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Professional Indemnity

You may be insured, but are you covered?

Every Finance Broker knows, Professional Indemnity Insurance is essential for access to the leading lenders. Unfortunately, most Insurance Brokers only offer a generic cover, available to all types of professional occupations. Cover that's not designed to meet the particular needs and licensing requirements of Finance Brokers.

Insurance Advisernet Australia (IAA), on the other hand, offers Professional Indemnity Insurance that isn't only specific to Finance Brokers, it's specific to you.

With FINANCE BROKERS PI Plus, you're covered

As the appointed Insurance Brokers to the Finance Brokers Association of Australia (FBAA) since 2000 we are proud to offer their members a truly unique Professional Indemnity Insurance Policy. One that will cover your particular requirements perfectly and save you money.

The pluses of FINANCE BROKERS PI Plus:

A policy that's as broad as it is flexible. Write the type of loan you want to the size you require. Pl Plus cover lets you get on with business.

  • Tailored to your needs. Choose only the cover you require. You can even add additional covers, not usually available with professional indemnity for finance brokers, such as insurance agents cover and mortgage managers cover.
  • Discounted premiums. As a member of the FBAA, you'll enjoy generous discounts on our already value for money policies. Plus, you choose how you pay, monthly or annually.
  • Personalised service. Your own Dedicated Insurance Adviser will learn your particular business needs and can be contacted directly.
  • Simple application process. Our forms are designed to make life as easy as possible for you. Only minutes to complete and you'll soon be on your way to a better policy.
  • Simple claims process. If a claim occurs, no claim form is required. Just provide your Dedicated Insurance Adviser with a description of the event. We'll inform the insurer, monitor the claims process and keep you informed of developments.
  • Premiums start from a low $650 + charges for a $2M limit of cover.

*SPECIAL NOTE Ancillary policies are now available for Management Liability and Office Equipment / Public Liability risks.


FINANCE BROKERS PI PLUS

What's Covered?
What This Means To You
Broad based industry specific wording Claims against you arising from a breach &/or alleged breach of professional duty in the conduct of your professional business.

One automatic reinstatement

Should you need to lodge a claim, the limit of cover on the policy is automatically reinstated to the previous limit, included in the policy.

Consultants, sub-contractors/ authorised credit reps

These are automatically included as co-insureds on your policy rather than having to arrange separate policies for each of them.
Financial industry complaints service awards Automatic cover for any award (up to $310,000) handed down against you by any ASIC recognised external disputes resolution (EDR) scheme.
Intellectual property

Claims arising from any infringement or alleged infringement of any intellectual property right - for example, copyright, trademark, privacy and plagiarism.
Fraud & dishonesty Claims arising from the fraudulent and/or dishonest acts of any of your employees, consultants, sub-contractors/or authorised credit reps.
Fidelity

Theft of your business' money for money for which your business is legally responsible) by your own employees, up to a limit of $50,000.
Cyber Attack Cover $50,000.00 cover FREE of CHARGE.    

Run-Off Cover

The policy will automatically continue to provide cover for 7 years FREE OF CHARGE after you sell your business and/or cease trading.

Make an appointment for your free, no obligation assessment today, contact Darren Loades, 1300 769 163, email: dloades@iaa.net.au or web:

http://www.insuranceadviser.net/drloades and speak to Darren Loades, National Product Manager directly.

For more information on all our products and services, visit Insurance Advisernet Australia Pty Limited PO Box 1735, Broadbeach, QLD, 4218 Phone: 1300 769 163 Fax: 07 5538 7783

THE ABOVE DESCRIPTIONS OF COVER ARE SUMMARIES ONLY. PLEASE REFER TO THE POLICY WORDING FOR A FULL LIST OF TERMS, CONDITIONS AND EXCLUSIONS.

 

Professional Indemnity