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| publicandproductsliability |
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| publicandproductsliability |
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Certification | Certification Requirements | Upload Requirement | Examples |
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Insurance.Liability.Public and / or Product | Umbrella Agreements are not acceptedcondition- Condition
- Company name on document must match the details registered in
| Onsite Track Easy and ABN if listedIf a certificates states a company name and ‘its subsidiaries’ then this is ok to accept, please add to the business rule for future reference- the Contractor Management Portal
- A certificate stating the company name and "its subsidiaries "is acceptable.
| - The actual public liability amount must meet or exceed
| AUS$20000Please record - Record certificate validity dates as per
| document- document
- If the premium is paid monthly, the certificate of currency is only valid for that month.
| They - The company will need to update monthly
| .- , Public and Products Liability
| Broad form Liability- , Broadform Liability, General and products, "Combined general liability insurance" when "Public and product" level of insurance is
| included- included
- Requires Approval:
| Liability Only- Only
- If a policy is submitted and refers to the liability cover under another name (as mentioned in the table above, under “REQUIRES APPROVAL”),
| we - Whitehaven will need to request from the company an excerpt of the policy which explains what the insurance policy covers where it is not called “public liability”.
- If the document is not one of the “ACCEPTED” forms of Public Liability types, it must be referred to Whitehaven for approval.
- All accepted Public Liability policies must be a minimum of 20 million dollars Australian, or equivalent in US Dollars or Euro, for any one occurrence.
- If the amount shown on the document is not listed as an Australian Dollar amount (e.g. US or EURO), use a currency converter to check the amount - if the conversion at the verification processing time meets the required Australian Dollar amount the document can be approved. In the Comment Field please enter the confirmation that the currency converter process has been completed e.g. ‘Currency Converted and meets the AUD minimum amount required’.
*If the policy is paid on a monthly basis, the document must show when the recent payment was made or when the next payment is due | Example of unacceptable insurances: - Product Liability - $20,000,000 (Unacceptable as it is only product liability - Public liability needs to be included)
- Public Liability Policies under $20,000,000
- A Policy where the minimum insured amount is split amongst the different types of cover
E.g. Products Liability $10,000,000 and Public Liability $10,000,000 = $20,000,000.
Examples of acceptable insurances: - Limit of Liability
- Public Liability $20,000,000
- Public & Products Liability for any one occurrence $20,000,000
- Broadform Liability $20,000,000
- Commerical Umbrella insurance is acceptable if uploaded with a public and product liability policy covering a minimum of $10mil for Public liability and $10mil for Products liability. The expiry will then be the policy expiring first.
Accepted Example for "Combined general liability insurance" when "Public and product" level of insurance is included: Image Added
NOTE: The 'CERT Type' data such as Insurer, Policy Number, Item and amount do not be complete when verifying the data for this certification |
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