Mining Business Rules | Middlemount | Company | Insurances

• Business name needs to match. If it does not match, request a further certificate of insurance from the contractor noting the name of MCPL’s contracting partner.
• 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.
• Include list / schedule of vehicles covered if applicable or an umbrella policy covering all motor vehicles registered under that company name.
• Accepted types: Motor Vehicle, CTP, Comprehensive, Motor Fleet, Third Party Property

• 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 <3^rdParty Liability / Legal Liability / 3^rd Party Property> EXCEPT amount not required for Comprehensive
• Amount= as per policy (minimum of 10 million AUD) EXCEPT amount not required for Comprehensive

• Business Name and ABN (if listed) needs to match. If it does not match, request a further certificate of insurance from the contractor noting the name of MCPL’s contracting partner.
• 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 is shown in onsite.
• Must be a minimum amount of $1,000,000 or greater where specified in contract.
• Must state Professional Indemnity
• The certificate must be dated in the last 12 months and must evidence dates of insurance cover for the current date

Self-Insurance

·         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 specified on policy (no minimum amount required as this is set per contract)

• Company name on document must match the details registered in Onsite Track Easy and ABN if listed
• 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 is shown in onsite.
• If a certificate states a company name and ‘its subsidiaries’ then this is ok to accept where the contracting partner is listed on the certificate
• The actual public liability amount must meet or exceed AUS$20,000,000
• All accepted Public Liability policies must be a minimum of 20 million dollars Australian, or equivalent in US Dollars or Euro, for any one occurrence.
• If the amount shown on the document is not listed as an Australian Dollar amount (e.g. US or EURO), use a currency converter to check the amount - if the conversion at the verification processing time meets the required Australian Dollar amount the document can be approved.  In the Comment Field please enter the confirmation that the currency converter process has been completed e.g. ‘Currency Converted and meets the AUD minimum amount required’.
• Please record certificate validity dates as per document

• If a certificate is submitted and refers to the liability cover under another name (as mentioned in the table above, under “REQUIRES APPROVAL”), we will need to request from the company a revised certificate of insurance naming the contracting partner

If the document is not one of the “ACCEPTED” forms of Public Liability types, it must be referred to MCPL for approval.

• 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