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publicandproductsliability | publicandproductsliability | Insurance.Liability.Public & Products- 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 below) 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
IMPORTANT: Pegasus IMPORTANT: Avetta staff click HERE for additional information
Accepted Policy Types (Approved) | Requires Approval Policy Types (Escalation) | Not Accepted Policy Types (Return) |
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Public Liability | IT Liability | Product Only Liability |
Public and Products Liability | Legal Liability |
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Broadform Liability | Commercial Liability |
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General Liability |
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Business |
LiabilityUmbrella 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.
IMPORTANT: Pegasus Liability |
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Umbrella Liability |
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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: 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.
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