Band Insurance Scheme
The Band Public Insurance Scheme (provided by Sportscover Australia Pty Ltd also known as Active Underwriting Specialists) is a product that is being offered to all Community Bands based in NSW through the Band Association of NSW.
Policies are renewable on 31st March each year. Please note that the policy will also cover ‘casual or guest’ players with your band but it is strongly encouraged that you keep records of this in case of claim.
Bands wishing to join the scheme midway through the year will have a pro-rata rate applied and all bands must hold a current registration with the Association in order to take out a policy.
From 1st January 2018, stamp duty will now be exempt for small businesses with a turnover of less than $2 million. Beause of this the fee structure for an annual policy has been slightly reduced to $374.50. If stamp duty applies, then the policy amount will be $404.
This fee is reviewed each year and will be advised to Bands prior to each commencement period.
All bands that qualify for the stamp duty exemption are required to complete a declaration when renewing or purchasing a new policy.
The policy covers Legal Liability for Property Damage or Personal Injury to the general public in respect of the Band’s activities and may also apply to protect Band Members against third party claims by other Band Members.
The Limit of Indemnity is $20,000,000 with an Excess of $250.
The insurance information on this website –
(a) Is intended to be general in nature;
(b) You should not act solely based on the information on this website which does not constitute insurance advice;
(c) If you would like to discuss your Band’s particular insurance cover requirements then please contact your own insurance broker or The Band Association of NSW’s Insurance Broker, Fenton Green on (03) 8625 3333 or visit their website at fentongreen.com.au for assistance.
For more information or an application to join the scheme, please contact the Association Secretary.