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


Financial Planners

It is a fact that AFS Licensees & Financial Planners currently face a difficult time obtaining Professional Indemnity insurance. As it currently stands, the Australian market place provides for only a handful of mainstream domestic Insurers open to small – medium FSL’s as a prospective Insurer. This shortage of appetite and capacity, of course, places considerable pressure on rates and/or the extent of the policy coverage the Insurer is prepared to offer.

As you are most likely aware this restricted market environment has been exacerbated by the Global Financial Crisis, the demise of Agri-products ( Timbercorp, Great Southern etc) as we know them in Australia, uncertainty over the ATO and the future of Managed Investment Schemes, the collapse of Storm Financial and well known stockbrokers plus the failure of mezzanine finance vehicles such as those promoted by Westpoint.

With our strong links to the Financial Planning community Indemnity Solutions felt if important to find a possible solution.

Indemnity Solutions now can offer to quality AFSL Dealers & Financial Planners an exciting new Financial Planners Policy. The key personnel at Indemnity Solutions have direct experience in establishing Financial Planning Dealer Groups, managing and supporting Financial Planners and understanding the regulation, disciplines & processes which underpin a Financial Planning practice. We are well equipped to negotiate from our Underwriter the best possible RG126 compliant policy terms and premium for today's Financial Planning professional.

We also appreciate that the forthcoming introduction of the Future of Financial Advice legislation will herald change for the participation of Accountants in the provision of Financial Advice; particularly in relation to SMSF advice, establishment, administration & investment / insurance placement.

To assist we have developed two slightly different Policies that are tailored to a specific business imperative. One will marry the cover the professional services an Accountant requires with extensions that capture the activities & advice of an AFS Licensee or Authorised Representative.

The second is designed for those Accountants & Financial Planners that wish to specialize in SMSF & Superannuation advice and require specific SIS & TAS Legislation coverage to comply with their accreditation. Naturally these policies are RG126 compliant and will satisfy the regulator and the by-laws of the various representative bodies (ICAA, CPAA, SPAA, FPA etc)