Certification | Certification Requirements | Upload Requirements | Examples |
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Professional Indemnity Insurance Expand |
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title | Public and/or Product Liability Insurance |
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publicproductliabilityinsurance | publicproductliabilityinsurance | | Certification Requirements | Upload Requirements | Examples |
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Public and/or Product Liability Insurance | - Business Name and ABN needs to match. If it does not 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.
- 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 is shown on company compliance paperwork verse what’s shown in onsite
- Minimum amount of $20 million dollars Australian for any one occurrence; Coverage amounts to be recorded; If less than $20 million (AUD) the contractor must upload a copy of the Insurance Schedule from their contract. Pegasus staff will check to see if the lower amount has been approved in the contract and matches the certificate of currency uploaded. If the coverage amount HAS been approved by Zinfra Jemena staff by email, this can also be accepted.
- If the policy amount is not in AUD and the policy is worldwide, a conversion at the time of processing is to be completed to ensure the non-AUD amount is equal to or greater than the $20 million AUD amount OR the lower amount that approved.
- USD converted to AUD amount of greater than the $20 million is acceptable when the policy applies for work conducted in Australia
- Insurance must be current
Accepted Types | Requires Approval | NOT Accepted |
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IMPORTANT: The minimum amount of coverage MUST be for $20m Public and Product Liability.
If Public and Product Liability is not specifically listed it must be listed in the PDS or escalated to site for approval.
- Public and Products Liability
- Broad form Liability
- General Liability
- Business Liability
- Legal Liability
- Umbrella Liability
- Commercial Liability
- Third Party Liability
IMPORTANT: a Product Disclosure Statement (PDS) is required to be uploaded with the types of policies before escalation. - If PDS states Public & Product 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
| - IT Liability
- Public Only
- Product Only
| 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 = Coverage start date listed on policyExpiry Date = Coverage end date listed on policy (If the policy is paid monthly the expiry will be set when the next payment is due)Insurer = Insurer will be listed in policy contentPolicy Number or Certificate Number = as specified on the policyItem = Type of of coverage / policy (i.e., Public & Products Liability, Public Liability)Amount Description = Same as itemAmount = as specific on policyPersonal Accident, Injury & Sickness Insurance
- Individual name on policy to match the name registered in the system
- 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
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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