Insurance – Policy and Options

TERM OF POLICY: The Alliance Financial Year being July 1 to June 30 in the following year

NEW INSURANCE – INITIAL PERIOD UNTIL RENEWAL
Insurance is synchronised with the Alliance Financial Year. When applying for New Insurance after July 1 and before the next June 30, the initial period is less than 12 months. For this reason the initial insurance is discounted on a ProRata Basis and is automatically factored into the Fee.

INSURANCE BROKER –
    
BMS RISK SOLUTIONS PTY LTD
     L3 360 Little Collins Street, Melbourne, Victoria,
     T: 1800 931 070
     E: asa@bmsgroup.com
    W: www.bmsgroup.com

POLICY:
Professional Indemnity with Public and Product Liability
Policy Form: For Claims Made & Reported

Limits
per member
  L1 – Level 1 Insurance    L2 – Level 2 Insurance
Professional  
Indemnity*
  $ 1,000,000 any one occurrence,
  $ 3,000,000 in the aggregate
  $ 5,000,000 any one occurrence,
  $15,000,000 in the aggregate
Public Liability and
Products Liability 
  $20,000,000 any one occurrence,
  $60,000,000 in the aggregate
  $20,000,000 any one occurrence,
  $60,000,000 in the aggregate

*The Policy applies to each Adult and Concession member individually.
For a Group 1 or 2  it applies only to the Group as a collective or umbrella for those nominated
.
NOTE:  Aggregate means – the total and maximum for the term of the policy period.

Additional Cover, Benefits,
and Sub-Limits
BMS
Costs Inclusive
Court Attendance Up to $250 per day, maximum of $10,000
Public Relations (PR) Expenses $50,000 any one occurrence and in the aggregate
Criminal or Penal Proceedings
Reimbursement Fund
$500,000 any one occurrence and in the aggregate
Coronial Enquiries $500,000 each occurrence and in the aggregate
Intellectual Property $100,000 any one occurrence and in the aggregate
Excess $300.00 each occurrence
Retroactive Date As per expiring policy or if a new policy, inception date
Extended Reporting Period 60 Days
Loss of Documents $100,000
Free Legal Consultation Initial consultation (no aggregate limit)
Territorial Limits Worldwide excluding USA and its protectorates
Run-off Unlimited
Good Samaritan Acts Included
Dishonesty $500,000
Statutory Fines & Penalties $100,000

        NOTE:  Aggregate means – the total and maximum for the term of the current policy period.

AVAILABILITY:
The Insurance Package is only available to members.