Fenton Green is pleased to continue our partnership with CPA Australia in providing Professional Indemnity insurance solutions to members. As part of this partnership, CPA Australia has instructed us to renew their Mini Policy for another year.
The Mini Policy is issued to CPA Australia to cover members who meet the eligibility criteria and who apply for the cover.
The policy commences on 28th February every year, runs for a 12 month period and expires on 28th February of the following year.
If a member's Mini Policy application is approved, cover will only commence upon receipt of the premium payment. Members are
able to take up cover at any time throughout the policy period, however their policy will always expire on 28th February of that year.
There is no pro-rata premium consideration for members who take up cover within the current policy period.
The Mini Policy will provide $500,000 of cover for any one claim. The policy has an overall aggregate limit of $20,000,000 for the total of all claims made against all insured members - once that limit is exhausted the Mini Policy will cease to provide any further protection to any member.