Construction Business Rules | John Holland | Company Business Rules | Insurances

 Income Protection

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Personnel Income Protection
  • Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
  • There is no minimum amount for Income Protection and the amount does not need to be recorded
  • Must be current
  • Must specify the state in which the certification has been uploaded for
  • Must specify Income Protection or Accident and Sickness
  • 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

 Motor Vehicle Insurance

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Motor Vehicle Insurance

Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
- 3rd party personal and property or Comprehensive cover to be listed
- No minimum coverage requirement
- Duration as per document expiry date
- Black & White or colour copy acceptable
- ABN to be verified
- Must be current

Accepted Types:

  • Motor Vehicle
  • Motor Vehicle Fleet Insurance
  • Motor Composite Insurance
  • Industrial Special Plant Insurance (Motor Vehicle’s need to be listed)
  • Commercial Motor Insurance 
  • Commercial Motor Vehicle and Machinery Insurance
  • Comprehensive Insurance
  • Yellow Cover (Must include list of vehicles)

  • 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 <3rdParty Liability / Legal Liability / 3rd Party Property /Comprehensive>
  • Amount = as per policy (if shown on policy) UNLESS the policy is for comprehensive, in which case the amount can be 0
 Plant and Equipment Insurance

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Plant & Equipment Insurance

Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
- No minimum coverage requirement
- Duration as per document expiry date
- Black & White copy acceptable
- If there are any special conditions these must also be uploaded
- must be current

Accepted Types:

  • Plant & Equipment
  • Mobile Plant & Machinery
  • Motor Vehicle Fleet Insurance (must have Equipment listed and not just Motor Vehicle)
  • Industrial special Plant Insurance
  • Driveline Plant and Machinery Policy
  • General Property Insurance
  • Commercial Motor Vehicle and Machinery Insurance
  • Yellow Cover (Must include list of equipment)
  • Issue and expiry date to be recorded
  • If policy is paid monthly please enter expiry as paid to date
 Public and Product Liability

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Public and/or Product Liability Insurance
  • Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
    - Minimum amount of $20 million dollars AU for any one occurrence
    - International policies accepted provided it is equivalent to $20 million dollars AU
    - Must be in AUD
    - Duration as per document expiry date
    - Black & White copy acceptable
    - Must be current

    Accepted Types:
    - Public Liability
    - Public & Products Liability
    - Broadform Liability
    - General Liability
    - Business Liability
    - Legal Liability
    - Umbrella Liability
    - Commercial Liability
    - Speciality 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 20 million AUD or equivalent)

 Professional Indemnity

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Professional Indemnity
  • Company Name needs to match. If it doesn’t match, evidence must be provided to link the business names together. Ideally, this is a letter or download from the ABR showing the linkage.
    - Details of insured activities and amount insured for each
    - Minimum $1 million AU Insured amount
    - Must be in AUD
    - Duration as per document expiry date
    - Black & White copy acceptable
    - Must be current

    Accepted Types:
    - Professional Indemnity
    - Errors & Omissions
    - Civil 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 = Professional Indemnity
    • Amount Description = Same as item
    • Amount = as specific on policy (must be minimum of 1 million AUD or equivalent)

 Workers Compensation
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Workers Compensation (All States)
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