Insurance

The cost of insurance is an ongoing issue for Schools. It formed a large part of the discussion on 16 June (Seminar: Crown Lands Legislation White Paper)

We recommend that periodically (or annually) you may wish to seek two quotes for your insurance coverage.

We have provided two intermediaries you may wish to contact prior to the next renewal of your insurance.

Community Underwriting

http://www.communityunderwriting.com.au
02 8045 2580

This is a Community Underwriting Agency who help provide insurance for around 700 Not for Profit organisations.

Please refer to their NFP Resources page for information relevant to Schools of Arts.

Community Underwriting recently advised us they were prepared to offer a 25% discount to AMISA members on public liability insurance. We quote from their correspondence:

Our security have confirmed that we can offer your members a 25% discount off our standard rates for Public Liability.

Our offering would be:

$10 million cover, total premium $591.10 inclusive of all charges

$20 million cover, total premium $676.55 inclusive of all charges

Cover would exclude any trades exposure eg, where trade activities being physically undertaken as we have rated based on Other Community Education.

Should any other covers be required these would be on an individual basis.

You should contact Sarogini Millot (Underwriter) or Paula Cruden (General Manager) using the email links provided or the phone number listed above. When requesting a quote, please make reference to ‘School of Arts‘.

 

 

Aon Risk Services

http://www.aon.com.au
1800 806 584

This is an insurance broker who has a ‘not for profit’ Division.

Please refer to the following downloadable material from AON:

download-iconAON Financial Services Guide

Vitalpack Summary 2013-2014

VP New Business Quotation Declaration Form


They advised:

Our Non Profit division within Aon has developed packages of insurance specific to charitable, not for profit and volunteer organisations/agencies including work for volunteers.  Our insurers are familiar with the types of activities Non for profit organisations regularly get involved in therefore our cover is different compared to an off-shelf market product.

Premiums start at $750.00 excluding Government charges for $10million Public Liability.  Also, it is an automatic exclusion on all of our Public Liability policies to cover participation in sporting events.