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Don’t risk your lotteries business.  If you have not renewed your compulsory lotteries insurance, ACT NOW

July 11, 2017

Don’t risk your lotteries business.  If you have not renewed your compulsory lotteries insurance, ACT NOW

 

Newspack has been able to lower its price on compulsory lotteries insurance as NSW Lotteries/Tatts has reduced their requirements for coverage limits and has also guaranteed to cover any claim in excess of $1M by maintaining an ‘excess’ insurance policy.
Minimum Requirements for Professional Indemnity Insurance

  • Minimum policy limit in the amount specified in the Manuals which shall not exceed $1,000,000.
  • In case of claims that exceed $1 million the Tatts Group will maintain an ‘excess’ insurance policy;

Reference: INSURANCE – Schedule 4 of Franchise Agreement List of Mandatory Insurance Requirements for NSW Lotteries Outlets