ASF Caving Insurance - Directors & Officers Liability

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DISCLAIMER: The contents of this web page are for information ONLY and where any question arises the official insurance policy of the Federation prevails.

Who does the policy cover?
What activities does the insurance cover?
What are we insured for?
What are the indemnity limits?
What is the excess in the event of a claim?
What are the exclusions?
Who is the insurer?
Insurance Terminology

Who does the policy cover?

The INSURED are:

"Any Directors and Officers of The Australian Speleological Federation Inc. for CLAIMS MADE DURING THE PERIOD OF INSURANCE for wrongful acts which shall include any past, present and future Director, Secretary, Executive Officer or Employee of the Company, and/or subsidiary companies as defined in the Policy. Including those acquired or incorporated during the period of insurance, providing the Insurer has agreed in writing, for their respective rights and liabilities."

What activities does the insurance cover?

The business of the Federation is deemed to be:
Principally sporting Association participating in the following activities:

Cave, Karst & Mine,
Research, Exploration & Surveying and Recreation,
Equipment Testing, Publishing and Photography,
Caving (inclusive: Diving)
together with training and practice for the above activities
and all activities associated therewith,
Property Owners and / or Occupiers, Leaseholders and / or Tenants, Trustees of property.

What are we insured for?

Legal Liability for costs or damages as a result of a "wrongful act" committed, attempted or allegedly committed or attempted before or during the policy period (Subject to Retroactive Date) and reported to the Insurer during the policy period. Including indemnification to the Company where the Company has indemnified an insured person for the above actions."

Retroactive Date: 21 November, 2001