Professional Documents
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Association Presentation
Association Presentation
Alan Hardaker
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This information may be regarded as general advice. That is, your personal
objectives, needs or financial situations were not taken into account when
preparing this information.
Introduction
• Identification and treatment of risk.
• Legislation and the law.
• Liability Insurance.
• Association Liability Insurance.
• Voluntary Workers Insurance.
• Property Insurance.
• Personal Insurance.
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• Statutory obligations.
• Tort reforms.
• Civil Liability Act 2003.
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Liability Insurance
What is excluded.
• Advertising liability
• Aggravated, Punitive or Exemplary Damages.
• Aircraft and Watercraft.
• Asbestos.
• Contractual Liability.
• Electronic Data.
• Employers’ Liability.
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What is excluded.
• Fines, Penalties and/or Liquidated Damages.
• Industrial Awards.
• Loss of use.
• Pollution.
• Professional Liability.
• Terrorism.
• Vehicles.
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Duty of disclosure
Under section 21A of the Insurance Contacts Act 1984, you are obliged
to disclose exceptional circumstances which are either known to you or a
reasonable person in the circumstances would be expected to know
would be relevant to the Insurance company's decision whether or not to
accept the risk and if so on what terms.
Failure to comply with the duty of disclosure may result in the cancellation
of your Insurance contract or the denial of your claim.
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Professional Indemnity.
This section of the Policy provides protection
to the Association, office bearer and
employees, for claims that arise from any
advice they give to third parties and members.
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Office Bearers.
This section of the Policy provides personal
protection to all office bearers for claims that
arise from wrongful acts, committed whilst
representing their Association.
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Entity Insurance.
This section of the Policy provides protection
to the Association itself for claims not covered
under other sections of the Policy. This is a
key area of coverage for all Associations.
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Employment Practices.
This section of the Policy provides protection
to the Association for any legal liability to pay
from claims arising from Employment
Practices. The cover is subject to various
conditions.
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Fidelity.
This section of the Policy provides protection
to the Association for loss of money due to
dishonesty of an office bearer in the conduct
of the Association’s professional duty.
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Voluntary Workers
Property Insurance
• Material Damage.
• Burglary and theft.
• Property in transit.
• Excesses and self retention.
• Income and revenue.
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Personal Insurance
Questions