Insurance - Types of Insurances
- Property
- General & Products Liability
- Professional Indemnity / Medical Malpractice/Veterinary Malpractice
- Director and Officers
- Motor Vehicle Insurance
- Contract Works Insurance
- Group Personal Accident (Volunteer workers and visiting lecturers)
- Group Personal Accident (Students)
- Group Personal Accident (Policing Students)
- Casual Hirers
Property
This policy covers tangible property both real and personal of every kind and description belonging to the insured or for damage to which property the insured is legally responsible or which the insured has assumed responsibility to insure prior to the occurrence of any damage. Property insured includes all property acquired after the commencement of the period of insurance.
Claim procedure and claim form.
General & Products Liability
This policy covers the legal liability of the insured parties to pay damages or compensation arising out of personal injury or damage to property caused by an occurrence in connection with their business of and/or the products.
Claim procedure and claim form.
Professional Indemnity /Medical Malpractice/Veterinary Malpractice
This policy provides indemnity for the Insured against loss arising from any claim in respect of civil liability for breach of a duty owed in a professional capacity first made against the Insured. It also provides indemnity for the Insured against loss arising from any claim in respect of civil liability for libel or slander first made against the Insured. The policy is underwritten on a "claims made" basis. No claim can be made against the policy once the policy has expired or has been cancelled.
Claim procedure and claim form.
Directors & Officers Liability
This policy provides indemnity for the Insured on behalf of a protected person for loss which a protected person is legally liable to pay by reason of any claim first made against such a protected person. The policy is underwritten on a "claims made" basis. No claim can be made against the policy once the policy has expired or has been cancelled.
Claim procedure and claim form
Motor Vehicle Insurance
This policy is a comprehensive insurance policy that covers loss or damage to registered CSU vehicles and/or legal liability arising out of the use of a registered CSU vehicle. The policy operates within the Commonwealth of Australia. Only University-owned vehicles are covered, it does not apply to privately owned vehicles even whilst being used on University business.
All employees authorised to drive University vehicles must adhere to all traffic regulations, drive safely and courteously and familiarise themselves with the University's Driving Hours Policy (Driving Hours Policy, under Administration Manual, Under Fleet Management).
Claim procedure and claim form
Contract Works Insurance
This policy provides coverage for construction and renovation of buildings for Charles Sturt University against a sudden and unforeseen physical loss or damage where construction contracts are carried out within the University's campuses in NSW.
Claim procedure and claim form
Group Personal Accident (Volunteer workers and visiting lecturers)
This policy provides cover for all volunteer workers and visiting lecturers whilst engaged in voluntary work and/or lecture activity including whilst traveling directly to/from the place of such voluntary work and/or lecture activity as applicable. Coverage applies to anywhere in Australia.
Claim procedure and claim form
Group Personal Accident (Students)
This policy provides cover in respect of full time and part time internal students of all campuses in Australia of Charles Sturt University to apply 24 hours per day, 365 days per year, excluding students 75 years of age and older.
This policy provides cover in respect of distance education external students of all campuses in Australia of Charles Sturt University to apply whilst such persons are on authorised work experience. Students 75 years of age and older are excluded.
Claim procedure and claim form
Group Personal Accident (Policing Students)
This policy provides cover in respect of full time and part time internal students of Charles Sturt University NSW Police College, Goulburn to apply 24 hours per day, 365 days per year.
This policy provides cover in respect of distance education external students of Charles Sturt University NSW Police College to apply whilst such persons are undertaking practical placement components of their course including whilst traveling in connection therewith.
Claim procedure and claim form
Casual Hirers
This policy is intended to cover casual hirers of facilities owned or operated by Charles Sturt University where the casual hirer:
- does not have insurance
- does not have adequate insurance
- obtains insurance and in the event of a claim the cover under their policy is exhausted.
This cover is not concurrent with any other policy which provides similar protection to hirers and will only come into operation when indemnity provided by such other policy has been exhausted.
To ensure that premiums are as low as possible in respect to the cover provided there are risk management tools that must be implemented, in particular:
- a written hire agreement incorporating an indemnity clause must be signed by each and every hirer
- proof of insurance by way of a certificate of currency must be requested from each and every hirer.
Claim procedure and claim form
Insurance Terminology
- Deductible: Most insurance claims are subject to a deductible, sometimes known as the excess. The nominated amount is deducted from the claim value and the balance is paid.
- Indemnity: For insurances on Property [eg: Property, Motor Vehicle and Contract Works], indemnity means the payment of a sum of money that puts the Insured in, as near as possible, the same position as they were immediately prior to the occurrence of the loss or damage. For Liability type insurances [eg: General & Products Liability, Professional Indemnity/Medical Malpractice/Veterinary Malpractice and Directors & Officers Liability], indemnity means the payment to a third party on behalf of the Insured in discharge of a claim, inclusive of legal costs, made against the Insured for death or personal injury, property damage, financial loss or reputational damage where the cause the claim is the actual or alleged negligence of the Insured.
- Uberrima Fides [Utmost Good Faith]: This is the name of a legal doctrine which governs insurance contracts. It means that all parties to an insurance contract must deal in good faith, making a full declaration of all material facts in the insurance proposal. This contrasts with the legal doctrine of caveat emptor (let the buyer beware). The insured must reveal the exact nature and potential of the risks that he transfers to the insurer, while at the same time the insurer must make sure that the potential contract fits the needs of, and benefits, the Insured.
- Duty of Disclosure: It follows from this that we have a duty under the Insurance Contracts Act 1984 to disclose every matter we know, or could reasonably be expected to know, which is relevant to the Insurer’s decision whether to insure you and, if so, on what terms. This applies to all persons to be covered under the contract of insurance. We have the same duty to disclose those matters before we renew, extend, vary or reinstate a contract of general insurance.
- Misrepresentation or Non-disclosure: If a misrepresentation is made, or if we do not comply with our duty of disclosure and the Insurer issues a policy with terms and conditions that are different to the terms and conditions that would have been issued had there not been any misrepresentation, or our duty of disclosure had been complied with, then the Insurer may reduce or cancel the cover altogether.