We Have Been Able to Negotiate the Following Terms for Consideration

Hi Jack,

We have been able to negotiate the following terms for consideration:

Insured :

Ratepayers Victoria Inc

Occupation:

Not for Profit representing the interests of Rate Payers

Note: cover excludes and events / festivals held at premises other than your own where more than 500 attendees are expected unless specifically agreed by endorsement and detailed.

Period of cover:

12 months from date to be advised

Terms Conditions Warranties and Exclusions

Are as per the Ansvar community Service Organisation policy wording and highlighted endorsements

Endorsements

Second Hand Electrical Goods – Products Liability Exclusion

Sexual Abuse Exclusion

Important Note

Cover will not extend to cover any external criminal activity or actions against the land

Limit of Liability

Public Liability any one occurrence $10,000,000

Products Liability : in the annual aggregate $10,000,000

Property in Care custody & Control $ 100,000

Geographical Limits

Anywhere in the World excluding USA or Canada

Excess

$1,000 each and every claim except

Claims for personal injury to labour hire and / or subcontractors which are $5,000 each and every claim.

Premium (Including all charges and GST)

$137.39 each sub-committee / location (RPV would be charged as one of the groups)

Minimum and deposit premium $2747.80 (Including charges and Fees) – based on 20 @ $137.39 per committee / location

Terms Subject To:

Receipt and acceptance of Satisfactory completed proposal prior to inception and payment of premium within 30 days of cover inception.

Insurers reserve the right to amend or withdraw terms should underwriting information differ from that provided prior to placement.

Notes:

Jack, these terms are based on our understanding that the groups will be dropping their incorporation and becoming sub-committees under Ratepayers Victoria Inc .

If the groups were to remain independent the insurer has advised the premium would be $822.25 per entity.

We may have some negotiation over the minimum and deposit premium (ie: based on lower max number of groups) however I do not believe the insurer will budge on the price per committee / location.

I am also talking with a couple of other insurers.

Regards

Marcus Robertson QPIB, Dip.FS (Ins.Brok.)

Insurance Solutions Corporation Pty Ltd

insurance brokers and risk consultants
ABN 65 092 260 672
AFSL 247033
Level 1, 210 Canterbury Road, Canterbury, Vic 3126
PO Box 224, Canterbury, Vic, 3126
Phone: 03 9907 3600 or 1800 817 216
Mobile: 0414 184 179
Fax: 03 9880 7709

Website:

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