General Advice Warning

Important Notice - What Sort of Advice Is Being Provided

Where a Statement of Advice has not been provided to you with this information then the advice that we are giving you related to this transaction is General Advice.

General Advice is advice that has been prepared without considering your current objective's, financial situation or needs. Therefore, before acting on this advice, you should consider the appropriateness of the advice having regard to your current objective's, financial situation or needs.

If the advice provided relates to the acquisition or possible acquisition of a new insurance policy and the insurer has prepared a Product Disclosure Statement (PDS) we will have attached the PDS for your review. You should consider the PDS prior to making the decision to purchase this product.

Retail Clients

Under the Corporations Act 2001, Retail Clients are provided with additional levels of protection from other insurance purchasers. The Act defines Retail Clients as:

  • Individuals or a small manufacturing business employing less 100 people or any other business employing less than 20 people
  • And that are being provided a financial services or products that relates to the following insurance covers:
  • Motor Vehicle, Home building, contents, personal and domestic, Sickness and Accident or Travel,

Consumer Credit and other classes as prescribed by regulations.


The classes of insurance listed below contain provisions as to average and underinsurance. This means we require you to insurance for the full value or maximum potential risk. if you do not do so, and you are underinsured, the Underwriter will pay you less in the event of a claim, calculated by a formula in the policy which takes account of the degree of underinsurance.

Classes of Insurance containing underinsurance clauses:

  • Business Insurance
  • Contractors Plant and Machinery
  • Construction/Liability
  • Trades Insurance
  • Office Insurance
  • Fire
  • Industrial Special Risks
  • Farm Insurance
  • Loss of Profits
  • Machinery and Electronic