Australian Institute of Project Management


PI Insurance FAQ

Frequently Asked Questions about the Quick Quote System

What is the AIPM Member Professional Indemnity Quick Quote System?

The Quick Quote system is a Professional Indemnity quoting system that allows us to provide a large number of AIPM members with an indication only of costing for their Professional Indemnity Insurance within 24 business hours without the need to fill out a full proposal.

Frequently asked questions:
 

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What Do I Need to Do To Get My Indicative Quote?

You need to complete the relevant Risk Information Questionnaire Form . You can do this by one of the following methods :-

  • By Fax ,please print and complete the form and fax to 08 8362 3131

Business Services & Construction 

Information Technology & Telecommunications 

or you can complete a request for someone to contact you

  • By Phone , call us on 08 8362 7127 and we will forward the Risk Information Questionnaire by email, fax or post . Make sure you tell us which industry you work in (See “Which Form Do I Complete?”)
  • By Email , forward a quote request to insurance@aipm.com.au and we will email you the relevant form. Make sure you tell us which industry you work in (See “Which Form Do I Complete?”)

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Which Form Do I Complete?

If you undertake work in the areas of Business Services (excluding IT) and Construction please complete the Business Services / Construction Risk Information Questionnaire

 

If you are involved in the Information Technology please complete the Information Technology & Telecommunications Risk Information Questionnaire.

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When Should I Complete the Form?

You can complete and send the form at anytime. Even if your policy is not due for renewal , we suggest you complete the form now so that we can provide your quick quote and log your details and contact you prior to your renewal.

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Who Is Eligible For A Quick Quote?

The quick quote system is open to all AIPM Members and generally applies to SME type business up to $4 Million in professional fees (Eligible Business).

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What If My Fees Are In Excess of $X Million?

If you fees are higher , still complete the relevant information and we will discuss with the underwriters to see if we are able to get an indication . If not we will contact you to gather further information.

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How Long Before I Get My Indicative Quotation?

For Eligible Business , we will return your indicative quotation within 24 business hours . This is for businesses that do not undertake any work in the “Higher Risk Categories” or have not notified of any “Claims / Claims Circumstances”.

 

In the event that you undertake work in the “Higher Risk Categories” or have notified of any “Claims / Claims Circumstances” we may need to refer this to our underwriters / obtain further information.

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What Quotations Will I Receive?

If you are involved in the Business Services/ Construction you will receive indicative quotations for Professional Indemnity Only for Limits of $1,000,000 , $2,000,000 and $5,000,000.

 

If you are involved in Information Technology (particularly if it involves purchase, installation , integration modification of software / hardware) then you will receive quotations for limits of Professional Indemnity / Public & Products Liability of $1,000,000 / $5,000,000 , $2,000,000 / $5,000,000 and $5,000,000 / $10,000,000.

 

If you require other limits please advise (noting that this may take longer than 24 hours.

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Will My Quote Be Guaranteed?

Quotations cannot be guaranteed until we receive a full proposal and the information therein has been accepted by the underwriter. We will however in all instances aim to achieve the same terms as our indication.

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 How Do I Effect Cover?

Once you are happy with the terms of our quick quote, we will then require a fully completed proposal. Once accepted by the underwriter we will confirm your terms to you and seek your approval to effect cover.

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