2015-06-23 I&S Agenda - Item 5 - Local Disaster Recovery Plan - Attachment 2

                           Noosa Local Disaster Recovery Plan 2015/2016

Professional indemnity insurance
Brokers and insurance companies can combine Professional Indemnity and Directors &
Officers Liability Insurance into one policy. Professional Indemnity Insurance is expensive
and may not be necessary for all organisations. It is therefore important to seek professional
advice before taking out this insurance cover. This cover can be designed to compensate
organisations for loss incurred through a claim made against the organisation for breach of
professional duty or advice arising from negligence, error, omission, defamation, loss of
records or documents, dishonest acts, etc. by volunteers (including management committee
members) and paid staff. It is important to be familiar with and understand the wording of
this policy as it often has a number of inclusions and exclusions.

Motor vehicle comprehensive insurance
This insurance covers vehicles owned and driven by volunteers or paid staff for loss or
damage to the vehicle or third party property. It is important to have a motor vehicle policy if
volunteers or paid staff are using their own motor vehicle or the organisation’s vehicle in the
course of their work requirements. It is advisable for volunteers to inform their motor vehicle
insurer, if they are using their own vehicle in the course of their voluntary work.

Property and contents insurance
This insurance includes damage or theft to the organisation’s property or contents. It is
similar to Household Contents Insurance. Other types of insurance for organisations to
consider are Product Liability & Event Insurance.

Risk management
Risk Management is a process used to identify the extent and nature of the risks involved in
the activities carried out by an organisation. This process is designed to prevent or reduce
the level of risk to an organisation. It is also the best way to identify the most appropriate
insurance cover or covers for an organisation.

For more information about risk management and insurance covers and their content, visit
www.volunteeringqld.org.au or contact Volunteering Queensland’s Manager Training &
Quality.

Disclaimer
Volunteering Qld has made every effort to ensure the appropriateness of the information
contained in this document. However, as the information is for general use and is not
intended to serve as advice, no warranty is given in relation to the accuracy, reliability or
appropriateness of any information. No part of the information is intended to replace detailed
and expert advice in respect of individual circumstances. Users of this information are
therefore encouraged to consult with their chosen professional advisers before making any
decision. Volunteering Qld disclaims all and any liability to any person in respect to any
consequence of actions or otherwise based on information contained herein.




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