You're Covered

$5 million Professional Indemnity and $10m of Public and Products Liability Insurance cover for content jobs conducted through Fabulate.

 

 

Top Rated Insurer

Fabulate Insurance is provided by CGU – one of the most reputable and innovative insurance brands in Australia.

No Extra Cost

Included in the standard rate for every content job, no extra costs apply.

What is covered?

  • Fabulate Professional Indemnity Insurance is a policy covering up to $5 million that insures Creators registered in the Fabulate marketplace for their liability for damages arising from acts, omissions or breaches of professional duty whilst performing covered services during a project on Fabulate.

  • Fabulate Public & Products Liability Insurance is a policy covering up to $10 million that insures Creators registered in the Fabulate marketplace for personal injury or property damage that arises as result of your business activities whilst performing covered services during a project on Fabulate.

  • The Professional Indemnity Insurance is on a claims made and notified basis which means that the policy limit, terms and conditions which are applicable to a notified claim are those of the current policy period when the claim is notified – not when the claim occurs (if outside the current policy period). These may also be different from the insurance terms and conditions in place when the project contract was entered into if it also was in a different policy period. Claims must be lodged within 30 calendar days of the date of the incident.

  • All coverage is subject to the policy’s terms and conditions and there are exclusions that apply.

What isn’t covered?

  • Subject to all other policy terms and conditions. Full policy schedule and policy wording is available on request.
  • Individuals/companies not registered on Fabulate are not covered under the insurance policy. Please ensure the Creator that completes the project for you (Client) is registered on Fabulate and he or she is the person or company that your project is assigned to.

  • Projects must be contracted, invoiced and paid via the Fabulate platform to be eligible for the coverage, unless otherwise agreed.

  • The policies do not cover personal injury to, or damage to property belonging to the Creator, and should not be considered a replacement for workers compensation, income protection or other similar types of insurance.

Insurance FAQs

Fabulate has a Policy with Insurance Australia Limited (ABN 11 000 016 722, AFSL 227681) through their CGU brand for professional indemnity and public & products liability insurance which eligible contract creators are also Insured beneficiaries subject to all other terms and conditions.

  • Fabulate Professional Indemnity Insurance is a policy covering up to $5 million that insures Creators registered in the Fabulate marketplace for their liability for damages arising from acts, omissions or breaches of professional duty whilst performing covered services during a project on Fabulate.

  • Fabulate Public & Products Liability Insurance is a policy covering up to $10 million that insures Creators registered in the Fabulate marketplace for personal injury or property damage that arises as result of your business activities whilst performing covered services during a project on Fabulate.

From 9am on 24th February 2020, when you contract with a client through Fabulate Marketplace and you are eligible, you will be covered for Professional Indemnity and Public & Products Liability Insurance for the duration of your project. This is at no direct cost to the Creator.

From 9am on 24th February 2020, when you engage a Creator through Fabulate, they will be covered for Professional Indemnity and Public & Products Liability insurance for the duration of your project.  This is at no direct cost to the Client or Creator.

Many claims made under the insurance and for which the policy responds are subject to an excess that is payable by the Creator. The applicable excess that applies is as follows:

  • Professional Indemnity insurance

    • $500 excess for each and every Claim (exclusive of costs)

  • Public & Products Liability insurance

    • Property Damage – $500 excess for each and every Occurrence

    • Personal Injury – $0 excess for each and every Occurrence

Important Notice

Please note this is a summary of the Fabulate third party liability insurance policy ONLY. Nothing contained herein is general or personal advice. Furthermore, it is declared and agreed that nothing contained in this summary should be understood to be an express or implied condition, term or exclusion which forms part of the Insurer Policy terms and conditions or be relied upon in the event of a Claim.

Please contact Fabulate for access to the Certificate of Currency and/or Insurance Policy Schedule and/or Policy Wording for information as to the specific coverage, terms, conditions and exclusions afforded by the Insurer in the event of an incident, occurrence or Claim. Please also note that each Claim is subject to an Excess payable by the creator – full details of the Policy, its coverage and exclusions including the applicable excess details are available on request by the Fabulate user.

 

Content provided by Modern Risk Solutions Pty Ltd who is Corporate Authorised Representative of PSC Connect Pty Ltd (Australian Financial Services Licence AFSL 344648)