An unsatisfied customer can lead to an expensive lawsuit, which could seriously damage your client’s business and reputation – even when they’re not at fault. At Procover, we know how to protect your clients’ professional exposure, with a suite of financial line products across construction, engineering, miscellaneous and IT risks, as well as hard to place risks.
Procover Underwriting Agency Pty Ltd (ABN 46 165 322 592, AR No. 453410) (‘Procover’) is an Authorised Representative of Miramar Underwriting Agency Pty Ltd (ABN 97 111 534 797, AFSL 314176) and acts under binding authorities as agent for the insurers of the products under a coinsurance arrangement between certain underwriters at Lloyd’s and HDI Global Specialty SE – Australia (ABN 58 129 395 544, AFSL 458776).
Procover is a wholly owned subsidiary of Steadfast Group Ltd (ABN 98 073 659 677) (‘SGL’). SGL may receive a professional services fee (PSF) from insurers, premium funders and underwriting agencies such as Procover (Partner) for access to regulatory and compliance support; marketing and communications; data insights; and access to technology platforms. The PSF is an agreed amount between SGL and the relevant Partner, usually annually. The PSF is not determined by the volume of the business that the Steadfast Network brokers place, nor is the amount of the PSF known to the Steadfast Network Brokers, so it is not able to influence recommendations to their clients.
Procover may have access to shared services from SGL, including: compliance tools; procedures; manuals and training; legal; HR banking; and group purchasing arrangements. These services are funded by SGL, subsidised by SGL or SGL receives a fee for them.
SGL’s FSG is available at www.steadfast.com.au or on request by telephoning SGL’s Company Secretary on +61 2 9495 6500.