Summary of the Government of South Australia's Catastrophe Reinsurance Program 2016-17

Industrial Special Risks (Property and Business Interruption)

 

Level of cover

$1000m

Each and every event deductible

$1m

Aggregate annual deductible for losses in excess of $1m each and every event

$15m

Public and Products Liability

Level of cover

$750m

Each and every event deductible - local government claims

$3m

Each and every event deductible - other claims

$1m

Aggregate annual deductible for losses in excess of $1m/$3m each and every event

$20m

Professional Indemnity

 

Level of cover

$300m

Each and every event deductible - local government claims

$3m

Each and every event deductible - other claims

$1m

Aggregate annual deductible for losses in excess of $1m/$3m each and every event

$20m

Directors and Officers Liabilityy

 

Level of cover

$75m

Each and every event deductible - local government claims

$3m

Each and every event deductible - other claims

$1m

Aggregate annual deductible for losses in excess of $1m/$3m each and every event

$20m

Medical Malpractice

 

Level of cover

$100m

Each and every event deductible

$15m

No aggregate annual deductible

 

Aviation Liability

 

Level of cover

$500m

Each and every event deductible

$5000

Terrorism Liability

 

Level of cover

$250m

Each and every event deductible

$25m

Network Security and Privacy Liability

 

Level of cover

$30m

Each and every event deductible

$0.5m

Aggregate annual deductible

$5m

m = million