Financial planner presenting investment performance data and portfolio analytics to corporate clients in modern boardroom

Financial Planners Insurance

Protect your practice from unexpected challenges and focus on delivering trusted advice.

$250k

Avg Claim Cost*

ASIC

Compliant Options

100%

Australian Support

Recognition

Industry Awards

Industry Insights

The Growing Need for
Financial Planners Insurance

Financial planning is a trusted profession, shaping lives through advice on superannuation, investments and retirement.

Here’s why comprehensive protection is essential:

The Growing Need for<br>Financial Planners Insurance

Coverage Breakdown

Common Risks Covered by
Financial Planners Insurance

Financial Planners Insurance typically covers the following risks, from professional liability to office assets.

Professional Indemnity

Claims for alleged negligence, errors or omissions in financial advice, including legal costs and compensation.

Public Liability

Third-party claims for injury or property damage during consultations or at your office.

Cyber Risks

Data breaches, hacking and ransomware, covering recovery costs, client notifications and fines.

Management Liability

Claims against directors or officers for mismanagement, covering legal defence fees and settlements.

Business Contents and Equipment

Damage or loss of office assets like computers and furniture.

General Property

Loss or damage to portable equipment, say, tablets or phones used for client meetings.

Business Interruption

Lost income and extra expenses from disruptions including fire, flood or IT outages.

Selection Criteria

Key Considerations in
Choosing Insurance

When getting Financial Planners Insurance, consider these factors to ensure your policy meets both regulatory standards and your business needs.

Key Considerations in<br>Choosing Insurance

Support

Frequently Asked Questions

Yes! Solo planners face the same risks as larger firms, including client claims and cyber threats. Here at Tank Insurance, we can help you look for affordable coverage that fits your practice's size and budget.
Yes, if your Professional Indemnity Insurance includes Retroactive Cover for claims related to past advice, provided the policy was active when the advice was given. This is critical as claims can surface years later.
Cyber Insurance and Professional Indemnity can cover errors in automated advice systems and data breaches.
Tailored policies can cover emerging areas like crypto or ESG investing, protecting against claims from untested markets. You can discuss your expansion plans with us at Tank Insurance to ensure your coverage aligns with new risks.

Protect Your Financial Planning Practice

Get ASIC-compliant Professional Indemnity and tailored cover for your advisory business. Call 02 9000 1155 or request a quote.

Expert Review: 03/01/2026

Verified by Tank Insurance Brokers

Call Us Now +61 2 9000 1155