THE INSURED

The Uniting Church in Australia Property Trust (NSW)

INTEREST INSURED

Indemnifying directors and officers against liability at law for damages (and claimants’ costs) for claims made against them by reason of wrongful acts’ committed by them in their capacity as directors or officers of the organisation.

The policy reimburses the organisation for payment of legal costs and damages incurred by its directors or officers where permitted by law.

In short, the coverage indemnifies for the "managerial wrongs" of the directors and/or officers and reimburses the entity accordingly.

GEOGRAPHICAL LIMITS

To actions brought in a Court of Law within Australia or New Zealand

INSURED PERSONS(S) AND/OR OFFICER(S)

Are those person(s), by whatever name called who are affiliated with, represent or participate in the management or administration of the Named Organisation.

WRONGFUL ACT

Means any act, error, misstatement, misleading statement, omission, neglect or breach of duty committed, attempted or allegedly made, committed or attempted by any insured person(s), individually or otherwise, in the course of his/her duties to the Named Organisation or any matter claimed against him/her solely by reason of his/her serving the Named Organisation. All such casually connected errors, statement, omissions, neglects or breaches of duty or other such matters committed or attempted by, allegedly committed or attempted, by or claimed against one or more of the Insured Person(s) shall be deemed to be Wrongful Acts.

Where the business of the Named Organisation is or includes providing professional services the definition of Wrongful Act will exclude any claim resulting from any breach of such professional services. Professional services include the management of investments of Superannuation and/or pension funds of any description.

MAJOR EXCLUSIONS –CLAIMS ARISING OUT OF:

Prior or existing litigation
Fines & Penalties imposed by law
Brought about or contributed to by the dishonesty of an Officer of the Uniting Church
Made, threatened or intimated in any way on or before the policy inception date

Further details of exclusions can be obtained from the Insurance Office.