Insurance – Policy and Options

INSURANCE PACKAGE

TERM OF POLICY: July 1, 2019 to July 1, 2020

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

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

  Limits per member

  Insurance Option 1

  Insurance Option 2

  Professional  
  Indemnity*

  $ 1,000,000 any one occurrence,
  $ 2,000,000 in the aggregate

  $ 5,000,000 any one occurrence,
  $10,000,000 in the aggregate

  Public Liability and
  Products Liability

  $20,000,000 any one occurrence,
  $40,000,000 in the aggregate

  $20,000,000 any one occurrence,
  $40,000,000 in the aggregate

*Professional Indemnity applies to each Adult and Concession member individually, while in a member Group or Organisation it applies only to the Nominated Representative of that Group or Organisation.
NOTE:  Aggregate means – the total and maximum for the term of the current policy period.

Additional Cover, Benefits,
and Sub-Limits

BMS Group

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 available to all members regardless if they operate as Not for Profit or Businesses