Pegasus Transport | Patrick Terminals | Company | Insurances Business Rules

• Insured Name must match that registered and ABN needs to match. If it doesn't match, government certified evidence must be provided to link the ABN and names together. This is ideally a  letter or download from ABR showing the linkage;
• 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  

• A receipt or proof of renewal will be accepted for a period of 4 weeks

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

• 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 20 million AUD Third Party ) UNLESS the policy is for comprehensive, in which case the amount can be 0

• Individual name on policy to match the name registered in the system
• There is no minimum amount for Income Protection and the amount does not need to be recorded
• Must be current
• Must specify Personal Accident, Illness & Injury Insurance
  
• A receipt or proof of renewal will be accepted for a period of 4 weeks

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 = Personal Accident, Illness & Injury Insurance as specified on the policy
• Amount Description = not required
• Amount = not required

Public and/or Product Liability Insurance - Aus

This certification is applied to companies that answer 'Australia' to the question: In which country is your company registered?

• Business Name (and ABN if shown) 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;
        • 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 million dollars Australian for any one occurrence; Coverage amount to be recorded
  • • • • If less than 20 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 than the 20,000,000 AUD amount
• Insurance must be current
• The insurer will be located within Australia.
• Jurisdiction / Territory / Territorial Scope (if shown) must include Australia; either through explicitly naming it or by showing 'Worldwide' with no indication of Australia being excluded.

NOTE: If no Jurisdiction / Territory / Territorial Scope is explicitly shown but you can see the policy has been issued in Australia, it is implied that the coverage is for Australia which is acceptable

Self Insurance:

• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
• Please click on the following link to see the current list of approved self insured companies in Australia: http://www.srcc.gov.au/information_for_self-insurers/licensees
• 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
• A receipt or proof of renewal will be accepted for a period of 4 weeks

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

Avetta staff click here for additional business rule information prior to file verification

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)

Amount Description = The type of cover where its liability limit covers any one occurrence (e.g. if the limit of indemnity states $20M any one occurrence in respect of public liability AND in the aggregate in respect of the product liability, we will only record public liability as the amount description)

Amount = as specified on policy (must be minimum of 20 million AUD or equivalent)

Public and/or Product Liability Insurance - Int

This certification is applied to companies that answer 'International' to the question: In which country is your company registered?

• Business Name (and ABN if shown) 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;
        • 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 million dollars Australian for any one occurrence; Coverage amount to be recorded.
  • • • • 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 than the 20,000,000 AUD amount
• Insurance must be current
• The insurer will be located in a country outside of Australia.
• Jurisdiction / Territory / Territorial Scope must include Australia; either through explicitly naming it or by showing 'Worldwide' with no indication of Australia being excluded.

Self Insurance:

• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
• Please click on the following link to see the current list of approved self insured companies in Australia: http://www.srcc.gov.au/information_for_self-insurers/licensees
• 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
• A receipt or proof of renewal will be accepted for a period of 4 weeks

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

Avetta staff click here for additional business rule information prior to file verification

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)

Amount Description = The type of cover where its liability limit covers any one occurrence (e.g. if the limit of indemnity states $20M any one occurrence in respect of public liability AND in the aggregate in respect of the product liability, we will only record public liability as the amount description)

Amount = as specified on policy (must be minimum of 20 million AUD or equivalent)

• 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.
• No minimum amount of coverage is required.
• Must be current
• If the policy does not list Professional Indemnity a Product Disclosure Statement (PDS) is required before escalation.
• If PDS states Professional Indemnity coverage – the insurance and PDS needs to be uploaded together for approval
• If the PDS does not specify Professional Indemnity it will be escalated 
  Self Insurance
• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
• Please click on the following link to see the current list of approved self insured companies in Australia: http://www.srcc.gov.au/information_for_self-insurers/licensees

• A receipt or proof of renewal will be accepted for a period of 4 weeks

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
• Amount Description = Same as item
• Amount = as specified on policy
  

• A receipt or proof of renewal will be accepted for a period of 4 weeks