| Monday, 2nd of August 2010 |
our facilities
Lloyd's
P.I. Direct is an authorised Cover Holder with Lloyd's of London. This means that we can bind cover on behalf of the underwriters who support our facility and we can also issue policy documents from our office as well. This is important as we control the issuance of the documentation and we make sure that this process complies with our stringent service standards.
We have binding authority under General, Medical Malpractice and Information Technology binders with various underwriters at Lloyd's.
Our General binder provides quotations on Property Valuers, Geotechnical and other Engineers, Business Brokers and a host of miscellaneous occupations.
CGU Professional Risks
As many of our clients already know, P.I. Direct have a CGU Professional Risks underwriter attend our office virtually every day of the working week. As a result, new business and renewals can be turned over very quickly, producing a great result for both the retail broker and the client. In addition, CGU have undoubtedly one of the best Professional Indemnity policy wordings in Australia.
Our CGU facility caters for all manner of miscellaneous occupations and we also have an exclusive arrangement with CGU for Real Estate Agents.
QBE Insurance (Australia) Limited
We have been given the authority by QBE to underwrite PI and D&O risks on their behalf under our binder agreement and the parameters of the binder have been considerably expanded to reduce the number of referrals needed.
QBE are keen to write Professional Risks business and occupations of particular interest include Bookkeepers and IT Consultants.
ACE Insurance Limited
Once again, we have the in-house capabilities to underwrite risks under our binder arrangements with ACE Insurance Limited. In particular, we have an
exclusive arrangement with this Insurer for Professional Indemnity insurance for Accountants.
We have been provided with access to the ACE Elite Management Liability web based quoting system and this will enable us to provide indicative and binding quotations on the ACE Elite Management Liability product, which offers comprehensive policy coverage. We will also issue the policy documents from our office.
American International Group (AIG)
P.I. Direct have been steadily building a sound book of business with this Insurer over the past couple of years and we now have their binding agreement on a number of occupations, including Mortgage and Finance Brokers.
P.I. Direct, in conjunction with AIG, are also pleased to be able to offer retail brokers an exclusive Professional Indemnity product for any of your clients that are members of the Real Estate Institute of Queensland or the Independent Real Estate Agents Network (irean)
Cover can be purchased for Professional Indemnity insurance on its own at extremely competitive premiums or alternatively, PI can be packaged with AIG's class leading Directors' & Officers' Liability product ' Private Edge, at a substantial discount from normal prices.
Hiscox Global Markets
We are delighted to have been selected by one of the biggest insurers of Technology, Media and Telecommunications risks, the Hiscox Syndicate at Lloyd's, to partner them in the introduction of their Technology Protection policy into Australia. The policy provides protection for errors and omissions as well as third party bodily injury and property damage.
A new quote disc initiative allows P.I. Direct to interface with the Hiscox systems in London and to provide instant quotes, cover confirmation and policy documentation from our Springwood office.
To learn more about the Hiscox Technology Insurance product and their 'value add' services, please give us a call on (07) 3387 2800 and we would be happy to provide you with further details.
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