PI Insurance

AAT Australia arrange via Focus Insurance Brokers a Professional Indemnity Insurance product exclusive for members.
The product meets and exceeds the requirements of the Tax Practitioners Board and is very well priced.
The insurance company is AIG and they, along with Focus Insurance Brokers have been supporting AAT Australia and its members for over 5 years.

 The Premium Rates are as follows:

Indemnity Limit -
Professional Indemnity (PI)
Fee Income: Premiums (Includes all charges and GST)*

 

   

$1,000,000

$0 - $100,000 $235

 

   

$1,000,000

$100,001 - $250,000 $285

 

   

$1,000,000

$250,001 - $500,000 $330

You can also apply for higher limit options and Public Liability Insurance.

Cover is available online

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The policy is designed to meet the specific requirements of AAT Australia members.

The policy automatically covers the following services: 

  • Bookkeeping services, including payroll processing and record-keeping services
  • BAS Services
  • Training and Education on computer accounting software packages
  • Payroll consultancy services, including but not limited to non-legal advice on award wages, individual contracts and EBA’s, provided always that such advice is given by a duly registered and qualified BAS Agent

Cover may be extended to cover other activities on application.
Some key policy highlights include: 

  • Australia wide cover
  • Unlimited retroactive cover (cover for new claims arising from all past work)
  • Free Run-Off cover when you retire / leave the industry (** Conditions apply)
  • Free Legal Advice to respond to claim matters
  • Legal Defence Costs are paid in addition to the Indemnity Limit
  • Small excess payment in the event of claim - $100
  • Two Automatic Limit Reinstatements i.e. Cover is for $1,000,000 any one claim and $3,000,000 all claims during the policy period

For all policy enquiries, please contact Focus Insurance Brokers on 03 595 0024 or email david@focusinsurance.com.au.

Focus Insurance Brokers can also assist members with their other insurance requirements including:
Office / Business Contents
Cyber Liability
Car & Home/Contents

APPLY NOW