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title	Personal Accident, Injury and Sickness

Click HERE to be redirected to the confluence page which is specific to all Pegasus Safety Personal Accident, Injury and Sickness

Certification

Certification Requirements

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Examples

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	personalaccidentinjurysickness
	personalaccidentinjurysickness

Personal Accident, Injury and Sickness

There is no minimum amount for Income Protection and the amount does not need to be recorded
Must be current
Must specify Income Protection or Accident and Sickness
Policy will be in an individuals name

NOTE: 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

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

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title	Professional Indemnity

Certification

Certification Requirements

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Examples

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	professionalindemnity
	professionalindemnity

Insurance.Professional Indemnity.Cert of Currency

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
The minimum amount for Professional Indemnity Insurance is $10,000,000 AU
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 the 10,000,000 AUD amount
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

Accepted

Professional Indemnity

Errors & Omissions

Professional Liability

Self Insurance

If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance;
please click on the following link to see the current list of approved Self Insured companies in Australia: http://www.srcc.gov.au/self_insurance/current_licensees.

NOTE: 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

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 for a minimum of $10,000,000 AU)

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title	Public / Product Liability

Certification

Certification Requirements

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Examples

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	publicandproductliability
	publicandproductliability

Insurance.Liability.Public and / or Product

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 amount of 20 million dollars Australian for any one occurrence; Coverage amount to be recorded;If less than 20 million (AUD) the policy is to be returned
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 the 20,000,000 AUD amount
Insurance must be current
If the company supplies a 'requires approval' policy type (as listed in below table) a Product Disclosure Statement (PDS) is required before escalation.
- 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 will be escalated

Avetta verifiers click here for additional information prior to verification of this company compliance

Accepted

Requires Approval

Not Accepted

Public Liability

Public and Products Liability

Broadform Liability

Third Party Liability

General Liability

Business Liability

Legal Liability

(if Legal Liability is referred to in the coverage amount it will need to be sent to site for approval)

Umbrella Liability

IT Liability

**

Umbrella Liability

Product Only

IT Liability

** If the type of insurance is Legal Liability, however the amount states Public and Products or Public or one of the accepted types of insurance we would approve.

If the type of insurance is Legal Liability and the amount only states Limit of Liability or Legal Liabilty then we would require site approval for this

Note: Insurance types can be listed in the limit section of the policy.

Eg. 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.

Self Insurance

If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance;
please click on the following link to see the current list of approved Self Insured companies in Australia: http://www.srcc.gov.au/self_insurance/current_licensees.

NOTE: 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

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

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

= The type of cover where its liability limit covers any one occurrence (e.g. if the limit of indemnity states $20M any one occurrence in respect of public liability AND in the aggregate in respect of the product liability, we will only record public liability as the amount description)
Amount = as specified on policy (must be minimum of 20 million AUD or equivalent

Accepted:

Limit of Liability:

Public Liability $20,000,000
Public & Products Liability $20,000,000
Broadform Liability $20,000,000

Not Accepted:

Limit of Liability:

Public Liability $10,000,000 Product Liability $10,000,000

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