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Public and/or Product Liability Insurance - Aus

This certification is applied to companies that answer 'Australia' to the question: In which country is your company registered?

• Business Name (and ABN if shown) needs to match.
  • • • • If it doesn't 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 10 20 million dollars Australian for any one occurrence; Coverage amount to be recorded;
  • • • • If less than
  10
  • • • • 20 million (AUD) the policy is to be returned
        • If the policy amount is not in AUD a conversion at the time of processing is
  to completed
  • • • • to completed to ensure the non AUD amount is greater
  then
  • • • • than the
  10
  • • • • 20,000,000 AUD amount
• Insurance must be current
• If the company supplies a 'requires approval' policy type (as listed below) a Product Disclosure Statement (PDS) is required before escalation.
• If PDS states Public Liability coverage – the insurance and PDS needs to be uploaded together for approval
• If the PDS does not specify Public Liability it will be escalated
• The insurer will be located within Australia.
• Jurisdiction / Territory / Territorial Scope (if shown) must include Australia; either through explicitly naming it or by showing 'Worldwide' with no indication of Australia being excluded.

NOTE: If no Jurisdiction / Territory / Territorial Scope is explicitly shown but you can see the policy has been issued in Australia, it is implied that the coverage is for Australia which is acceptable

Self Insurance:

• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
• Please click on the following link to see the current list of approved self insured companies in Australia: http://www.srcc.gov.au/information_for_self-insurers/licensees
• Business Name and ABN needs to match. If it doesn't 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
• A receipt or proof of renewal will be accepted for a period of 4 weeks

Avetta staff click here for additional business rule information prior to file verification

Issue Date = Start of coverage date listed on policy

Expiry Date = Coverage end date listed on policy (If the policy is paid on a monthly basis the expiry will be set when the next payment is due)

Insurer = Insurer will be listed in policy content

Policy Number = as specified on the policy

Item  = Type of of coverage / policy (i.e. Public & Products Liability, Public Liability, Broadform Liability, General & Public Liability)

Amount Description = Same as item

Amount = as specified on policy (must be minimum of 10 20 million AUD or equivalent

)

Public and/or Product Liability Insurance - Int

This certification is applied to companies that answer 'International' to the question: In which country is your company registered?

• Business Name (and ABN if shown) needs to match.
  • • • • If it doesn't 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 the policy amount is not in AUD a conversion at the time of processing is

• • • • • to completed to ensure the non AUD amount is greater

• • • • • than the

• • • • • 20,000,000 AUD amount

• Insurance must be current
• The insurer will be located in a country outside of Australia.
• Jurisdiction / Territory / Territorial Scope must include Australia; either through explicitly naming it or by showing 'Worldwide' with no indication of Australia being excluded.

Self Insurance:

• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
• Please click on the following link to see the current list of approved self insured companies in Australia: http://www.srcc.gov.au/information_for_self-insurers/licensees
• Business Name and ABN needs to match. If it doesn't 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
• A receipt or proof of renewal will be accepted for a period of 4 weeks

Avetta staff click here for additional business rule information prior to file verification

Issue Date = Start of coverage date listed on policy

Expiry Date = Coverage end date listed on policy (If the policy is paid on a monthly basis the expiry will be set when the next payment is due)

Insurer = Insurer will be listed in policy content

Policy Number = as specified on the policy

Item = Type of of coverage / policy (i.e. Public & Products Liability)

Amount Description = Same as item

Amount = as specified on policy (must be minimum of 20 million AUD or equivalent)