Summary of the Government of South Australia's Catastrophe Reinsurance Program 2023-24
Industrial Special Risks (Property and Business Interruption) | |
Level of cover | $2000m |
Each and every event deductible | $40m |
No aggregate annual deductible | |
Public and Products Liability |
|
Level of cover | $650m |
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 Liability | |
Level of cover | $50m |
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 | $20m |
No aggregate annual deductible | |
Airport Liability | |
Level of cover | $500m |
Each and every event deductible | Nil |
General Aviation Liability | |
Level of cover | $250m |
Each and every event deductible | Nil |
UAV (Drone) Liability | |
| Level of cover | $50m |
Each and every event deductible | $1m |
Terrorism Liability | |
Level of cover | $500m |
Each and every event deductible | $25m |
Network Security and Privacy Liability | |
Level of cover | $20m |
Each and every event deductible | $20m |
No aggregate annual deductible | |
m = million |
