Charter Financial Planning 

Insurance for Charter Financial Planning Authorised Representatives 

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Or Call 1800 805 191
Mon – Fri | 8:30am – 7:00pm AET

We have proudly partnered with Charter Financial Planning authorised representatives for over 20 years. Working closely with Charter and The Authorised Representatives' Association (ARA), we continue to work in partnership to understand the niche requirements of the financial planning industry and are committed to offering quality insurance products reflective of its unique needs.

By combining industry partnerships and knowledge with the extensive knowledge of risk and insurance we leverage our long-standing relationships with insurers, to arrange competitive insurance products for members. As a member you also have access to a local, dedicated Aon broker to ensure you have expert support on hand.
 

Don't just insure, be sure

Business insurance can be complicated. What you think you’re paying for isn’t always what you get. As a broker and insurance specialist, Aon helps you find a policy customised for the common risk of your industry so you’re more confident that you’ve found the right type of insurance for your business. 
 

Risk and insurance for financial planners

As the financial sector continues to evolve, professional risks change – a good example in recent years is the increased regulatory scrutiny and the need for improved risk. Financial Planners looking to arrange professional indemnity insurance may find they are faced with tough underwriting, fewer options and significantly higher premiums. This is an important risk concern for an industry where professional indemnity insurance is mandatory.

Financial services is a complex industry and it is important to have the expertise of an insurance broker who understands the risk associated with financial planning and can arrange financial insurance products designed with these needs in mind.

What insurance should financial planners consider?

Professional Indemnity
Being a financial planner is all about giving advice that directly affects a client’s financial well-being. Professional indemnity insurance can protect financial planners against claims of negligence if incorrect advice is provided. Additionally, in Australia, it is also a legal requirement.
Public Liability
This may be a requirement for any business that deals with members of the public. It includes cover against claims where a client or a member of the public alleges your business activities caused them injury, or damage to their property. For example, if a client trips over a loose wire while visiting your office and suffers an injury.2

Public Liability through Aon is offered as part of a Business Insurance policy (see below).
Business Insurance
Business Insurance is a package insurance that allows you to bundle different coverages into one policy. There are 2 main components offered under Business Insurance – Public Liability cover and cover for your assets, including your physical business premises. If you have a physical office, this policy will let you choose from various coverages to help protect your office. Cover options include damage to building & contents, theft, money, business interruption and portable property, along with computer and machinery breakdown.2 
Cyber Insurance
Cyber insurance includes cover for financial loss you suffer as a result of a cyber attack. This can include phishing, malware and ransomware.

In providing your service, you likely deal with some very commercially sensitive data, and this data may make you a very lucrative target for cyber criminals.2 
Management Liability
This is cover designed to protect business owners where they’re accused of certain wrongdoings. This can include allegations of discrimination, and actions brought against directors by regulatory authorities.2

Why Aon?

Don't just insure, be sure.


Right type of cover

  • Aon arranges Insurance tailored to protect against common risks in the financial planning sector
  • We help you to understand how your policy protects against the common risks as a  Financial Planning professional.
  • Competitive premiums thanks to Aon’s scale and influence.

Specialist support

  • A team of experienced insurance specialists to help you at every step
  • We help you make claims and advocate on your behalf
  • Australian based teams.

Easy to manage

  • Quotes online or over the phone on 1800 805 191
  • Options to take out premium funding loans to pay monthly. Fees and charges will apply 
  • Adjust your policy any time. Terms and conditions may apply
  • Easy renewal management
FAQs

Frequently Asked Questions
Here are some questions commonly asked by members.
Three factors affect the premiums for your policy:
  • Risk profile of the business and changes in the gross revenue from the previous year
  • Changes impacting the broader industry
  •  Claims notifications
What are the most common insurance claims in the financial planning industry?
  • Incorrect or inappropriate financial advice for the client’s circumstance.
  • Inappropriate estate planning.
  • Deceptive or misleading conduct. 
  • Privacy breaches.
  • Failing to recommend or arrange appropriate risk insurance.
  • Employee fraud and dishonesty.

Contact


Call 1800 805 191

8:30am - 7:00pm AET
Mon - Fri (except public holidays) 

Email us

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The information contained in this website is general in nature and should not be relied on as advice (personal or otherwise) because your personal needs, objectives and financial situation have not been considered. So before deciding whether a particular product is right for you, please consider the relevant Product Disclosure Statement or contact us to speak to an adviser.