| Thursday, 8th of January 2009 |
updates
Christmas and New Year
Posted on: Monday, 22nd of December 2008
We wish to confirm that PI Direct will be open for business between the Christmas and New Year statutory holidays.
We will be closing the office at 1.00pm (Queensland time) on both Christmas Eve and New Year's Eve.
We thank all our clients, producers, underwriters and suppliers for your support throughout 2008 and we wish you a safe and enjoyable Christmas and a very successful 2009.
Lloyd's Binder
Posted on: Monday, 24th of November 2008
We are pleased to advise that we have recently secured premium reductions on our Engineers and Miscellaneous Occupations rates under our Lloyd's Binder. The minimum premiums for these risks remain unaltered.
The agreement of our Binder Underwriters to these reductions reinforces their long-term commitment to P.I. Direct.
Property Valuers
Posted on: Monday, 3rd of November 2008
The market for PI insurance for Property Valuers appears to have shrunk over the past few weeks and as a result, we are seeing increased premium rates and excesses for this profession.
P.I. Direct has a facility that is capable of underwriting Property Valuers and has done so over the past ten years. We will favourably consider risks that fall within the required criteria for this occupation but stress that the quality of the underwriting submission will greatly influence the decision on whether or not to provide terms.
A little bit of effort could save a lot of stress!
AIG Security
Posted on: Monday, 6th of October 2008
The past few weeks have been extremely turbulent and volatile in the global financial markets and we have seen one of the pillars of the insurance market, American International Group (AIG), caught up in the maelstrom. As our clients and producers would expect, we have held a number of discussions and meetings with AIG recently to get a better understanding of their actual position insofar as it relates to their Australian operations. AIG continue to comfortably exceed APRA's minimum capital adequacy requirements and enjoy a Standard & Poors rating of A+ in Australia. Therefore, as far as PI Direct is concerned, it is business as usual as far as this Insurer is concerned.
Updated PI Direct Website
Posted on: Monday, 6th of October 2008
We have taken the opportunity to update our website slightly so that it reflects the changes that have occurred since we first launched this website in December 2006. We will continue to make changes in the future so that our site remains relevant to our many producers around Australia.
ACE Elite Management Liability Product
Posted on: Monday, 23rd of June 2008
ACE Insurance Limited have selected PI Direct as one of the eligible brokers to access their new web based Elite Management Liability system. We can provide indicative and binding quotations as well as issue policy documents for Management Liability insurance within a very keen time frame. Give us a call to find out more!
New Lloyd's LSW438 Policy Wording
Posted on: Friday, 28th of March 2008
We have updated the standard Lloyd's PI policy wording (LSW 438) under our Binder Agreement. The new wording has been drafted in conjunction with DLA Phillips Fox and we believe is now more "user friendly" in its format and content. The amended wording will be issued on all renewals and new business effected from 1 April 2008.
AIG Mortgage & Finance Brokers Facility
Posted on: Tuesday, 18th of December 2007
As a Premier Partner of AIG Australia, we are very pleased to advise that we have established an exclusive facility with this underwriter to offer Professional Indemnity insurance to Mortgage and Finance Brokers, Mortgage Originators and Mortgage Managers. To obtain a quote, please either download an application form from this website or contact one of our staff.
Hiscox Technology Protection Insurance
Posted on: Tuesday, 18th of December 2007
We are honoured to have been selected by the Hiscox Syndicate at Lloyd's to partner them in the introduction of a new Technology Protection insurance product into the Australian market. We have the capability to access up to $20 million capacity on both the Public Liability and Professional Indemnity sections of the cover. If you have an IT Consultant (big or small) looking to purchase a policy, please give us a call or download an application form from the Proposals section of this website.
NIBA Professional Indemnity Facility
Posted on: Monday, 30th of April 2007
We would like to take this opportunity to remind our clients that P.I. Direct are one of only four approved insurance brokers capable of sourcing Professional Indemnity insurance quotes under the National Insurance Brokers Association (NIBA) facility.
So if you are an insurance broker wishing to obtain a quote for your own Professional Indemnity insurance, please give us a call.
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