If you are based in Queensland, the law requires that every driver or rider on Australian roads must have Compulsory Third Party insurance (also known as CTP insurance or ‘green-slip’). CTP covers your liability and the liability of anyone else who drives your vehicle, for injuries caused to others in a motor vehicle or Motorcycle accident. Including this cover into every driver’s insurance provides a safeguard to injured parties, making sure they always receive the necessary compensation regardless of the rider’s financial situation while simultaneously protecting riders from expensive legal and medical costs that arise from accidents on the Australian roads. In SA, VIC, WA, TAS, and the NT, Compulsory Third Party is automatically included in your registration fees however in Queensland, ACT and NSW you have the option of choosing an Insurer.
In Queensland, like all Australian states, it’s important to note that Compulsory Third Party or Green-Slip does not cover any damage to your vehicle following an accident. To cover against damage to your Motorcycle you would need to purchase a Motorcycle insurance policy. Depending of the level of protection you are seeking, there are options that will suit your needs – here is a quick guide of coverage options through Swann Insurance.