Insurance news from the MAV. 
MAV Insurance Bulletin

Issue 20: August-September 2014
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In this issue:

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Victorian Liability Risk Profiling Workshop
MAV Insurance and Risk Conference update
Victorian Water Bill 2014
Limits of coverage
Sustainable Development of Communities
Fire refuges
Working with Children Check for Tas childcare services
New Risk Consultant appointment
Wrong Acts review
Events

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Victorian Liability Risk Profiling Workshops

The Liability Risk Profiling Workshops were delivered around Victoria with overall positive feedback received in relation to the value and relevance of the sessions.

In particular, risk articulation, dashboard reporting formats, and the networking and sharing opportunities were valued despite attendees being at different levels of maturity with their liability risk profiling.

Attendees will be receiving a copy of the presentation, along with outcomes of the liability risks identified at the workshops.

Members are encouraged to review the liability risks identified against their own liability risk profiles.

MAV Insurance and Risk Conference update

The program has been finalised for the MAV Insurance and Risk Conference on 16-17 October at the Melbourne Museum.

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Victorian Water Bill 2014

Proposed new legislation introduced to parliament on 30 June seeks to consolidate Victoria’s Water Act 1989 and the Water Industry Act 1994 into one piece of legislation.

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Limits of coverage

We have had some queries recently about the limits of coverage of the LMI scheme. For non-water corporation members, we are happy to clarify that public liability claims are covered to $400 million on each and every basis.

This means that there are no limits on the number of claims the scheme or individual members can make. For professional indemnity claims, the scheme provides coverage of up to $300 million per member per annum in aggregate, subject to one reinstatement.

This means each member can have a claim of up to $300 million and $600 million in the aggregate in any fund year. For water corporations, an additional $200 million in public liability coverage has been purchased.

Sustainable Development of Communities

The first ISO standard for city indicators has been released and focuses on sustainable development.

ISO 37120: 2014 can be applied to any city, municipality or local government regardless of size and location, and includes indicators such as governance, fire, and emergency response and safety.

The standard’s uniform approach will enable cities to compare where they stand in relation to other cities. This information can in turn be used to identify best practice and learn from one another.

Fire refuges

Following advocacy by the MAV, the Victorian Government has revised the legislative framework for fire refuges.

The establishment of refuges was a recommendation of the Victorian Bushfire Royal Commission and the previous legislative framework required that councils designate proposed community fire refuges.

Following the pilot of three refuges over the 2013-14 bushfire season, in which councils’ liability exposures were managed through a Treasurer’s Indemnity, the MAV was successful in negotiating a new framework in which the Minister now designates fire refuges.

The MAV is pleased with this development and believes this better aligns institutional knowledge and responsibility with the legal framework. We also believe that it protects councils from exposures arising from refuges, and is an example of the complementary nature of the MAV’s policy advocacy and the LMI scheme.

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Working with Children Check for Tas childcare services

Further to the Registration to Work with Vulnerable People Act 2013 (Tas), the new Working with Children Check commenced for childcare services on 1 July.

Councils who provide childcare services should be aware of their responsibility to ensure all relevant workers have this new check by 1 January 2015.

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New Risk Consultant appointment

We are pleased to announce that we have appointed a new Risk Consultant within the MAV Insurance Risk Management team who started in late August.

Lana Tsyer joins us as a replacement for Laura Hammett who left the role in June. We welcome Lana who brings her intimate knowledge of local government (previous role with City of Port Phillip), and a broad background in risk management from her time at council, and in previous roles at Crown Casino and Deloitte Australia.

Wrongs Act Review

The State Government has released its response to the Victorian Competition and Efficiency Commission’s final recommendations following their review of the Wrongs Act.

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Events

Best Practice Forums – Round Two - Victoria and Tasmania

The second round of forums for 2014 have now been successfully completed with over 130 attendees from councils around Victoria and Tasmania. A big thanks to all those members who kindly hosted the forums and workshops. Copies of the presentations from the forums are now available on the MAV Insurance website.

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