The iSure ABN members combined liability insurance package, has been designed to protect bookkeepers like you. The package offers the flexibility to purchase professional indemnity insurance for bookkeepers and BAS Agents, with the option to add either public and products liability insurance and/or directors and officers liability insurance.

At iSure our single purpose is to provide cost effective insurance solutions that meet the real needs of busy professionals.

iSure covers all bookkeeping businesses from sole practitioners to small businesses with 5 employees and from under $25,000 turnover to $2 million turnover per annum.

This extension will provide indemnification in respect of damages and claimant's costs for data breaches, network security and hacking incidents to a policy holder's own computer system, subject to policy terms and conditions.

The sub limit for this "first party" loss cover is $250,000 in the aggregate.

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What are the benefits of iSure?

• Local Expertise, Global Strength
• Combined Professional Indemnity & Public Liability Offering
• Cover available for Directors & Officers
• Broad based Civil Liability Cover
• Over 500 approved professions
• Free Retroactive Cover

Why Should I Buy PI Insurance?

Professional Indemnity Insurance is one of the most important coverages a bookkeeper may want to consider. PI gives you protection (up to level of indemnity) for:

Claim	Protected	Claim	Protected
Defamation		Loss of Documents
Negligence and Errors and Omissions		Dishonesty of Employees
Breach of Competition and Consumer Act		Infringement of Intellectual Property Rights
Breach of Confidentiality		Legal costs to defend a claim

In addition, the Tax Practitioners Board (TPB) requires tax and BAS agents to hold PI insurance. The Board requires that agents have a minimum amount of cover (based on turnover) provided that the amount of cover maintained is adequate for the risks associated with the provision of tax agent services and BAS services in the risk circumstances of each agent. To review the Explanatory Paper with respect to the PI requirements see Explanatory Paper TPB(EP) 03/2010.

Key isure Policy Features:

Policy Feature	What This Means	isure Policy
Amount of Cover	The Limits of Liability available for purchase	$250,000 to $5 million, depending on your turnover
Scope of Cover	The terms and conditions on which indemnity is provided	Negligent wrongful acts in the provision of bookkeeping services, administrative and BAS Services, tax agent services and referral services to professional services firms That such costs form part of the cover
Persons Covered	The persons to whom the insurance extends	Directors Partners Principals Employees
Insurance Provider	The insurer of the PI policy	Arthur J. Gallagher & Co.(Aus) Limited T/as iSure is a Lloyd’s cover holder and an authorised agent of certain underwriters at Lloyd’s. Lloyd’s is an APRA approved insurer

Additional Features for ABN Members:

Policy Feature	What This Means	isure Policy
Fraud/dishonesty/fidelity	Covers claims made against the insured (provided they are not the perpetrator) for losses through dishonest or fraudulent actions, or caused through loss of monies	Innocent party fraud/dishonesty and fidelity cover (except for sole practitioners)
Legal defence costs	The costs associated with defending a claim for civil liability	Legal defence costs are included as part of the limit of liability
Automatic Reinstatement		The policy limit of liability in on an any one loss basis, unlimited in the aggregate.
Cyber Liability	Cover in respect of damages and claimants costs for data breaches network security and hacking incidents to your computer system	Sub limit $250,000 in the aggregate
Run-off Cover	Cover for unknown claims made and reported following the expiration of the policy arising out of acts, errors or omissions occurring during the period of run-off insurance cover	The policy can be renewed annually to provide run off cover if the business is sold or wound up.
Indemnity Limits	Maximum amount paid by the insurer for each claim	From $250,000 to $5 million.
Deductible	Amount paid by you towards each claim	Loew deductibles to reduce financial risk.

You should refer to the policy wording available by clicking here to identify the full terms, conditions and limitations of cover.

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Who is iSure?

Arthur J. Gallagher & Co (Aus) Limited (ABN 34 005 543 920) (AFSL238312) T/as iSure is a Lloyd’s coverholder and an Authorised Agent of certain underwriters at Lloyd’s. iSure provides general advice on and arranges the issue of the Insurance on behalf of the Insurer, iSure does not offer personal advice on the insurance

Who is the Insurer of the iSure ABN PI Policy?

All iSure insurance products are underwritten by Lloyd's. Lloyds are APRA approved in Australia.

Why have Public Liability Insurance?

Every business, no matter the size, has a duty of care to the general public. If a claim is made and your business caused physical loss, damage or injury to a person or their property, the courts may award costs and damages against you. How could it happen to you? Well, if you ever visit clients' premises or they ever visit your office, it could happen very easily. If you’re visiting them, no matter how careful you are, there is always the risk that you might accidentally damage something valuable. Even worse, if you’re working from their premises or using their equipment, someone could suffer an injury caused by you and you wouldn’t be covered by the client’s public liability insurance.

You can see why having public and products liability insurance offers peace of mind. Public liability insurance for up $20million can be added to the policy through the quote process.

