- Business Name and NZBN (New Zealand) or ABN (Australia)needs to match. If it doesn't match, government certified evidence must be provided to link the NZBN (New Zealand) or ABN (Australia)or business names together. This is ideally a letter or download from NZBN (New Zealand) or ABN (Australia)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 $10 million dollars New Zealand for any one occurrence; Coverage amount to be recorded; If less than $10 million (NZD (New Zealand) or AUD (Australia)) the policy is to be returned
- If the policy amount is not in NZD (New Zealand) or AUD (Australia) and the policy is worldwide, a conversion at the time of processing is to be completed to ensure the non NZD (New Zealand) or AUD (Australia) amount is equal to or greater than the $10 million NZD (New Zealand) or AUD (Australia) amount
- USD converted to NZD (New Zealand) or AUD (Australia) amount of greater than the $10 million is acceptable when the policy applies for work conducted in New Zealand
- Insurance must be current
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NOTE: The type of policy can be listed in the 'liability limit' section of the policy (e.g. under the class or description it may refer to a policy type that 'requires approval' however under the limit or interest insured section if it refers specifically to an accepted type listed above this would be deemed acceptable.