
INSURANCE DETAILS
DISTRICT INSURANCE
In
general, appropriate insurance cover has been arranged to cover all Rotary
Club/District property anywhere in Australia, New Zealand, Papua New Guinea,
Asia and South Pacific Islands up to a limit any one loss of
$500,000 any one
event at any one situation. Different
sub-limits apply to certain risks and an excess of $1,000 applies to each claim
(excepting of earthquake $20,000).
Likewise
indemnity against claims for Legal liability in respect of bodily injury, death,
illness, disability etc and/or property loss or damage arising as a result of
Rotary activities is provided to the extent of $20,000,000 any one occurrence
including Product Liability. Once
again an excess of $1,000 applies in respect of each claim.
A
range of Accident and Travel benefits (categorised by age) are provided for all
Rotarians Worldwide while engaged in an officially
constituted Rotary function, activity, project or business including travel to
or from and includes up to 60 days private travel or activity undertaken as part
thereof (excl YEP).
A
combined Association Liability insurance incorporating indemnity against
professional negligence, wrongful acts by office bearers etc is in place with
appropriate extensions, provides indemnity up to a limit of $1,000,000. An excess of $1,000 applies to each and every claim.
This is a ‘claims made’ contract addressing only those claims
notified to the Company during the period of insurance. Any matter likely to give rise to a claim must be reported to the
Company immediately it is brought to notice. Failure to do so can result in denial of liability by the
Company.
An
optional policy insures caravans and trailers as declared anywhere in Australia
up to $5,000 any one vehicle and is subject to an excess of $300 each and every
claim.
All
of these insurances are reviewed annually in conjunction with Rotary’s
appointed insurance brokers on a national basis with specific recognition of
local trends and claims experience. Annual
premiums are levied on a per capita basis to all Rotary Districts.
Insurance
is a vital element of protection for all Rotarians and you are reminded of your
obligation to exercise care and due diligence in all of your Rotary activities
to reduce the incidence of loss and injury and help to conserve the cost of this
necessary insurance protection.
Most
insurance policies contain exclusions, conditions and extensions and Rotary’s
insurance portfolio is no exception. These
are varied and too numerous to mention in this brief summary. If at all in doubt on any insurance matter pertaining to Rotary
activities consult with your District Insurance Adviser who will have the
necessary experience and information at hand to attend to your enquiry.
The
system of reporting and investigating accidents and losses has been arranged so
that claims can be processed and settled with minimum delay. Ensure that YOU
do not prolong this process unnecessarily by
giving timely notice to your District Insurance Adviser and complete all
relevant documentation and submit it promptly.
Do
not ever admit liability for any loss, damage or injury or incur any expense by
litigation or agreement. This is
strictly the responsibility of our chosen insurers.
Any
summons, writ or other legal demand must immediately be directed to the insurer.
If in doubt your District Insurance Advisor is best able to
inform you of the most appropriate action.
This brief summary is not intended, nor should it be relied upon as a substitute for the detailed terms, conditions and exclusions contained in the various national Rotary insurance contracts.