The recent Victorian Court of Appeal decision of Insurance Australia Ltd v HIH & Ors deals with a situation where two relevant insurance policies cover the same event. The Court of Appeal, constituted by Chernov, Ashley and Redlich JA, upheld the trial judge’s decision that a sub-contractor does not have a right of repayment under a relevant insurance policy if it is the case that he has already been indemnified under another policy in respect of the same risk.