Appendix - Indemnities and insurance

Comcare purchased directors’ and officers’ liability insurance and professional indemnity insurance for 2015–16 from Comcover.

The insurances provided coverage for all staff, including the CEO, Executive officers and all staff officially engaged as employees of Comcare. Members of the SRCC are covered under a separate insurance policy. Directors’ and officers’ liability insurance covered the consequences of any wrongful act of these officers. There is no excess payable in the event of a claim under this insurance cover with the exception of defence costs which have a $2000 limit. Directors’ and officers’ liability does not cover any wilful breach of duty.

Comcare paid $95 182 for directors and officers insurance for 2015–16 (including GST). There were no claims against the directors’ and officers’ liability insurance during 2015–16.

Professional indemnity insurance indemnifies Comcare, the CEO and SES staff, for damages or judgements and defence costs awarded against Comcare arising from the execution for breach of their duty. There is no excess payable in the event of a claim under this insurance cover with the exception of defence costs which have a $2000 limit.

There were no claims against the professional indemnity cover in 2015–16.