1.9 Indemnity, insurance and reimbursement of expenses
The University provides indemnity to non-staff who are acting as members of QUT committees, or as individuals acting in a voluntary capacity on behalf of QUT. Insurance provisions relevant to Council members are as follows:
Directors & Officers Liability
Interest Insured
- 1. Legal liability of Directors and Officers for wrongful acts committed in the course of their duties.
- 2. The amount QUT is permitted or required by law to indemnify any of their directors or officers for successful defence costs of an action brought against them for wrongful acts committed.
Sum Insured $20m in aggregate during the policy period.
Directors & Officers Supplementary Legal Expenses
Interest Insured Liability incurred by a Director or employee with respect to legal fees and expenses incurred in defending any claims whether against the individual or QUT.
Sum Insured: $1m any one claim and in aggregate during the period of insurance.
Professional Indemnity
Interest Insured Liability of QUT for claims for any error, misstatement, misleading statement, act, omission, neglect or breach of duty committed or attempted by an Insured Person while performing Professional Services on behalf of QUT.
Sum Insured: $20m any one claim and in aggregate during the period of insurance.
Insured person includes a duly elected director, duly elected or appointed officer or employee.
QUT reimburses all reasonable travel, accommodation and sustenance expenses incurred by any Council member in the performance of that member's duties. If a question arises as to the reasonableness of any expenses incurred, or whether an expense was incurred in the performance of a member's duties, Chancellor's Committee determines the matter.