STEADFAST INDUSTRIAL SPECIAL RISKS MARK IV MODIFIED Crime Policy Schedule
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STEADFAST INDUSTRIAL SPECIAL RISKS MARK IV MODIFIED Crime Policy Schedule STEADFASTQTV2.0 9 February 2017 POLICY NUMBER 05A0254042 THE INSURED Netball Australia Ltd Northern Territory Netball Association Ltd (NT Netball) Queensland Netball Ltd (Netball Queensland) South Australian Netball Association Inc (Netball SA) Tasmanian Netball Association (Netball Tasmania) Victorian Netball Association Inc (Netball Victoria) WA Netball Inc (WA Netball) ACT Netball Association Inc (Netball ACT) New South Wales Netball Association Limited (Netball NSW) and (a) Subsidiary companies, organisations and other associated companies as defined under Section 50AAA of the Corporations Act 2001 (Commonwealth); and (b) social and sports clubs (including the committees and officers from time to time of unincorporated bodies) and the trustees of the Insured's superannuation and pension funds and welfare organisations; and (c) all organisations and other entities to whom (whether mortgagees, lessors, joint ventures or other parties with a legal or equitable interest in the Property Insured) the named Insured has a responsibility to maintain insurance, all for their respective interests, rights and liabilities and to the extent that they are not more specifically insured. THE BUSINESS Principally: The principal activities of Netball Australia are to administer, coordinate, promote and develop the sport of netball, Risk Management and governance of sanctioned events, games, tournaments and training sessions and any other activity incidental thereto and any other occupation incidental thereto. Page 1 of 35 CGU00112 -1115 THE SITUATION AND/OR PREMISES Principally: 2 Olympic Boulevarde SYDNEY OLYMPIC PARK NSW 2127 and any other situation/premises in Australia owned or occupied by the Insured for the purposes of the Business or elsewhere in Australia where used by the Insured or where the Insured is undertaking work or has goods or property (including where goods or property are stored, or undergoing processing, repairs, maintenance, overhaul or improvements PERIOD OF INSURANCE From 01 January 2017 at 4:00pm local time To 01 January 2018 at 4:00pm local time or any further period for which renewal has been agreed DECLARED VALUES (in accordance with the Basis of Settlement) Section 1 – Material Loss or Damage Buildings $49,571,872 Contents (other than stock) $27,032,094* Stock Included Section 1 Total $76,623,966 Section 2 – Consequential Loss Gross Profit $3,343,161 Gross Rentals $2,000,000 Insured Payroll $246,154 Claims Preparation Costs $50,000 Southern United Netball Association Only Additional Increased Cost of Working $1,000,000 Netball NSW (Netball Central) Only Section 2 Total $6,639,315 Total Section 1 & 2 $83,263,281 This figure includes cover for buildings the club/association may be liable for up to the total declared value for the association. Page 2 of 35 CGU00112 -1115 LIMIT(S) OF LIABILITY (100%) The amounts set out hereunder represent the Insurer(s) maximum Limit(s) of Liability for any one loss or series of losses arising out of any one event at any one Situation, subject to any Sub-Limits of Liability specified elsewhere in the Policy and the Schedule. The Limit of Liability applies in excess of any applicable Deductible. Section 1 and Section 2 Combined – Netball Central $44,600 Section 1 and Section 2 Combined – Netball ACT $10,700,000 Section 1 and Section 2 Combined – Netball Victoria $3,600,000 Section 1 and Section 2 Combined – Netball SA $3,500,000 Section 1 and Section 2 Combined – Netball QLD $3,030,000 Section 1 and Section 2 Combined – Hills District Netball $2,420,000 Association Section 1 and Section 2 Combined – Western Districts Netball $2,160,000 Association (WDNA) Section 1 and Section 2 Combined – Metropolitan & Districts $1,600,000 Netball Association Section 1 and Section 2 Combined – Townsville Netball $1,300,000 Association Section 1 and Section 2 Combined – Netball WA $1,000,000 Section 1 and Section 2 Combined – Pine Rivers Netball $920,000 Association Section 1 and Section 2 Combined – Bunbury Netball Association $900,000 Section 1 and Section 2 Combined – Encounter Bay Netball Club $660,000 Section 1 and Section 2 Combined – Noosa District Netball $600,000 Association Section 1 and Section 2 Combined – Redcliffe Leagues Netball $510,000 Association Section 1 and Section 2 Combined – All Other Associations Up to 25% of the sum insured Page 3 of 35 CGU00112 -1115 SUB-LIMIT(S) OF LIABILITY (100%) The liability of the Insurer(s) shall be further limited in respect of any one loss or series of losses arising out of any one event at any one Situation as set out hereunder. Each Sub-limit shall not increase the liability of the Insurer(s) beyond