All Topics / Finance / Professional Indemnity Insurance – Costs

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of Nick82Nick82
    Member
    @nick82
    Join Date: 2012
    Post Count: 6
    April 16, 2012 - 2:47 am

    Hey all,

    Reading over the contract which indicates minimum professional indemnity insurance to be maintained by operator is $2million, anyone able to shed light on the costs associated with this, who is a good insurer to go through for it etc…

    Just tried to get a quote but they were unable to give it to me, said it needed to be referred, hoping to get just a rough idea of what it would cost per annum…

    Cheers

    Nick

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 16, 2012 - 3:57 am

    PI Insurance for what? Lawyers pay about $8k plus pa. Mortgage brokers about $800 but it all depends.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Nick82Nick82
    Member
    @nick82
    Join Date: 2012
    Post Count: 6
    April 16, 2012 - 5:33 am

    Thanks Terry,

    I heard back from my the group I am starting up with, they indicated similar cost to what you indicated and yes it is for Mortgage Broking..

    Thanks
    Nick

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    April 16, 2012 - 11:00 am

    I pay about $1k per year.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

Viewing 4 posts - 1 through 4 (of 4 total)

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