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Professional Indemnity insurance for CA ANZ members. Easy.


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Now easier to understand, buy and manage.

Buy 12 months cover and get an extra 3 months cover complimentary*

As a chartered accountant, there is a risk that a client may make a legal claim against you if they perceive that you have not provided the correct professional advice or service. Such claims can have a significant impact on your business and could even lead to the closure of your business.

It is mandatory for all chartered accountants who have their own public accountancy business to have Professional Indemnity insurance, as this can provide some cover for such situations. However, it’s important to note that purchasing your professional indemnity insurance should not be a tick box exercise – not all policies are created equal and it’s important to get the right cover for you.

Professional Indemnity insurance through Aon

Aon has worked with insurers to develop professional indemnity insurance for members of Chartered Accountants Australia and New Zealand (CA ANZ) that addresses the common needs and risks faced by chartered accountants. This insurance can help you to pay the costs associated with a claim made by a third party against you for the loss suffered by that third party, arising from an error or omission in the course of you providing professional services.

Why get a quote from Aon?

Special offer*

We have a special offer for CA ANZ members – get 3 additional months of insurance complimentary when you buy a 12-month policy before 31 March 2021.*

Easy to understand, buy and manage

You can now buy online, so if you are comparing cover features arranged by Aon with another insurer or broker and decide you want to purchase, it’s quick and easy to make the switch. In addition, you can still call our experienced and friendly team if you need help.

Managing your claims

As a broker, Aon draws upon our long-standing relationships with insurers to manage your claim for you. Making a claim can be time-consuming and stressful and Aon’s help means you have one less thing to worry about.

Insurance certificate

You may be asked for proof of your insurance (usually called an insurance certificate or certificate of currency). We send you your certificate after your purchase or anytime upon request, delivered straight to your inbox.

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Cover benefits through Aon:

Choice of cover limits

Cover limits available from $500k to $10m. Chartered Accountants Australia & New Zealand advise that the minimum require limit for chartered accountants is $2 million.

Cover for contractors’ breaches

Cover for claims arising as a result of a breach of professional duty committed by any consultant, contractor, subcontractor or agent of the insured (you) for breaches you are legally liable for.

Cover for SMSF advice

Accountants who hold a limited AFSL , are automatically covered for SMSF activity.

Cover for wrongful employment practices

Cover for claims from staff for wrongful employment practices such as a breach of contract, unfair dismissal or discrimination, with a sub-limit of $300k. Complimentary legal advice: You can access 2 hours of complimentary legal consultation from a legal expert on matters relating to the risk insured by the policy (1 hour per claim).

Run-off cover

If you retire or leave the profession, or cease to operate, you can apply for 7 years’ complimentary run-off cover, which can help to cover the costs for claims relating to incidents that occurred when you were operating.**

Cost exclusive

You don’t need to pay any excess towards the costs associated with a legal defence; only the excess towards the settlement of a claim.

What is Coverwallet?

Coverwallet is our new digital insurance platform for SME’s. The platform has been designed with our customers’ needs first. So whether you know the insurance you require and want to get cover quickly and easily, or if you need more assistance to help you understand what insurance you need and more importantly why you need it, we can help.

 

Why Aon?

Frequently Asked Questions

What is run-off insurance?
Run-off insurance provides coverage for claims made against you after your business ceases operating, or after you retire, based on advice or services you provided whilst in business. Depending on the policy, you may be required to pay additional premium to activate run-off cover.
What are the limits on Professional Indemnity insurance?
Limits in amount of cover will depend on the level of insurance you’ve taken out and your business’ needs or circumstances. You can consult with your broker who can help you determine how much cover you may need for your business.
How much is Professional indemnity insurance for members of CA ANZ?

The Professional Indemnity insurance that we arrange for members of CA ANZ is competitively priced. Pricing varies depending on your situation, so we advise you to get a quote to get an accurate price. 

 

* This offer is only available to new customers who take out a Professional Indemnity policy before 31st March 2021, subject to certain eligibility criteria, and in respect of the professional indemnity policy offered by Chubb Insurance Australia Limited (Chubb Insurance) as the insurer. Offer ends 31st March 2021.

The Professional Indemnity Insurance for members of Chartered Accountants Australia and New Zealand is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 as agent for the insurer, Chubb Insurance Australia Limited ABN 23001642020 AFSL 239687. If you purchase this insurance, Aon will receive a commission that is a percentage of the premium. Further information can be provided upon request.

The information contained in this communication 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. Before deciding whether a particular product is right for you, please consider your personal circumstances, as well as the relevant Product Disclosure Statement (if applicable) and full policy terms and conditions available from Aon on request. All representations in this communication in relation to the insurance products we arrange are subject to full terms and conditions of the relevant policy. Please contact us if you have any queries.

Chartered Accountants Australia and New Zealand ABN 50 084 642 571 (Chartered Accountants ANZ) acts as a referrer of Aon Risk Services Australia Ltd ABN 17 000 434 720 AFSL 241141 (Aon) products and services only. All services in relation to insurance products are provided by Aon, not by Chartered Accountants ANZ. Chartered Accountants ANZ is not a representative of Aon and accepts no legal responsibility for any advice given by, or any act or omission of, Aon. Chartered Accountants ANZ may receive a referral fee from premium commission received by Aon as a result of referrals made by Chartered Accountants ANZ to Aon. If you require further information about our relationship with Aon, please feel free to contact us.

The CA ANZ logo is a trade mark owned by CA ANZ and is used with permission.

 

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