Staff Reporter
Members of the Finance Brokers Association of Australia (FBAA) will see no increase in the premiums for professional indemnity cover this year, according to the industry body.
Peter White, chairman, national president and CEO of the FBAA said this was the third year in a row that FBAA members have had no premium increases.
Insurance Advisernet Australia’s Darren Loades said he was pleased to continue the company’s relationship with the FBAA and its members.
“It has been a great relationship over many many years with the FBAA and we are glad to be able to continue the support of FBAA brokers in this fashion; as business costs have increased with compliance, so we feel we are doing our part in helping. It is also a testament to the quality of brokers the FBAA has as members.”
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