Retail Business Rules | City FM | Aus | 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 and 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;
  NOTE: If a letter of linkage is supplied, the documentation will need to be sent to site for their approval prior to verification
• Minimum amount of 20 million dollars Australian for any one occurrence; Coverage amount to be recorded;If less than 20 million (AUD) the policy is to be returned
• Insurance must be current

Note: Insurance types can be listed in the limit section of the policy.

Eg. Under the Class or description it may refer to General Liability however under the limit or interest insured section if it refers specifically to an accepted type listed above this would be deemed 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/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 = 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 20 million AUD

 Insurance.Professional Indemnity.Cert of Currency

• 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
• NOTE: If a letter of linkage is supplied, the documentation will need to be sent to site for their approval prior to verification
• The minimum amount for Professional Indemnity Insurance is $5,000,000 AU
• 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 $5,000,000 AU)

• Name on policy to match the name 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

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

Workers Compensation Cross Border Declaration

Click here to download the template

• Must complete and attach the template provided in the question.
• Must be on company letter head
• Business Name on the letterhead to match the organisation registered. 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.
• NOTE: If a letter of linkage is supplied, the documentation will need to be sent to site for their approval prior to verification

Pegasus staff click HERE for additional business rule information prior to file verification

Issues Date = date of letter

Expiry Date = Not Required