At Integrity Insurance Solutions, the PI insurance needs consist of Australian Securities and Investment Commission (ASIC) needs for Australian Financial Services (AFS) licensees. Two key differences between both of which are explained:
Any PI insurance provider’s needs to have the cover according to the requirements necessarily, but some factors put direct effect to the decision:
Getting the policy gives coverage to:
Spending some time and money for the risk management is not an advice move, but on the same time this is what every insurer needs to be aware about. So, always ready with future safety plans to deal with any of the mishap before that mistake changes to huge loss.