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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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Personal Accident, Injury & Sickness (Australia)
| - 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
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Marine Transit Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Marine Transit Insurance | Accepted Types |
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Transit Insurance Marine Cargo Carriers Insurance Combined Cartage Cargo Protect |
| - 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) - Policy Number = as specified on the policy
- Item = As specified on policy <accepted type> Marine Insurance
- Amount Description = As specified on policy
- Amount = As specified on policy
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Plant and Equipment, Vehicle and / or Trailer Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Plant and Equipment, Vehicle and / or Trailer 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 20 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
- Road Risk Liability
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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 20 million AUD)
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Professional Indemnity Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Professional Indemnity 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
- 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 downloads from ABR showing the linkage
- The minimum amount for Professional Indemnity Insurance is $10 Million AU
- 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 10 Million AUD amount
- Must be current
- Must state one of the accepted types as listed in the below table
- If the policy does not list one of the accepted types a Product Disclosure Statement (PDS) is required before escalation.
- If PDS states on of the accepted types – the insurance and PDS needs to be uploaded together for approval
- If the PDS does not specify Professional Indemnity it will be escalated
Accepted Types |
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- Professional Indemnity
- Errors and Omissions
Professional Liability
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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 10 million AUD or equivalent)
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Public and Product Liability Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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Public & Product Liability | - 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 $20 million dollars Australian for any one occurrence; Coverage amount to be recorded; If less than$ 20 million (AUD) the policy is to be returned (even if you were previously approved with 10 million coverage, this is no longer acceptable).
- 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 million AUD amount
- USD converted to AUD amount of reater than the $20 million is acceptable when the policy applies for work conducted in Australia
- Insurance must be current
Accepted Types | Requires Approval | NOT Accepted |
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IMPORTANT: The minimum amount of coverage MUST be for $20m Public and Product Liability. If Public and Product Liability is not specifically listed it must be listed in the PDS or escalated to site for approval. - Public and Products Liability
- Broad form Liability
- General Liability
- Business Liability
- Legal Liability
- Umbrella Liability
| Commercial Liability Third Party Liability IMPORTANT: a Product Disclosure Statement (PDS) is required to be uploaded with the types of policies before escalation. If PDS states Public & Product 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
| IT Liability Public Only Product Only
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Note: Insurance types can be listed in the limit section of the policy. E.g. under the Class or description it may refer to General Liability however under the limit or interest insured section if it refers specifically to an accepted type listed above this would be deemed acceptable. | - 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)
- Amount Description = Same as item
- Amount = as specific on policy (must be minimum of 20 million (AUD) or equivalent)
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Self-Insurance
Certification | Certification Requirements | Upload Requirements | Examples |
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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/self_insurance/current_licensees.
| - 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.self-insurance)
- Amount Description = Same as item
- Amount = As shown on policy
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Plant and Equipment, Vehicle and / or Trailer Insurance 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/self_insurance/current_licensees | - 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.self-insurance)
- Amount Description = Same as item
- Amount = As shown on policy
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Travel/Expat Insurance (Overseas)
Certification | Certification Requirements | Upload Requirements | Examples |
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Travel/Expat Insurance (Overseas) | Business Name needs to match. If it doesn't match, government certified evidence must be provided to link the business names together. These is ideally a letter or download from ABR showing the linkage | - 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.Travel insurance)
- Amount Description = Same as item
- Amount = As shown on policy
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