INSURANCE SPECIALTIES / Financial Planners Professional Indemnity (PI) Insurance
Industry Overview
If your an Expert Financial Planner we provide tailored Professional Indemnity Solutions. Secure your practice with Everest Risk Group’s comprehensive coverage.
Financial Planners receive a lot of negative media, which in most cases is caused by a few ‘bad eggs’ which were highlighted further in the Royal Commission. Financial Planners (arguably the kings of using acronyms) operate in a highly regulated and changing environment that is one of the most complex, time-consuming industries in which to provide insurance broking services.
The limited number of Insurers willing to consider quoting terms and conditions require a significant amount of underwriting information and your Insurance Broker needs to thoroughly understand what they are presenting. This in turn achieves the appropriate result for the client, both in terms of coverage and premium cost. The coverage also needs to comply with the various ASIC Regulatory Guide 126 minimum P.I. Insurance requirements.
At Everest Risk Group Pty Ltd, we work with our customers to present your individual risk profile to potential insurers in the best possible light. A proposal form alone is not enough to secure the best coverage or premium outcomes. Our tailored approach to understanding the Licensee’s business intimately and conveying that detail to the insurance market achieves superior and timely negotiated outcomes on both coverage and premium pricing. The goal always being to present your practice as superior risk to the rest and highlight to the insurer your unique compliance and governance procedures.
Anthony & Sean head the Financial Services team at Everest Risk Group. Between them they have over 35 years insurance broking experience.
Contact Anthony & Sean today
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