Utilities Management Business Rules | Transgrid | Insurances

• 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; 

• 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 $20 million dollars Australian for any one occurrence; Coverage amount to be recorded; If less than$20 million (AUD) Pegasus staff will check to see if the lower amount has been approved in previous years. If the coverage amount HAS been approved for the company previously then this can be accepted again for the renewal instance of the policy.

• If the policy amount is not in AUD and the policy is worldwide, a conversion at the time of processing is to be completed to ensure the non AUD amount is equal to or greater than the $20 million AUD amount OR the lower amount that was previously accepted
• USD converted to AUD amount of greater than the $20 million is acceptable when the policy applies for work conducted in Australia

• Insurance must be current                 

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

E.g. 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.

• Issue Date = Coverage start 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 or Certificate Number = as specified on the policy
• Item = Type of of coverage / policy (i.e. Public & Products Liability, Public Liability)
• Amount Description = Same as item
• Amount = as specific on policy

• 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

• 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 Transgrid. Refer to the terms of your contract, Purchase order or contact your Transgrid representative.

• Issue Date = Coverage start 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 or Certificate Number = as specified on the policy
• Item = Professional Indemnity
• Amount Description = Same as item

• Amount = as noted on the policy

Click here to be redirected to the Pegasus National Business Rules for Workers Compensation