- Business Name and ABN needs to match. If it does not match, government certified evidence must be provided to link the ABN or business names together. This is ideally a letter or download from ABR showing the linkage.
- 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
- Minimum amount of $20 million dollars Australian for any one occurrence; Coverage amount to be recorded; If less than $20 million (AUD) the policy is to be returned (even if you were previously approved with a different level of coverage, this is no longer acceptable).
- If the policy amount is not in AUD and the policy is worldwide, a conversion at the time of processing is to be completed to ensure the non-AUD amount is equal to or greater than the $20 million AUD amount
- USD converted to AUD amount of greater than the $20 million is acceptable when the policy applies for work conducted in Australia
- Insurance must be current
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Note: Insurance types can be listed in the limit section of the policy.
- E.g. under the Class or description, it may refer to General Liability however under the limit or interest insured section if it refers specifically to an accepted type listed above this would be deemed acceptable.
