Insurance Products and Broking Services

Alexis Insurance Brokers specialises in providing Professional Indemnity Insurance for professionals in the risk, financial planning and wealth management industry.

 

Professional Indemnity Insurance

A professional who gives expert advice and/or services to another person will be expected to exercise skill at an appropriate level. Unfortunately, errors or omissions can occur and when a professional is considered liable for financial loss or damage they may have a claim brought against them.

A professional indemnity policy is designed to protect the assets of the professionals from the damages awarded against them and can cover the expense of the defending claims, enabling the professional to continue with their business.

At Alexis Insurance we will assist financial services participants with obtaining AFSL and Representative professional indemnity in line with professional membership, ASIC Regulatory Guide 126 and Corporations Act 2001 requirements.

 

Directors and Officers Insurance

Directors and officers can become legally obligated to pay on account of claims against them for any wrongful acts that they commit. Since a director can be held personally responsible for acts of the company, most directors and officers will demand to be protected rather than put their personal assets at stake.

Directors and Officers insurance will provide financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the company.

 

Trustee Liability Insurance

Trustees of Superannuation Fund have a duty of care to its members. They must naturally act in the best interests of the beneficiaries and adhere to the duties and responsibilities outlined in the Trust Deed and Legislation. Like company directors, trustees today carry personal responsibility not only for their actions but also where they fail to act in certain circumstances.

Trustee Liability Insurance provides cover to trustees against legal liability which they may incur whilst carrying out their duties as a trustee or whilst executing the functions of the trust. Trustees need to properly assess the risks/likelihood of claims to select the appropriate level of cover for their operations.

Factors for considerations for trustees when determining the appropriate level of cover includes the following:-

  • The level of fund assets;
  • The number of members;
  • The worst loss scenario;
  • Whether or not the administration and investment management were outsourced and the level of cover held by the administrator or investment manager;
  • Overall competency and experience of trustees;
  • The premium and other terms;
  • The insured’s own claims experience; and
  • Industry claims experience.

 

Representative Insurance

Obtaining AFSL and Representative professional indemnity insurance in line with Professional Membership, ASIC Regulatory Guide 126 and Corporations Act 2001.

 

Premium Finance Funding

Clients have a choice to fund their insurance premiums over a set period of time through alternative finance arrangements.

Alexis Insurance has access to a range of Premium Financers and we can assist you with obtaining finance on your behalf.

 

Ask your Alexis Insurance broker for more information about this service.