Scope of cover

The Contract of Coverage dictates the New South Wales Government's response to the TMF agencies when loss or damage is suffered. The TMF provides unlimited cover worldwide in respect of:

•  Workers' Compensation as per NSW statute;

•  liability, including, but not limited to, public liability, products liability, professional indemnity, directors/officers liability and medical negligence;

•  property (full replacement, new for old, and consequential loss);

•  motor vehicle; and

•  miscellaneous losses, notably, due to employee dishonesty, personal accident and protection for overseas travel.

The extent of cover provided under the TMF's Contract of Coverage is unique to TMF agencies. Exposures not included are:

•  illegal activities;

•  wear and tear, and inherent vice; and

•  pollution (not being sudden and accidental pollution).

The TMF is protected from catastrophic losses by a wide-ranging reinsurance program.