Appendix—Indemnities and insurance

Comcare purchased Directors’ and Officers’ liability insurance and professional indemnity insurance for 2016–17 from Comcover.

The insurances provided coverage for all employees, including the CEO, Executive officers and all employees officially engaged by 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 employees. 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 $74,561 ($95,182 in 2015–16) for directors’ and officers’ insurance for 2016–17 (excluding GST). There were no claims against the directors’ and officers’ liability insurance during 2016–17.

Professional indemnity insurance indemnifies Comcare, the CEO and SES employees for damages or judgments 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 2016–17.