Page Comparison

Income Protection Insurance

• Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
• 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

Marine Insurance

• Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
• Must be current
• Must specify the state in which the certification has been uploaded for
• Must specify Marine 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 = As specified on policy <accepted type> Marine Insurance
• Amount Description = As specified on policy
• Amount = As specified on policy

Motor Vehicle 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 ABR showing the linkage
• Include list / schedule of vehicles covered
• Visy will accept a certificate off currency / policy statement and a separate list of relevant vehicles covered by the policy. This list may be from the insurance company or prepared by the contractor company
• Must be minimum 10 million (AUD) coverage for 3^rd Party Liability / Legal Liability / 3^rd Party Property/ 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> Motor Vehicle Insurance
• Amount Description = As specified on policy <3^rd Party Liability / Legal Liability / 3^rd Party Property>
• Amount = as per policy (minimum of 10 million AUD)

• 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
• Minimum coverage of AUS$5,000,000 (or equivalent in countries other than Australia). Where coverage of less than AUS$5,000,000 this will need to be approved by the contractors Site or Regional Risk Manager
• Must be current
• If the policy does not list Professional Indemnity / Liability or Errors and Omissions a Product Disclosure Statement (PDS) is required before escalation.
• If PDS states Professional Indemnity or Errors and Omissions coverage – the insurance and PDS needs to be uploaded together for approval
• If the PDS does not specify Professional Indemnity or Errors and Omissions it will be escalated

• 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 be minimum of 5 million AUD or equivalent)

• 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 a letter or download from ABR showing the linkage;                                                    
• Minimum amount of 10 20 million dollars Australian for any one occurrence; Coverage amount to be recorded; If less than 10 20 million (AUD) the policy is to be returnedreturned             
• If the policy amount is not in AUD a conversion at the time of processing is to completed to ensure the non AUD amount is greater then than the 1020,000,000 AUD amount
• Insurance must be currentcurrent                                                                                            
• If the approved type is no specified clearly company supplies a 'requires approval' policy type (as listed in below table) a Product Disclosure Statement (PDS) is required before sitet approval can be obtainedescalation.                                            
• If PDS states Public Liability coverage – the insurance and PDS needs to be uploaded together for approvalapproval                                                         
• If the PDS does not specify Public Liability it will be escalatedescalated             

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 = 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 specific on policy (must be minimum of 10 of 20 million (AUD) or equivalent)