Schedule 3 Insurances Insurance Schedule Registered Training Organisation INSURANCE COVER IS TO TYPES OF MINIMUM PERIOD OF INCLUDE THE FOLLOWING INSURANCES SUM INSURED INSURANCE If no products are Broad form Public Public Liability Annually for the Is with an approved insurer as being supplied then $20 million duration of the defined in Note 1 of the Liability and only Public Product Liability contract plus the Definitions and Notes below; Each and every Liability cover is duration of any occurrence Is governed by the law of and required. warranty or subject to Australian maintenance jurisdictions as defined in Note Product Liability periods. 2 of the Definitions and Notes $20 million below; Each occurrence Lists the RMS as an additional & in the aggregate named insured; and for all Includes a cross liability clause occurrences as defined in Note 3 of the Definitions and Notes below. Only required if the Motor Vehicle $20 million Annually for the Is with an approved insurer as contractor will use duration of the defined in Note 1 of the Comprehensive For any single a motor vehicle in contract. Definitions and Notes below; or occurrence the course of Covers motor vehicles owned Third Party providing the or used by the Contractor or its Property Damage services or if the sub-contractors directly or contractor will use indirectly engaged in or park their motor performance of the Services; vehicles on and premises owned or Is governed by the law of and occupied by the subject to Australian RMS. jurisdiction as defined in Note 2 of the Definitions and Notes below; Professional $5 million From time Is an approved insurer as Indemnity contract is defined in Note 1 of the Each and every awarded to Definitions and Notes below; occurrence and in completion of the the aggregate for A description of the risk contract all occurrences covered by the policy; plus 6 years One automatic restatement per following period of insurance; and completion of the Is governed by the law of and contract subject to Australian The Insurance jurisdiction as defined in Note can be taken out 2 of the Definitions and Notes as annual covers below. where the cover is to include a retroactive date being the commencement
Schedule 3 Insurances Insurance Schedule Registered Training Organisation TYPES OF INSURANCES MINIMUM SUM INSURED PERIOD OF INSURANCE INSURANCE COVER IS TO INCLUDE THE FOLLOWING Broad form Public Liability and Product Liability Public Liability $20 million Each and every occurrence Product Liability $20 million Each occurrence & in the aggregate for all occurrences Annually for the duration of the contract plus the duration of any warranty or maintenance periods. Is with an approved insurer as defined in Note 1 of the Definitions and Notes below; Is governed by the law of and subject to Australian jurisdictions as defined in Note 2 of the Definitions and Notes below; Lists the RMS as an additional named insured; and Includes a cross liability clause as defined in Note 3 of the Definitions and Notes below. If no products are being supplied then only Public Liability cover is required. Motor Vehicle Comprehensive or Third Party Property Damage $20 million For any single occurrence Annually for the duration of the contract. Is with an approved insurer as defined in Note 1 of the Definitions and Notes below; Covers motor vehicles owned or used by the Contractor or its sub-contractors directly or indirectly engaged in performance of the Services; and Is governed by the law of and subject to Australian jurisdiction as defined in Note 2 of the Definitions and Notes below; Only required if the contractor will use a motor vehicle in the course of providing the services or if the contractor will use or park their motor vehicles on premises owned or occupied by the RMS. Professional Indemnity $5 million Each and every occurrence and in the aggregate for all occurrences From time contract is awarded to completion of the contract plus 6 years following completion of the contract The Insurance can be taken out as annual covers where the cover is to include a retroactive date being the commencement Is an approved insurer as defined in Note 1 of the Definitions and Notes below; A description of the risk covered by the policy; One automatic restatement per period of insurance; and Is governed by the law of and subject to Australian jurisdiction as defined in Note 2 of the Definitions and Notes below.
escort-accreditation-scheme-driver-training-agreement.docx