Professional Indemnity Insurance | - Insured Name must match company registered and NZBN needs to match. If it does not match, government certified evidence must be provided to link the NZBN and names together. This is ideally a letter 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
- If the policy does not list one of the accepted types, a Product Disclosure Statement (PDS) is required before escalation.
If PDS states one 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 Chorus. Refer to the terms of your contract, Purchase order or contact your Chorus representative.
- Must state one of the accepted types as listed below
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 the policy
- Amount = as listed on policy
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Public and / or Product Liability Insurance | - Insured Name must match company registered and NZBN needs to match. If it does not match, government certified evidence must be provided to link the NZBN and names together. This is ideally a letter 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 required for upload. However the value that the policy covers, should meet requirements based on the work activities you will perform and will be listed on your agreements
- Policy in any currency will be accepted
- Insurance must be current
ACCEPTED TYPES: - Public Liability - Public & Products Liability - Broadform Liability - General Liability - Business Liability - Legal Liability - Umbrella Liability REQUIRES CHORUS AUTHORISATION: - Commercial Liability - Third Party Liability - *Important: a product disclosure statement (PDS) is required to be uploaded with these types of policies before escalation to site. - If PDS states Public Liability coverage - the insurance and PDS needs to be uploaded together for approval. If the PDS does not specify Public Liability it be escalated. NOT ACCEPTED: - IT Liability - Product Only
| - 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 the policy
- Amount = as listed on policy
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Income Protection Insurance | - Insured?Name must match company registered?and NZBN needs to match. If it does not match, government certified evidence must be provided to link the NZBN and names together. This is ideally a letter 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
- 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?= as specified on the policy
- Amount?= not required
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