Why has insurance been provided for members?
- Members can be sued as individuals.
- Employers may not be able to indemnify their employees due to insufficient insurance arrangements or impending insolvency.
- Employers may seek to recover financial losses when members are deemed to have acted outside the scope of their normal duties or authorities.
- Members can be sued individually for Good Samaritan acts.
The sums insured are:
- The limit of indemnity or maximum sum insured on any one claim
has now been increased to $20 million;
- The overall maximum aggregate limit of all claims for any one period of insurance is $80 million;
- The policy excess is $2,000 per claim inclusive of costs and expenses.
When is cover not provided?
The policy WILL NOT cover:
- Dishonest criminal acts;
- Fines or penalties imposed;
- Known circumstances of existing claims against union members;
- Work you perform as an employee in an occupation outside HSU NSW membership coverage;
- Other exclusions apply as per insurer’s policy wording.
Certificates of Insurance