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Income Protection
Certification | Certification Requirements | Upload Requirements | Examples |
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Income Protection Insurance | - Insured name that is displayed on the document must match that registered and NZBN needs to match what has been registered in the system. If it doesn't match, government certified evidence must be provided to link the NZBN and names together. This is ideally a letter or download from NZBN 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.
- There is no minimum amount for Income Protection and the amount does not need to be recorded
- Must be current
- Must specify Income Protection or Accident and Sickness
| - 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
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Motor Vehicle
Certification | Certification Requirements | Upload Requirements | Examples |
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Motor Vehicle 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 NZBN 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. Include list / schedule of vehicles covered Lion will accept a certificate off currency / policy statement and a separate list of relevant vehicles covered by the policy. This list may be from the insurance company or prepared by the contractor company Must be minimum 20 million (NZD) coverage for 3rd Party Liability / Legal Liability / 3rd Party Property/ Liability Accepted types:
- CTP
- Comprehensive
- Motor Fleet
- Third Party Property
- Commercial Motor
- Road Risk
- Road Risk Liability
- Yellow Cover Road Risk liability to 3rd parties
Must show vehicle/s insured or a reference to coverage for all vehicles | 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 = As specified on policy <accepted type> Motor Vehicle Insurance Amount Description = As specified on policy Amount = as per policy (minimum of 20 million NZD) - Unless Comprehensive (amount not required)
Note: Proof of purchase such as a receipt for Vehicle and / or Trailer Insurance can be accepted with a 30 day expiry from submission date. |
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Professional Indemnity
Certification | Certification Requirements | Upload Requirements | Examples |
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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 NZBN 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.
- 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
- Amount = the minimum level of coverage required will depend on the type of professional service your business is providing to Lion. Refer to the terms of your contract, Purchase order or contact your Lion representative.
ACCEPTED TYPES: - Professional Indemnity
- Errors and Omissions
- Professional Liability
- Civil Liability
| - 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 = As specified on policy <accepted type>
- Amount Description = As specified on policy
- Amount = as per policy
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