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Workers Compensation Insurance
Click HERE to be redirected to the confluence page which is specific to all sites workers compensation certifications Income Protection Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Income Protection Insurance |
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Marine Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Marine Insurance |
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Motor Vehicle Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Motor Vehicle Insurance | - Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. This is ideally a letter or download from ABR showing the linkage
- Include list / schedule of vehicles covered
- Visy will accept a certificate off currency / policy statement and a separate list of relevant vehicles covered by the policy. This list may be from the insurance company or prepared by the contractor company
- Must be minimum 10 million (AUD) coverage for 3rd Party Liability / Legal Liability / 3rd Party Property/ Liability
Accepted Types |
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- CTP
- Comprehensive
- Motor Fleet
- Third Party Property
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| - 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 = As specified on policy <accepted type> Motor Vehicle Insurance
- Amount Description = As specified on policy <3rd Party Liability / Legal Liability / 3rd Party Property>
- Amount = as per policy (minimum of 10 million AUD)
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Professional Indemnity Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Professional Indemnity Insurance
| - 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 coverage of AUS$5,000,000 (or equivalent in countries other than Australia). Where coverage of less than AUS$5,000,000 this will need to be approved by the contractors Site or Regional Risk Manager
- Must be current
- If the policy does not list Professional Indemnity / Liability or Errors and Omissions a Product Disclosure Statement (PDS) is required before escalation.
- If PDS states Professional Indemnity or Errors and Omissions coverage – the insurance and PDS needs to be uploaded together for approval
- If the PDS does not specify Professional Indemnity or Errors and Omissions it will be escalated
Accepted Types |
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- Professional Indemnity
- Professional Liability
- Errors and Omissions
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| - 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 be minimum of 5 million AUD or equivalent)
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Public and/ or Product Liability Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Public &/or Product Liability Insurance | - 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 10 million dollars Australian for any one occurrence; Coverage amount to be recorded;If less than 10 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 10,000,000 AUD amount
- Insurance must be current
- If the approved type is no specified clearly a Product Disclosure Statement (PDS) is required before sitet approval can be obtained.
- 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
Accepted Types | NOT Accepted |
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Public Liability Public and Products Liability Broad form Liability General Liability Business Liability Legal Liability | IT Liability Product Only Umbrella Liability |
| - 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 = Type of of coverage / policy (i.e. Public & Products Liability, Public Liability, Broadform Liability, General & Public Liability
- Amount Description = Same as item
- Amount = as specific on policy (must be minimum of 10 million AUD or equivalent)
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