This AMSA Insurance Program has been tailored for Sheds and their unique situations. It is a made to order package providing broad coverage for the things Shedders are likely to do and covers the risks that Shedders face.
For further information about the AMSA Insurance Program we encourage Shedders to read the Frequently Asked Question guide.
The 2023 – 2024 package includes the following policies:
- $40,000,000 Public Liability any one claim
- $40,000,000 Products Liability in the aggregate
- $10,000,000 Association Liability
- Voluntary Workers Personal Accident
- Group Personal Accident (for Mutual Obligation participants)
- Industrial Special Risks – providing coverage up to $100,000 for assets owned by the Shed# (extra cover available at extra premium)
- Providing coverage up to $100,000 for assets owned by the Shed
- $15,000 for any one claim for Burglary Cover*
#Subject to Sheds nominating a location requiring coverage.
*Subject to the Terms & Conditions of each respective policy.
Additional coverages can be obtained by contacting Everest Risk Group directly by email at email@example.com
The Australian Men’s Shed Association (AMSA) ABN 84 144 866 277 in association with Everest Risk Group Pty Ltd (ERG) as Corporate Authorised Representative (No 276869) of Insurance Advisernet Australia Pty Limited (IAA – Australian Financial Services Number 240549), has arranged access for members to Public & Products Liability, Voluntary Workers Personal Accident, Industrial Special Risks & Association Liability (The Insurance). AMSA is a Group Purchasing Body providing a financial service under the exemption granted by the Australian Securities and Investments Commission (ASIC) under Class Order CO08/1 The following information is of a general nature and does not take into account your own personal needs or particular objectives. We recommend you review the Frequently Asked Questions along with the details of cover and policy wordings to make sure the program is right for you and your Men’s Shed.
AMSA members have access to member coverage and premiums which have been negotiated for your benefit. In relation to this offering AMSA will act as your representative in negotiating coverage terms and premiums for the benefit of all participating members. Further we will act as a conduit between members and our IAA Authorised Representative Everest Risk Group Pty Ltd (276869).
As part of this arrangement and at no charge to our members, we undertake to provide the following documentation and information to members as provided by ERG including:
- Financial Services Guide, inclusive of contact details for our ERG Authorised Representative
- Policy Schedule and Tax Invoice
- A copy of and or access to the relevant Product Disclosure Statement, detailing the product terms and conditions
- Renewal notices and
- If applicable cancellation and/or notice of non renewal
We also need to advise you of our obligation to compensate you for any loss or damage if we fail to notify you of the above as required. In providing this facility to members, AMSA will not receive any rebates or commissions from IA, its Authorised Representative, or the insurer for arranging for the issue of insurance coverage.
What is included in these policies?
We suggest you review the Frequently Asked Question guide, along with the policy wordings as follows:
- Public & Products Liability: AMSA 2021 Public Liability-Wording-
- Voluntary Workers Personal Accident: AMSA2021 Voluntary-Workers-Insurance-Policy-Wording-PDS-
- Industrial Special Risks: AMSA 2021 ISR-Combined
- Association Liability Wording – Available upon request by Men’s Shed committee members
Due to certain changes occurring, we suggest you familiarise yourself with the terms and conditions of each. In providing this facility to members, AMSA will not receive any rebates or commissions from IAA, its Authorised Representative or the Insurer for arranging the issue of insurance coverage. AMSA does not hold an Australian Financial Services Licence and, as such, advises that you should consider obtaining your own financial product advice about the above product and its suitability to your individual needs from an appropriately qualified Financial Services Advisor.
1. English Language
Please note that these are important legal documents and if you cannot read and understand English you should ask a qualified translator to explain the documents to you.
2. Your Duty of Disclosure
Before you enter into a contract of general insurance with an Insurer, you have a duty, under the Insurance Contracts Act 1984, to disclose to the Insurer every matter that you know, or could reasonably be expected to know, that is relevant to the Insurer’s decision whether to accept the risk of the insurance and, if so, on what terms.
You have the same duty to disclose those matters to the Insurer before you renew, extend, vary or reinstate a contract of general insurance.
Your duty, however, does not require disclosure of matters:
- that diminishes the risk to be undertaken by the Insurer,
- that is of common knowledge,
- that your Insurer knows or, in the ordinary course of his business, ought to know,
- as to which compliance with your duty is waived by the Insurer.