Do I need insurance on my vacant land?

Do you need insurance on vacant land in Australia, yes you need public liability insurance $10M to $20M, costing $200 to $500 per year, to protect against claims if someone injured on your land, though building insurance not needed if no structure. Vacant land, defined as block with no building or with shed, has risk of trespasser injury from falling, hole, tree branch, dog, fire spreading to neighbour or children playing, with liability claims $100K to $500K for injury, plus legal costs $50K. If you own vacant residential block, you are liable as occupier under Occupiers Liability Act, even if trespasser, so if someone injured, they can sue you for $100K to $500K, and without insurance you pay out of pocket. Vacant land liability insurance from Allianz, QBE, NRMA, Elders costs $200 to $500 per year for $20M cover, $20 to $42 per month, covering injury and property damage to others. If you have shed $10K to $20K, you can add fire and theft for extra $100 per year. For rural land, need more. So you need insurance on vacant land, specifically public liability $20M for $200 to $500 per year, to avoid large liability claims, though you do not need building insurance if no building, but liability essential, especially if land near public, with trees or fire risk.