- Business Name Company name and ABN needs to must match the details registered. If it does not match, government certified evidence must be provided to link the ABN or business names together. This is ideally a letter a letter or a download from ABR showing the linkage. , a Trust Deed or a letter from the company accountant.
- 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 $20 $10 million dollars Australian for any one occurrence; Coverage amount to be recorded; If less than $20 $10 million (AUD) the policy is to be returned (even if you were previously approved with a different level of coverage, this is no longer acceptable).
- 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 the $10 million AUD amount
- USD converted to AUD amount of greater than the $20 the $10 million is acceptable when the policy applies for work conducted in Australia
- Insurance must be current
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Note: Insurance types Accepted Types | Requires Approval | NOT Accepted |
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IMPORTANT: The minimum amount of coverage MUST be for $10m Public Liability. If public liability is not specifically listed it must be listed in the PDS or escalated to site for approval - Public Liability
- Public and Products Liability
- Broadform 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 policy before escalation to site. 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 | |
NOTE: The type of policy can be listed in the 'liability limit' section of the policy .
E(e.g. under the
Class class or description
, it may refer to
General Liability 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