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Insurance Broker Professional Indemnity claims

Notify potential claims early — most policies require prompt notification of circumstances that could give rise to a claim.

Inappropriate advice claims

Claims that a product or investment recommendation was unsuitable for the client's needs.

Non-disclosure claims

Claims linked to alleged failure to disclose material policy terms or risks.

Ombud complaints

Complaints escalated to the FAIS Ombud or short-term insurance Ombud.

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See also: Insurance Broker PI Cost · Insurance Broker PI Requirements · Insurance Broker PI Exclusions

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