Membership
Professional indemnity facility
Segregated professional indemnity cover, designed specifically for AIQV Desktop Valuation Assessments prepared for taxation purposes.
General information only. This page provides general information and does not take into account your objectives, financial situation or needs. AIQV does not provide personal advice about insurance. Before deciding whether to acquire the cover, read the Product Disclosure Statement (PDS), policy wording and Financial Services Guide (FSG), and consider whether the cover is appropriate for you. If you need advice, speak to a licensed insurance broker.
About the facility
Certified valuers must hold a current policy under the AIQV professional indemnity facility before they can receive AIQV assignments or use the report engine. The facility is arranged through our AFSL-licensed partner and issued by the insurer named in the PDS. AIQV acts as a facilitator and authorised representative of that licensee; it does not issue the policy or set its terms.
Key features (summary)
- Annual premium of $300 per certified valuer
- Applies only to Desktop Valuation Assessments for taxation purposes prepared through the approved AIQV platform using an AIQV-approved quantitative methodology
- Designed around a limit of indemnity of not less than $1 million and seven years’ run-off cover
- Segregated from any cover you hold through your employer or another professional body
- Policy status is linked to your portal: access to the report engine is suspended automatically if a policy lapses
- Renewal reminders 30 days before expiry
The features above are a summary only. The PDS and policy wording prevail. Cover is subject to the insurer’s acceptance, terms, conditions, limits and exclusions.
Documents
Read these documents before deciding to acquire the cover.
What is not covered by the facility
Work outside the platform
Any valuation not prepared through the approved AIQV workspace and report engine.
Non-tax purposes
Mortgage lending, banking panels, litigation, family law, insurance, compulsory acquisition or any other non-tax purpose.
Employer or other work
Work performed for or through your employer, or under any other professional scheme.
How to arrange cover
- Complete your AIQV certification.
- Open Professional indemnity in the member portal and follow the link to the partner portal to apply, read the PDS and pay the premium directly to the licensee.
- Record your policy details in the portal. Once confirmed, your workspace access is activated.
Questions about the facility can be sent to insurance@australianinstitutequantitativevaluation.com.au. We can provide factual information but not personal advice.
Complaints about insurance
Complaints about the policy or claims handling should be made to the insurer or licensee as set out in the FSG and PDS, including access to the Australian Financial Complaints Authority (AFCA) where eligible.
Ready to become certified?
$1 covers enrolment, training, certification and your first year of membership dues.