CAFBA has in place a Professional Indemnity Insurance Scheme which offers members an individual policy under the scheme arrangements. The scheme, underwritten by Vero Insurance, is managed by Amanda Smith of Optimum Insurance Services Pty Ltd.

It is a CAFBA membership requirement that, effective from 1 July 2012, minimum Professional Indemnity insurance cover of $2m per claim and in the aggregate be held, including minimum run-off cover of 12 months. The CAFBA policy also complies with Australian Credit Licence requirements. CAFBA has sought to ensure appropriate cover can be accessed by our members at a competitive cost.

In addition to the PI Scheme, Optimum Insurance Services have selected some other insurance products which they recommend as worthy of consideration by members. CAFBA has agreed for Optimum to offer these products along with the PI cover. For more information on all these insurance products follow the link CAFBA Member Insurance to the Optimum Insurance Services website.