the Limit of Liability set out above. The Sub-Limits of Liability apply in excess of any applicable Deductible. Loss or destruction of or damage by/to: Section 1 – Material Loss or Damage: Damage Diminution and Accidental Discharge Costs (B) $25,000 Loss Minimisation (B) $25,000 Personal Property of Employees and Others (B) $5,000 per person $20,000 in the aggregate Accompanied Baggage in Australia (C) $5,000 per person $10,000 any one event Liability to Make Enquiries (A) $25,000 Statutory Inquiries $25,000 Unpacking Expenses $10,000 Liability for Duty $50,000 Landscaping (C) $25,000 Cost of Clearing Blocked Drains, Pipes, Filters and Pumps (B) $10,000 Expediting Expenses $100,000 Loss of Land Value (B) $100,000 Customers’ Goods $5,000 Securities (A) $20,000 Works of Art, Antiques and Curios $25,000 $5000 per item Abandoned Undamaged Portion of a Building $250,000 Extra Cost of Reinstatement $500,000 Additional Extra Cost of Reinstatement (B) $500,000 Page 4 of 35 CGU00112 -1115 Removal of Debris $500,000 Theft, or any attempt thereat $100,000 Theft of Property in Open Air $10,000 Money $25,000 Weather Damage to Certain Property $25,000 (in respect of Property Exclusion 13) Decorative Livestock (Fire Cover Only) $10,000 Temporary Removal Exemption (B) $100,000 Glass Replacement Value Unspecified Damage $1,000,000 Money in Private Residence $5,000 Money in ATM at Netball SA, 155 Railway Tce, Mile End $40,000 Malicious Damage to Netball Court Infrastructure $50,000 Leased Equipment - Netball Australia and State/Territory $50,000 Associations Leased Equipment - Associations/Clubs $10,000 Fire Extinguishment Costs $50,000 Damage to Security Systems and Alarms and/or Fire alarms $5,000 Alternative Accommodation Costs $10,000 Capital Additions $500,000 Cost of Replacement of Locks or Keys - Netball Australia and $100,000 State/Territory Associations Cost of Replacement of Locks or Keys - Netball Australia and $10,000 State/Territory Associations Rewriting of Records $50,000 Constellation Cup Trophy including Travel Case $35,000 ANZ Championship Trophy, Challenge Trophy and Conference $35,000 Final Trophy Page 5 of 35 CGU00112 -1115 Fusion $25,000 Unspecified Damage - Hills District Netball Association $2,000,000 Extra Cost of Reinstatement - Netball Central $1,000,000 Additional Extra Cost of Reinstatement (B) - Netball Central $1,000,000 Removal, storage and/or Disposal of Debris - Netball Central $2,000,000 Cost of Replacement of Locks or Keys - Netball Central $100,000 UNSPECIFIED DAMAGE, for the purpose of any Limit or Sub-Limit of Liability or Deductible as shown in the Schedule, means Damage caused by any peril or circumstance not more specifically covered or excluded by this Policy other than: fire; lightning; thunderbolt; explosion; implosion; collapse; earthquake; subterranean fire; volcanic eruption; impact; aircraft and/or other aerial devices and/or articles dropped therefrom; sonic boom; theft; breakage of glass; loss of money; the acts of persons taking part in riots or civil commotions or of strikers or locked-out workers or of persons taking part in labour disturbances or of malicious persons or the acts of any lawfully constituted authority in connection with the foregoing acts or in connection with any conflagration or other catastrophe; storm and/or tempest and/or rainwater and/or wind and/or hail, and/or flood, and/or water or other liquids or substances discharged, overflowing or leaking from apparatus, appliances, pipes or any other system at the premises or elsewhere; or other peril mentioned under the heading in the Schedule, SUB- LIMITS OF LIABILITY. Section 2 – Consequential Loss: Item 1 – Gross Profit $3,343,161 Item 2 – Claims Preparation Costs and Professional Fees $500,000 Netball Australia and State/Territory Associations Item 2 – Claims Preparation Costs and Professional Fees $20,000 Netball Associations/Clubs Item 3 – Insured Payroll $246,154 Item 4 – (Additional) Increased Cost of Working $500,000 Netball Australia and State/Territory Associations Item 4 – (Additional) Increased Cost of Working $20,000 Netball Associations/Clubs Premises in the Vicinity (Prevention of Access) $350,000 Contractual Fines and Penalties (B) $100,000 Interdependency - Australia $100,000 Unspecified Suppliers' and/or Customers' Premises (Australia & $250,000 New Zealand) (Single Limit) (B) Unspecified Suppliers' and/or Customers' Premises (Worldwide) Not Insured (B) Remote Premises of Public Utilities (B) $1,000,000 Page 6 of 35 CGU00112 -1115 Other Contributing Properties (A) $10,000 Royalties Receivable (B): Not Insured Accounts Receivable (B) $200,000 Trade Exhibitions (A) $100,000 Rent Payable $20,000 Claims Preparation Costs and Professional Fees - $20,000 Clubs/Associations (Additional) Increased Cost of Working - Clubs/Associations $20,000 Annual Aggregate