How to obtain PI Insurance

Arranging PI cover through iSure ABN policy is a quick and easy straight-forward process. Enquire online Now

All information provided on this page has been prepared by Arthur J. Gallagher & Co (Aus) Limited (ABN 34 005 543 920) (AFSL238312) T/as iSure. This information a broad summary of the cover available and does not constitute advice in relation to the policy. iSure does not provide personal advice on the insurance. You should refer to the policy wording available by clicking here to identify the full terms, conditions and limitations of cover. For more information please call iSure on

=1800 447 873 or email [email protected] ABN is an accredited referrer to iSure.

Aviso Broking-All-in-One Insurance Solutions

We’re your go-to team for tailored insurance solutions that fit like a glove. Say goodbye to generic plans and hello to personalised protection that suits you, your business and budget. We know that no two businesses are alike, and we can help you avoid a one-size-fits-all approach. It’s all about getting to know you, understanding the risks you can afford to carry, and protecting you against those you can’t.

From professional indemnity to motor vehicle insurance, Aviso Broking can manage all your insurance needs and provide ongoing support, including annual reviews and claims assistance. Organising insurance for your personal life, let alone your business, can be overwhelming. Professional indemnity is often just one of several insurances a business owner needs to safeguard assets and income. Cyber insurance, management liability, and motor vehicle insurances are just a few of the additional covers you may need.

While we provide Australia-wide service, you can visit us at any of our 11 office locations. Our friendly and qualified staff are always ready to assist with all your business and personal insurance needs.

Contact us
P: 1300 908 404
E: [email protected]
W: www.avisobroking.com.au

Obligation free insurance review!

Bookkeepers, BAS agents, and tax agents who call Aviso Broking are entitled to an obligation free insurance review. We’ll review your entire insurance portfolio from bikes to boats, business and bookkeepers. Let us provide you with some recommendations, manage your renewals and ensure your policies are tailored to your risk appetite.

As partners of the Australian Bookkeepers Network, we also offer all new members a discounted broking fee for the first 12 months. Login to the ABN Members Centre to obtain a quote or arrange a review here.

The advantages of Aviso Broking bookkeepers, BAS agents, and tax agents:

• All your insurances managed by a qualified, experienced broker
• Competitive quotes and like-for-like comparisons
• Access to the bulk buying power, schemes and discounts in the Steadfast Network, The Ardonagh Group & Envest Group
• Insurance that is compliant with Australian professional association by-laws, and fulfils the requirements of The Tax Practitioners Board in Australia, under the Tax Agents Services Act 2009
• Tailored limits and excess, optional extras cover
• Market leading advice, claims support and service

Each ABN policy owner enjoys individual cover. You are not grouped or under an umbrella limit with other bookkeepers. In simple terms, this means that the actions of other bookkeepers in the insurance pool in no way diminish the cover that applies to your policy. Complete an application form now (shall I send them to the quote page instead?) so we can review your bookkeeping insurance needs.

The Bookkeepers Charman PI Policy is feature rich and complies with all requirements of the Tax Practitioners Board:

Policy Feature	What This Means	TPB Requirement	Bookkeepers Charman PI Policy
Amount of Cover	The maximum amount of money the insurer has agreed to provide	$250,000 to $1 million, depending on your turnover
Scope of Cover	The terms and conditions on which indemnity is provided	Civil liability arising from any act, error or omission in the provision of BAS services.
Legal/defence costs		The policy must provide legal and defence ‘costs exclusive’ or ‘costs in addition’ amount of cover.
Persons Covered	The persons to whom the insurance extends	Agents Directors Partners Employees Contractors (if they do not have their own cover)
Exclusions	The terms and conditions on which indemnity is excluded	Cannot exclude the work of contractors if this means there is no cover for the BAS services provided to the client by that contractor
Excess	The first part of the loss which has to be paid by the policy holder	Cannot exceed the greater of 4% of turnover, or $1000
Insurance Provider	The entity providing the PI policy	An APRA approved insurer

 

The Bookkeepers Charman PI policy also accords with TPB recommendations for additional policy features:

Policy Feature	What This Means	TPB Requirement	Bookkeepers Charman PI Policy
Amount of Cover	Covers claims made against the insured (provided they are not the perpetrator) for losses through dishonest or fraudulent actions, or caused through loss of monies	Innocent party fraud/dishonesty and fidelity cover (except for sole practitioners)
Legal defence costs	The costs associated with defending a claim for civil liability	That such costs form part of the cover.
Automatic Reinstatement	In the unfortunate event that you have to make a claim on your policy, the limit of cover is automatically reinstated. This ensures that if there is another claim against you, the full amount of your cover applies	At least one, and preferably multiple, automatic reinstatements
Run-off Cover	Cover for unknown claims made and reported following the expiration of the policy arising out of acts, errors or omissions occurring during the period of run-off insurance cover	Run-off cover should be taken out if the BAS Agent ceases to provide BAS services during the period of their registration