual property they create on behalf of the business. It is also important to consider non-solicitation and non-compete clauses for the same reason. You don’t want your employees exposing the inner workings of your business to your competitors or starting their own business.
Download the free guide for more detail.
Protecting your business from the very start need not be an expensive or time consuming process. Download our free guide to learn more or give us a call for a free consultation with our team.
Already have your legal frame work in place? If you’ve been experiencing substantial business growth you should consider conducting a legal health check. Contact us now for a free review of your current documents.