Mining Business Rules | Mastermyne | Insurances

Professional Indemnity Insurance

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from Australian Business Register 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 is shown on company compliance paperwork verse what is shown in onsite.
• Must be a minimum amount of $1,000,000 or greater where specified in contract.
• Must state Professional Indemnity
• The certificate must be dated in the last 12 months and must cover for the current date
• If the company indicates 'Self Insured' a signed letter is to be uploaded from the contracting partner. This will be escalated to consider the financial creditworthiness of the contracting partner and the risk profile of the contract.

• 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 = Professional Indemnity
• Amount Description = Same as item
• Amount = As specified on policy

Public & Product Liability

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from Australian Business Register 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 is shown on company compliance paperwork verse what is shown in onsite.
• If a certificate states a company name and ‘its subsidiaries’ then this is ok to accept where the contracting partner is listed on the certificate
• The public liability amount must meet or exceed AUS $20,000,000
• All accepted Public Liability policies must be a minimum of AUS $20,000,000 dollars, 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.
  • Note: 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’

Accepted Types:

• Public Liability
• Public and Products Liability
• Broad Form Liability
• General and Products
• "Combined General Liability Insurance" when "Public and Product" is included

Requires Approval:

• General Liability
• Business Liability
• Legal Liability
• Umbrella Liability

Not Accepted:

• IT Liability
• Product Liability only

• 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)

Workers Compensation ACT

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure the coverage references ‘ACT’ or ‘Australian Capital Territory’

• Issue Date = Start of coverage date
• 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 = ACT Workers Compensation

Workers Compensation NSW

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure there is a 'NSW Scheme' OR 'Coal Mines Insurance' OR 'icare' logo displayed on the document
  

• Issue Date = Start of coverage date
• 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 = NSW Workers Compensation

Workers Compensation NT

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure the coverage references ‘NT’ or ‘Northern Territory’

• Issue Date = Start of coverage date
• 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 = NT Workers Compensation

Workers Compensation QLD

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure there is a 'WorkCover Queensland' logo displayed on the document
  

• Issue Date = Start of coverage date
• 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 = QLD Workers Compensation

Workers Compensation TAS

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure the coverage references ‘TAS’ or ‘Tasmania’

• Issue Date = Start of coverage date
• 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 = TAS Workers Compensation

Workers Compensation VIC

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure there is a 'WorkSafe Victoria' logo OR 'Authorised Agent of the Victorian WorkCover Authority' displayed on the document

• Issue Date = Start of coverage date
• 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 = VIC Workers Compensation

Workers Compensation WA

• Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
• P/L / Pty LTD / Pty Limited can be accepted in any of these forms if also listed as the name in the system
• Aust / Australia can be accepted in any of these forms if also listed as the name in the system
• Ttee (means trust) this is acceptable as long as the rest of the name matches
• If document is addressed to a slightly different name however the Legal or Trading name is listed on the certificate of currency and matches this is acceptable
• If documented refers to ‘Self Insurance / Insurer’ this will need to be escalated for approval
  
• Ensure the coverage references ‘WA’ or ‘Western Australia’

• Issue Date = Start of coverage date
• 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 = WA Workers Compensation