Corporate policies
15 Corporate policies
If a professional indemnity policy is issued to a body corporate, the indemnity provided must extend to—
if the body corporate is a registered body corporate, all liability of the registered body corporate incurred at any time since the registered body corporate first became a registered certifier, and
for each registered certifier who, at any time before or during the term of the policy, is a registered director or registered employee of the body corporate, all liability of the registered certifier incurred—
while the registered certifier was a registered director or registered employee of the body corporate, and
in the course of the registered certifier carrying out work on behalf of the body corporate.
The indemnity must extend to a person who has been a registered director or registered employee of the body corporate regardless of whether the person ceased to be a registered director or registered employee before the policy commenced.
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