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 $20 million dollars New Zealand for any one occurrence; Coverage amount to be recorded; If less than $20 million (NZD) the policy is to be returned (even if you were previously approved with 10 million coverage, this is no longer acceptable).
- 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 $20 million NZD amount
- USD converted to NZD amount of greater than the $20 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 20 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. |
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