OTIS Business Rules | Insurances and ASIC

Australian Companies

• Must be issued by ASIC (Australian Securities & Investments Commission)
• 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 or a Trust Deed
• 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.
• Duration as per document

New Zealand Companies
Must be issued by New Zealand Companies Office.
Business Name and Number needs to match

Other Countries
Certificate of company registration from relevant government body.
Business Name and Number needs to match

AUSTRALIA

• Issue and expiry date to be recorded

NEW ZEALAND & OTHER

• Issue date to be recorded
• Expiry = today's date + 30 years

Company Director and Secretary Details

• All fields on the form are to be filled out:
  • Company Name
  • Current Date
  • Full Legal Name
  • Address
  • Nationality
  • DOB
  • Place of Birth
  • Title

Instructions for Company:

1. Click here to download the Otis form
2. Complete the form by entering the relevant company details
3. In Microsoft Word, "save as" and select your desktop or documents folder.
4. Click the "Upload" on this page and then "choose file" button to browse to your desktop or documents folder and select the completed file.

• Pegasus team will verify that company name needs to match what is in Onsite

• All fields on the form are to be filled out:
  • Partner full legal name
  • Address
  • Nationality
  • DOB
  • Place of Birth
  • Title

Instructions for Company:

1. Click here to download the Otis form
2. Complete the form by entering the relevant company details
3. In Microsoft Word, "save as" and select your desktop or documents folder.
4. Click the "Upload" on this page and then "choose file" button to browse to your desktop or documents folder and select the completed file.

Sole Trader Company Details

All fields to be filled out

• Company Name
• Current Date
• Owners full legal name
• Address

Instructions for Company:

1. Click here to download the Otis form
2. Complete the form by entering the relevant company details
3. In Microsoft Word, "save as" and select your desktop or documents folder.
4. Click the "Upload" on this page and then "choose file" button to browse to your desktop or documents folder and select the completed file.

• Whilst not a legal requirement, it is good practice for sole traders to have income protection, and it is an Otis requirement for Australian and New Zealand sole traders

• Income protection is in a individual name therefore No ABN will be on the document.
• 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.
• 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

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

• 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

• Must be a current Australian Public / Product Liability document
• Limit of liability is a minimum of $10 AU million for Australia.
• Otis will accept special and general liability insurance as long as it mentions that it covers Public Liability insurance within the policy
• Must match the companies name in the system
• 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.
• The ABN (Australian Business Number) must match
• 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’.

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

• Period of Insurance dates (start and end) to be recorded as the issue and expiry dates in the system
• 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 = Public and Products TYPE
• Amount Description = Public and Products liability
• Amount = As displayed on the policy

• Must be a current New Zealand Public / Product Liability document
• Limit of liability is a minimum of $5 NZD million
• Otis will accept special and general liability insurance as long as it mentions that it covers Public Liability insurance within the policy
• Must match the company name in the system
• The NZBN (New Zealand Business Number) must match

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

• • Period of Insurance dates (start and end) to be recorded as the issue and expiry dates in the system
  • 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 = Public and Products TYPE
  • Amount Description = Public and Products liability
  • Amount = As displayed on the policy

• Must be a current Fijian Public / Product Liability document
• Limit of liability is a minimum of $5 FJD Million 
• Otis will accept special and general liability insurance as long as it mentions that it covers Public Liability insurance within the policy
• Must match the company name in the system
• The Fiji Company Registration / Tax Number

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

• Period of Insurance dates (start and end) to be recorded as the issue and expiry dates in the system
• 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 = Public and Products TYPE
• Amount Description = Public and Products liability
• Amount = As displayed on the policy

• Must be a current Vanuatuan Public / Product Liability document
• Limit of liability is a minimum of $432 VUV Million  ($5M AUD)
• Otis will accept special and general liability insurance as long as it mentions that it covers Public Liability insurance within the policy
• Must match the company name in the system
• The Vanuatu Company Registration / Tax Number

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

• Period of Insurance dates (start and end) to be recorded as the issue and expiry dates in the system
• 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 = Public and Products TYPE
• Amount Description = Public and Products liability
• Amount = As displayed on the policy

• Must be a current professional indemnity insurance
• Limit of liability is a minimum of $5M for AU and $2M for NZ
• Must match the companies name in the system
• 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.
• The ABN must match
• Consulting includes professional technical or design services and typically in writing. (Example: Engineering design, drafting, and inspection and testing)

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

• 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 as specified on the policy
• Amount Description = As specified on the policy
• Amount = As specified on the policy

State Specific Generic Workers Compensation Certifications - Click HERE to be redirected to the confluence page which is specific to all sites workers compensation certifications

• Certificate of currency for accident insurance with the following details:

• Name of insurer
• Policy Number
• Expiry Date
• Sum Insured
• Restrictions

• Look for validity dates. If the premium is paid monthly, the certificate of currency is only valid for that month. They will need to update monthly.

• Company name and ABN must match the details registered in Onsite Track Easy.
• Issue and Expiration as per certificate of currency

• Certificate of Currency for ACC – Primary Workers compensation insurance
• Name of insurer
• Policy Number
• Expiry date
• Company name and ABN must match the details registered in Onsite Track Easy.
• 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.
• Note: All old SA Workers Comp certs that do not have an expiry listed on the document need to have an expiry of 30.06.2016 recorded as the expiration within Onsite (Unless advised otherwise by site). Following this date all companies will be issued the new version of SA Workers comp which will show a 1-year duration and be called ‘Certificate of Registration’.

• • Issue and expiry date to be recorded

• Certificate of Currency for ACC – Secondary Workers compensation insurance
• Name of insurer
• Policy Number
• Expiry date
• Company name and ABN must match the details registered in Onsite Track Easy.
• 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.
• Note: All old SA Workers Comp certs that do not have an expiry listed on the document need to have an expiry of 30.06.2016 recorded as the expiration within Onsite (Unless advised otherwise by site). Following this date all companies will be issued the new version of SA Workers comp which will show a 1-year duration and be called ‘Certificate of Registration’.

• • Issue and expiry date to be recorded

• Certificate of Currency for ACC – Tertiary Workers compensation insurance
• Name of insurer
• Policy Number
• Expiry date
• Company name and ABN must match the details registered in Onsite Track Easy.
• 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.
• Please record certificate validity dates
• Note: All old SA Workers Comp certs that do not have an expiry listed on the document need to have an expiry of 30.06.2016 recorded as the expiration within Onsite (Unless advised otherwise by site). Following this date all companies will be issued the new version of SA Workers comp which will show a 1-year duration and be called ‘Certificate of Registration’.

• • Issue and expiry date to be recorded