Insurance Advisernet

Indemnity Solutions Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd. AFSL No. 240549
Corporate Authorised Representative No. 285812 Visit the Insurance Advisernet website


Accountants

Indemnity Solutions specialize in looking after Accountants, big and small. We proudly care for over 1,000 accounting firms, ranging from the smallest of tax practitioners all the way through to complex corporate advisory, CFO services, M & A advice and audit and insolvency practitioners.

If you're looking for cover for a small business or a group of larger practices we can provide a plan that matches very competitive rates with market leading coverage. We can tailor endorsements and provide inclusions few can match. We believe an individual approach is best and there is no such thing as "one size fits all."

Please select from the links on the right hand side of the page for more information on the Indemnity Solutions Accountants Professional Indemnity Insurance product. The exclusive Indemnity Solutions - Lloyds Professional Indemnity Insurance policy is arguably one of the broadest in the current Australian market

The exclusive Indemnity Solutions - Lloyds Professional Indemnity Insurance policy is arguably one of the broadest in the current Australian market. Our experience has shown us what is important to accountants and where to focus our Policy coverage. With a proven track record in successfully managing all manner of claims, Indemnity Solutions has been able to redirect this experience and knowledge into improved Policy coverage. We like to think of it as converting the real claims experiences of our clients to stress test our policy in order to ensure that we aren't missing potential areas of exposure for our clients.

Legislative changes, amended Association bylaws and enhancements in technology present a continuously changing landscape which demands an immediate and effective response. We do regular analysis of the best of the available alternative policy wordings to ensure that we are protecting our clients with the most appropriate security, policy conditions and price.

The Indemnity Solutions - Lloyds Professional Indemnity Insurance Policy is designed to automatically include the following standard extensions:

  • Non Imputation
  • Fraud and Dishonesty
  • Previous Business
  • Outgoing Principals
  • Loss of Documents - (Sub Limit of $ 500,000)
  • Consultants, Subcontractors and Agents
  • Continuous Cover
  • Australian Auditing Standards
  • Cost of Official Enquiries
  • Optional Extension - Fidelity ( Std $ 250,000 up to $ 500,000)

We can further expand the Policy where FINANCIAL PLANNING is concerned to cover Authorised Representatives and ASIC's External Disputes Resolution requirements of RG126.

You can also be confident that this policy satisfies the requirements of both CPA and the ICAA and is available to be viewed in the comparison guide on the ICAA website. Some of the important additional policy benefits we always try to include when available from Underwriters are:

  •  Legal Costs and expenses are paid in addition to the Limit of Indemnity.
  •  Costs Exclusive Excess is only payable on settlement payments associated with a claim and means that claims involving defence/investigation costs only have no applicable excess - This is a "no cost" benefit in these scenarios.
  •  No Exclusions exist for Part 4A Tax Scheme Advice.
  •  Unlimited Reinstatements of the policy Limit of Indemnity are standard (However may vary depending on the risk to be insured).

Standard policy extensions - How standard are they?

We are constantly reminded of the variations between alternative policies which, at first glance, seem to include the same cover via similar extensions. Remember - these polices are contracts invariably written in very different ways and as such have very different implications.


Accountants PI Proposal Accountants PI Proposal (299 KB)


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