Aegis

Who it's for

Our Student Indemnity Insurance is designed for students undertaking professional placements, supervised clinical practice, internships and work-integrated learning across education and health disciplines. Typical customers include:

• Clinical and allied health students (nursing, physiotherapy, occupational therapy, etc.)
• Education students undertaking classroom placements
• Student practitioners in emerging professions requiring supervised practice
• Universities, TAFE and placement coordinators seeking group arrangements

Key benefits

• Affordable single-year policies for placement periods
• Covers legal costs and awards arising from civil claims alleging negligence
• Support for claims notification and access to experienced legal panel
• Optional extensions for run-off cover and vicarious liability where required

Policy Disclosure Statement

This Policy Disclosure Statement provides important information about the Student Indemnity Insurance (the "Policy") offered by Aegis. It is not the policy wording. The information below is a summary to help you decide whether the Policy meets your needs. Full terms, conditions, limits and exclusions are set out in the Policy document.

Insurer and intermediary

The Policy is underwritten by a licensed insurer and distributed by Aegis. Aegis acts as an authorised representative/broker where applicable and can provide general advice about the Product. We will disclose the insurer name and contact details on application and in the policy schedule.

What is covered

Subject to the Policy terms and limits, cover may include:

• Liability for civil claims arising from alleged errors, omissions or negligent acts in the course of placement or supervised practice
• Legal defence costs and expenses (which may erode the sum insured depending on the Policy wording)
• Costs awarded against you by a court or tribunal

What is not covered

Typical exclusions include intentional wrongdoing, criminal acts, matters arising from activities not authorised by the placement supervisor, professional work carried out outside the scope of training, and claims for bodily injury where a workers' compensation scheme applies instead. Specific exclusions will be listed in the Policy wording.

Limits, deductibles and conditions

The Policy will specify the limit(s) of indemnity, any sub-limits and the deductibles that apply to a claim. Some cover sections may be subject to different limits. There may be conditions precedent to cover such as notification requirements, supervision requirements, and co-operation with the insurer during claims handling.

Claims handling and notification

You must notify Aegis or the insurer as soon as you become aware of any circumstance or claim that may give rise to a claim. Late notification may affect cover. The insurer will manage claims in accordance with regulatory obligations and will engage lawyers or experts as required.

How to apply and payment

Applications can be made online or through your education provider. Premiums are payable on the schedule and may vary depending on the placement type, student discipline, jurisdiction and limits selected. Group arrangements are available for institutions.

Cooling-off and renewal

You may have a short cooling-off period after taking out the Policy during which you can cancel for a refund, subject to conditions. Renewal terms will be notified prior to expiry and a new schedule will be provided on renewal.

Complaints and dispute resolution

If you have a complaint about the product or claims handling, contact Aegis Customer Support. If you remain dissatisfied, you may refer the complaint to the Australian Financial Complaints Authority (AFCA) where eligible.

This summary is a general description only and does not form part of the contract. Please refer to the Policy wording, Product Disclosure Statement and your schedule for full details.