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
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