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In conjunction with Austbrokers AEI and Vero Insurance Limited, TRANZnet members are now able to access Professional Indemnity (PI) and Public Liability (PL) insurance at a very competitive price.

With changes to the name of licenses for various types of plant such as forklifts, elevated work platforms, etc. as well as HRW areas all coming under the new "Licence to Perform High Risk Work" name, a lot of insurance companies could not understand that only the name had changed, and in fact, training and assessment for these licenses were becoming more stringent.

Unfortunately the "High Risk" part of the name caused most insurance companies to state that this would require a seperate policy would dramatically increase prices. Another problem was the perception of Risk associated with our member's Dangerous Goods training.

After meeting with representatives from Austbrokers AEI and Vero Insurance Limited, we were able to demonstrate that training and assessment in these areas usually occurred in controlled environments, unlike car and heavy vehicle training and assessments that are in with the general public.

Consequently they came back with a very attractive PI and PL policy that includes a Statutory Liability Optional Extension. The cover includes all of our training activities, and also provision of advice by consultants in these same areas.

This is the best coverage and value for money that we can find on the insurance market!

The policy is quoted on a number of criteria such as turnover, how many trainers/assessors under the policy, etc.

It is available to small one person operations up to larger national RTOs, providing the owner of the entity is a financial member of TRANZnet.

A proposal form can be downloaded here  and once completed it must be sent to Jim Bailey of Austbrokers AEI (his details are on the proposal form).

Once he receives your proposal, he will then prepare a quote and forward it to you.

The policy will normally run from 1 July to 30 June but can be started at any time, to run through to 30 June the following year.

New members joining throught the year will also be eligible on the same pro-rata basis.