Manufacturing Business Rules | Lion | Company | Insurances

Income Protection

Certification	Certification Requirements	Upload Requirements	Examples
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

Motor Vehicle

Certification	Certification Requirements	Upload Requirements	Examples
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 There is no minimum level of coverage required 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 - 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.

Professional Indemnity

Certification

Certification Requirements

Upload Requirements

Examples

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

Public and Products Liability

Certification	Certification Requirements	Upload Requirements	Examples
Public & Product Liability Insurance	Business Name and NZBN needs to match. If it doesn't match, government certified evidence must be provided to link the NZBN or 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 Minimum amount of $10 million dollars New Zealand for any one occurrence; Coverage amount to be recorded; If less than $10 million (NZD) the policy is to be returned If the policy amount is not in NZD and the policy is worldwide, a conversion at the time of processing is to be completed to ensure the non NZD amount is equal to or greater than the $10 million NZD amount USD converted to NZD amount of greater than the $10 million is acceptable when the policy applies for work conducted in New Zealand Insurance must be current	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 Liability) Amount Description = Same as item Amount = as specific on policy (must be minimum of 10 million (NZD) or equivalent) Note: Proof of purchase such as a receipt for Public Liability can be accepted with a 30 day expiry from submission date.