Mega Capital is a specialist in Professional Indemnity insurance for Financial Planning firms. Our knowledge of the Financial Planning industry is second-to-none in the General Insurance Broking industry. A large percentage of our client base consists of Financial Planners, and we have assisted many of the large Financial Planning Dealer Groups with their PI insurance requirements.

We have seen that the level of premium and quality of policy coverage can range considerably between insurers and even within insurers.

For example:

• Average premiums for a $1m limit can range between 1.5% and 5% of revenue;

• Excesses range between $5,000 and $100,000;

• Limits of indemnity may include a reinstatement/s and may be exclusive of costs;

• Coverage for ARs may or may not be included in the policy;

• Exclusions may include margin lending, tax effective products, hedge funds, dealing in direct equities, discretionary investments, etc.

			not aligned to ONE insurer and has access to a range of insurers
			a specialist in PI insurance and has a good knowledge of the FP industry
			not just a ?fax service? and willing to go into ?bat? for you

At Mega Capital, we will ensure that you begin the renewal process early, provide a comprehensive submission to the insurer(s) and receive your quotation well in advance of the renewal date and NOT at the 11th hour.