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Professional Indemnity
You may be insured, but are you covered?
As every Finance Broker knows, Professional Indemnity Insurance is essential in today’s litigious & heavily regulated world. What is unknown to many though is that most policies on the market only offer a “generic style cover” designed to cater for all types of professional occupations. Cover that's not necessarily designed to meet the particular needs and/or licensing requirements of Finance / Mortgage Brokers.
Insurance Advisernet Australia Pty Ltd (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 & preferred PI Insurance providers to the Finance Brokers Association of Australia (FBAA) since 2000 we are proud to offer a truly industry specific PI policy. One that will cover your particular requirements & hopefully also save you some 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 – Finance Brokers 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, personalised claims process. If a claim occurs, 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.
Base premiums start from a very low $650 + charges for a $2M limit of cover.
Special Note: Ancillary policies are also available for Management Liability, Cyber Attack, Office Equipment & Public Liability covers as part of our package.
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. |
|
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 AFCA complaints / awards up to the full policy sum insured, including any associated defence / enquiry costs. |
|
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. |
|
Privacy Breach |
Automatic $100,000 cover for any Notification Costs expenses incurred as a result of a privacy breach &/or suspected cyber attack. |
|
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
Darren Loades (D R Loades Enterprises Pty Ltd) is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd – AFSL No: 240549
Disclaimer: THE ABOVE DESCRIPTIONS OF COVER ARE SUMMARIES ONLY. PLEASE REFER TO THE POLICY WORDING / PDS FOR A FULL LIST OF TERMS, CONDITIONS AND EXCLUSIONS.