Great River City Light Rail | Company Business Rules | Insurances

• Individuals name to match the name registered in the system
• There is no minimum amount for Income Protection and the amount does not need to be recorded
• Must be current
• Must specify the state in which the certification has been uploaded for
• Must specify Income Protection or Accident and Sickness or Personal Injury & Illness Insurance

• 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 = Income Protection or Accident and Sickness as specified on the policy
• Amount Description = not required
• Amount = not required

• 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
• The minimum amount for Professional Indemnity Insurance is $10,000,000 AU
• 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 then the 10,000,000 AUD amount
• Must be current
• Must state one of the accepted types as listed in the below table
• If the policy does not list one of the accepted types a Product Disclosure Statement (PDS) is required before escalation.
• If PDS states on of the accepted types – the insurance and PDS needs to be uploaded together for approval
• If the PDS does not specify Professional Indemnity it will be escalated

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/self_insurance/current_licensees.

• 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 specific on policy (must for a minimum of $10,000,000 AU)