InterRISK & AMSAInsurance for the Men’s Shed

The AMSA Insurance SchemeIntroductionWho are InterRISKWho is Sean McDermottPublic Liability – What is itAuspicing – Are you really covered?Duty of Care – How does it apply to youWhat is the Insurance SchemeQuestions

Who are InterRISK?InterRISK was formed in 2004 There are a number of branches nationwide

with 2 in SydneyA specialty schemes branch exists in

ChatswoodFormerly headed by Sean McDermottIn house legal team & claims division

Who is Sean McDermott7 years Risk Management experienceWorked as a broker and an underwriterSpecializes in a number of areas, particularly

schemesHas an affinity for AviationWorked for InterRISK over the last 2 years

with the number one priority being AMSA

Public Liability – What is itThe technical terming of the policy wording is:Subject to all provisions, terms, exclusions,

conditions of this Policy, the Insurer agrees to indemnify You for all amounts which You shall become legally liable to pay as a result of Claims or Legal Proceedings for Personal Injury or Property Damage happening during the Period of Insurance and caused by an Occurrence within the Territorial Limits and arising from and within the course of the Business.

Public Liability – What is itPublic liability is cover for loss, injury or

damage to third parties or their propertyAMSA has a $20,000,000 cover in place

providing protection to all participating men’s sheds nationwide

Cover is Australia wide and covers the paid up members & those that are attending out of consideration of joining, standard practice has this pegged at 3 visits

Public Liability - ExamplesMen’s shed holds a BBQ, the BBQ falls over and injures someone who is standing waiting for a sausage. This person suffers burns and is subsequently taken to Hospital requiring skin grafts. Unfortunately, the BBQ also fell on their handbag which destroyed the iPhone and other articles within.

Losses incurred:Property DamageInjury

Is this covered?Yes

Public Liability - ContinuedAnother example:

Jim is a member of XYZ, he is lathing and the chisel he is holding gets caught and hits Bob’s bag causing damage to Bob’s new iPhone 5S

Losses IncurredProperty Damage

Is it coveredThe policy includes member to member cover,

Yes.

Public Liability – I’m covered for everything?Short answer is NoThe policy is designed to be very broad, however, there is

a difference between a fundraising BBQ and a major eventSituations looked at closely relate to those where children

are involvedWhere the risk of loss is high

The organisation of marketsGroup participation with the disabled or troubled youth

Commercial activities – Some sheds are running commercial operations operating for profit purposes. Commercial activities are excluded by the policy

If in doubt, call.

Auspicing – Are you really covered?Auspicing

Body

Men’s Shed Activities

Normal accepted activities

Generally speaking, the activities of the Men’s Shed fall so far outside the scope of those acceptable to the insurers of Auspicing bodies, that you could think you are covered, when you are NOT!

Auspicing – Is it really cheaper?If you were to have a claim, would you want to

know that you are protected, or would you like to be presented with a maybe

circumstance.

Auspicing – What our shed does:Which of these does your shed partake in?

Woodworking Creating products Creating props Organising fundraising events 3 & potentially 4 of those things could be

excluded by the auspicing body

Duty of care; Is this a workplace?You have a legal responsibility to take

reasonable care to avoid yourself and others from getting injured

If you identify a hazard, you must take reasonable care in response to:MitigateMinimizeRemove

Duty of CareDuty of care =

SafetySafetySafetyCommon sense

Duty of Care – Practical AdviceHave a safety register, a list of things that help focus

safety in the shed spaceJust because you have been doing one thing for 60

years, does not necessarily make it safe. Observe safety lessons and take them on board

Have within your shed, a designated person or persons that others can advise safety hazards to

Provide safety briefingsHave training sessions related to machineryFor goodness sake, use safety equipment

Failure to use safety equipment could jeopardise the shed along with the insurance scheme

Packaged insurance – Batteries Included

Covers provided:Voluntary Workers Personal AccidentPublic & Products LiabilityAssociation LiabilityIndustrial Special Risks

Packaged insurance – What should I know?

Voluntary Workers Personal Accident covers those that are paid up members of their

respective shed who partake in the AMSA scheme for out of pocket expenses following

injury during a Men’s Shed sponsored activityCover is for those up to 94 inclusive

Packaged insurance – What should I know?

Public & Products Liability covers the loss, injury or damage of third parties or their

property

Cover is for $20,000,000 per event and includes Member to Member cover

*Each member is insured as if they were to each have their own policy

Packaged insurance – What should I know?Association Liability provides protection to the

committee members for their actions whilst a member of the committee.

Packaged insurance – What should I know?

Industrial Special RisksA policy designed to protect your shed assets.

Automatic acceptance irrespective of geographic location

$100,000 for Fire, Accident & Other perils for contents and/or building

$10,000 for burglaryBoth limits can be topped up

Packaged insurance – What should I know?

The CostThe policy renews on the 1st of March every year. We are currently too far away to know

the pricing for 2014/2015

Pricing for 2013/2014 was $25.50 per member for all covers

Only one declaration of member numbers per year

What next?If you haven’t joined AMSA’s insurance

scheme, why not? Perhaps you are waiting for the next renewal period, maybe your insurance is not due yet.

Can you afford to wait?

Sean’s final HoorahIt has been a pleasure answering most of

your questions over the last two years, and really getting to know some of you and your activities.

As mentioned, this is my last act for the Men’s Shed in this form as I leave InterRISK on Wednesday to spread my wings and fly like a peacock.

QuestionsYour burning questions could be used to help

other sheds around the country, feel free to ask.