Page tree
Skip to end of metadata
Go to start of metadata

 Professional Indemnity
CetficationCertification RequirementsUpload RequirementsExamples

Insurance.Professional Indemnity.Cert of Currency

  • Certificate of currency with the following details:
    Name of insurer
    Policy Number
    Expiry Date
    Sum Insured
  • Company name and ABN must match the details registered in Onsite Track Easy.
  • We can accept ‘PTY LTD’ or ‘(Pty) Ltd’  in lieu of ‘Proprietary Limited’ when this is the only difference in the company name between what’s shown on company compliance paperwork verse what’s shown in onsite.

  • No minimum amount
  • Please record certificate validity dates as per document
  • If the premium is paid monthly, the certificate of currency is only valid for that month. They will need to update monthly.

 Public and Product Liability
CertificationCertification RequirementsUpload RequirementsExamples

Insurance.Liability.Public & Product

  • Umbrella Agreements are not accepted
  • Must detail:
    Start Date
    End Date
    Insurer
    Policy
    Amount
    Restrictions/condition
  • Company name and ABN must match the details registered in Onsite Track Easy.
  • We can accept ‘PTY LTD’ or ‘(Pty) Ltd’  in lieu of ‘Proprietary Limited’ when this is the only difference in the company name between what’s shown on company compliance paperwork verse what’s shown in onsite.

 

  • If a certificates states a company name and ‘its subsidiaries’ then this is ok to accept, please add to the business rule for future reference
  • The actual public liability amount must meet or exceed AUS$20,000,000
  • Please record certificate validity dates as per document
  • If the premium is paid monthly, the certificate of currency is only valid for that month. They will need to update monthly.

 

  • Accepted:
    Public Liability
    Public and Products Liability
    Broad form Liability
    General Liability

 

  • Requires Approval:
    Business Liability
    Legal Liability
    Umbrella Liability

 

  • Not accepted:
    IT Liability
    Product Only

 

  • If a policy is submitted and refers to the liability cover under another name (as mentioned in the table above, under “REQUIRES APPROVAL”), we will need to request from the company an excerpt of the policy which explains what the insurance policy covers where it is not called “public liability”.
  • If the document is not one of the “ACCEPTED” forms of Public Liability types, it must be referred to NCIG for approval.
  • All accepted Public Liability policies must be a minimum of 20 million dollars Australian, or equivalent in US Dollars or Euro, for any one occurrence.
  • If the amount shown on the document is not listed as an Australian Dollar amount (e.g. US or EURO), use a currency converter to check the amount - if the conversion at the verification processing time meets the required Australian Dollar amount the document can be approved.  In the Comment Field please enter the confirmation that the currency converter process has been completed e.g. ‘Currency Converted and meets the AUD minimum amount required’.

Example of unacceptable insurances:

  • Product Liability -  $20,000,000
  • Public Liability Policies under $20,000,000
  • A Policy where the minimum insured amount is split amongst the different types of cover
    E.g. Products Liability $10,000,000 and Public Liability $10,000,000 = $20,000,000.

 

Examples of acceptable insurances:

  • Limit of Liability
  • Public Liability                                                               $20,000,000
  • Public & Products Liability for any one occurrence       $20,000,000
  • Broadform Liability                                                         $20,000,000

 

 Workers Compensation
Click HERE to be redirected to the confluence page which is specific to all sites workers compensation certifications

Page Version: 15

Note: This Document is not version controlled when printed.

  • No labels