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PTA Principal controlled insurance program
From 1 September 2011 the Public Transport Authority implemented a Principal Controlled Insurance Program for all publicly-tendered construction contracts.
Previous arrangements required contractors to obtain and maintain all insurances on a contract. This meant the cost was normally assigned to the individual contract and varying degrees of coverage were achieved.
Under the new arrangement, the PTA assumes responsibility for the following contract insurance requirements:
- Public liability (including general and product liability);
- Contract works (material damage); and
- Professional indemnity (on specific projects only such as Alliances).
All other classes of insurance required under the contract remain the responsibility of the contractor.
The program has two categories:
- A general (or “floater”) category for contracts worth up to $50 million; and
- Contract-specific cover for contracts of more than $50 million in value.
Further information is included in the relevant tender documentation, and the certificates of currency are available below along with tables outlining the deductibles for each policy of insurance.
Further information on the program can be obtained from Nicole Peters, Manager Procurement at the Public Transport Authority at nicole.peters@pta.wa.gov.au
Certificate of Currency
From 1 September 2011 the Public Transport Authority implemented a Principal Controlled Insurance Program for all publicly-tendered construction contracts.
Previous arrangements required contractors to obtain and maintain all insurances on a contract. This meant the cost was normally assigned to the individual contract and varying degrees of coverage were achieved.
Under the new arrangement, the PTA assumes responsibility for the following contract insurance requirements:
- Public liability (including general and product liability);
- Contract works (material damage); and
- Professional indemnity (on specific projects only such as Alliances).
All other classes of insurance required under the contract remain the responsibility of the contractor.
The program has two categories:
- A general (or “floater”) category for contracts worth up to $50 million; and
- Contract-specific cover for contracts of more than $50 million in value.
Further information is included in the relevant tender documentation, and the certificates of currency are available below along with tables outlining the deductibles for each policy of insurance.
Further information on the program can be obtained from Nicole Peters, Manager Procurement at the Public Transport Authority at nicole.peters@pta.wa.gov.au
Certificate of Currency
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Construction Risks – General Liability (PDF) |
69 K |
15/11/2011 |
DOWNLOAD |
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Contract Works Insurance – Material Damage (PDF) |
105 K |
15/11/2011 |
DOWNLOAD |
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Excesses
Contract Works Insurance
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Excess Category
|
Original Estimated Contract Value
|
|
0 to $3m |
>$3m to $6m |
>$6m |
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Each loss except as below: |
$15,000 |
$25,000 |
$50,000 |
|
Earthquake subsidence and collapse |
$20,000 |
$50,000 |
$100,000 |
|
Wetwork Contracts |
$20,000 |
$100,000 |
$100,000 |
|
Storm, Tempest and Flood |
$50,000 |
$100,000 |
$100,000 |
|
Tunnelling Contracts |
$100,000 |
$100,000 |
$200,000 |
|
LEG 2/96 Defects Claims |
$50,000 |
$100,000 |
$100,000 |
|
LEG 2/96 Defects Claims |
$600,000 |
$600,000 |
$600,000 |
|
Named Cyclone |
$100,000 |
$150,000 |
$200,000 |
General Liability
|
Excess Category
(inclusive of Defence and Other Costs) |
Original Estimated Contract Value
|
|
0 to $10m |
>$10m to $50m |
|
Each loss except as below: |
$50,000 |
$100,000 |
Excesses
Contract Works Insurance
|
Excess Category
|
Original Estimated Contract Value
|
|
0 to $3m |
>$3m to $6m |
>$6m |
|
Each loss except as below: |
$15,000 |
$25,000 |
$50,000 |
|
Earthquake subsidence and collapse |
$20,000 |
$50,000 |
$100,000 |
|
Wetwork Contracts |
$20,000 |
$100,000 |
$100,000 |
|
Storm, Tempest and Flood |
$50,000 |
$100,000 |
$100,000 |
|
Tunnelling Contracts |
$100,000 |
$100,000 |
$200,000 |
|
LEG 2/96 Defects Claims |
$50,000 |
$100,000 |
$100,000 |
|
LEG 2/96 Defects Claims |
$600,000 |
$600,000 |
$600,000 |
|
Named Cyclone |
$100,000 |
$150,000 |
$200,000 |
General Liability
|
Excess Category
(inclusive of Defence and Other Costs) |
Original Estimated Contract Value
|
|
0 to $10m |
>$10m to $50m |
|
Each loss except as below: |
$50,000 |
$100,000 |
|