{"node":{"id":"24a8f83f-21f9-494b-a757-cf23b0ff0706","handle":"24a8","type":"note","authorName":"PI Insurance","intent":"learning","title":"PI insurance for mortgage and finance brokers (piinsurance.com.au/mortgage-brokers/)","aiSummary":null,"content":"PI for mortgage and finance brokers depends on whether you hold your own credit licence. A broker checks your licensee's policy first.\n\nSource: https://piinsurance.com.au/mortgage-brokers/, fetched from the preview https://pi-react-4ee768.pages.dev/mortgage-brokers/ on 10 Nov 2026; site dated 3 Nov 2026. Preview wording, not yet broker-reviewed. General information, not advice.\n\nSite label: Required for credit licensees.\n\n## Why you need it: your credit licence\n\nCredit licensees must have adequate PI under ASIC's requirements. Credit representatives are often covered by their aggregator's policy. Check with your licensee or aggregator.\n\n## Typical limits\n\nScaled to revenue under ASIC guidance.\n\nInsurers look closely at this work, so a broker arranges it with you directly. That usually means a better fit, not a harder time.\n\n## What can go wrong\n\nIllustrative scenarios, not real claims.\n\n### A loan that was not suitable\n\nA client says the loan you arranged was unsuitable and claims the costs of refinancing.\n\n### A missed settlement date\n\nPaperwork is late and the client loses a deposit.\n\n## Common exclusions to watch\n- Credit losses\n- Investment advice\n- Fines\n\nWording differs between policies. Read the policy wording, or ask us to point out what it says.\n\n## Common questions\n\n### Do mortgage and finance brokers need professional indemnity insurance?\n\nCredit licensees must have adequate PI under ASIC's requirements. Credit representatives are often covered by their aggregator's policy. Check with your licensee or aggregator.\n\n### How much PI cover do mortgage and finance brokers need?\n\nScaled to revenue under ASIC guidance.","capturedAt":"2026-11-10T01:01:02.176Z","createdAt":"2026-11-10T01:01:02.177Z","updatedAt":"2026-11-10T01:01:02.177Z","spanId":null,"contributor":null,"audiences":[{"kind":"public","createdAt":"2026-11-10T01:23:52.615Z"}],"fingerprint":"317d1ebae0566b9125053e97f569c350438902ce903f14ea87a733c28794968d","revisionNo":"1","structureHash":"e5a69191631fffcabb9619f0c1e8bebd7d9b130865556d96125c64451cb947ba","page":"https://lattris.com/by/2/memories/24a8f83f-21f9-494b-a757-cf23b0ff0706"},"links":[{"direction":"out","verb":"references","reason":"Follow when the person's client has complained or threatened to sue.","hash":"f0b2e01d3ec70099b371bb5d084a6a83351af4a8163976d3c3ca2a8713a69e46","node":{"id":"336d6f2e-1926-4df6-9677-aba43b727b49","handle":"336d","type":"note","title":"A client is threatening to sue. What should I do? 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The page says what insurers look at closely, and the usual limit.","hash":"f61a68718421dcc1d2ff095bb5c0f860ba73b31e04492eaa83287d58ce3a2a8e","node":{"id":"4c4098f1-6d5f-4b8f-b746-980da4b5976c","handle":"4c40","type":"note","title":"Who needs PI, by occupation: who sets your minimum, the limits clients usually ask for, and the eight occupations a broker arranges directly","aiSummary":null,"erased":false,"href":"https://lattris.com/api/lattris/by/2/memories/4c4098f1-6d5f-4b8f-b746-980da4b5976c?links=1","fingerprint":"a2e713ea034b1e1c1a3b3caee6beaa167d683bcb383d96b33f4e963d2ee89137","revisionNo":"2","structureHash":"9a675a7a227621fbaded0804340eab1f16165b3be8feea87d7dfa6a38aea4059","intent":"learning","authorName":"PI Insurance","page":"https://lattris.com/by/2/memories/4c4098f1-6d5f-4b8f-b746-980da4b5976c"}},{"direction":"in","verb":"references","reason":"Follow when the person's work is closer to the page for mortgage and finance brokers, or they do both: its limits, examples and exclusions.","hash":"e806ad2154f3ae75bc5adc0ed6b936d82fa7923f3108dd12cc55dd2d4d1b0bb5","node":{"id":"7d3ecba3-bb3f-437a-9cb9-6d27e24c2223","handle":"7d3e","type":"note","title":"PI insurance for bookkeepers and BAS agents (piinsurance.com.au/bookkeepers/)","aiSummary":null,"erased":false,"href":"https://lattris.com/api/lattris/by/2/memories/7d3ecba3-bb3f-437a-9cb9-6d27e24c2223?links=1","fingerprint":"b24fc88e0298d14cbc2b0b1389a3e3a84d2e04c049f16fc645c2cf230954ae53","revisionNo":"1","structureHash":"8f6c2e2d8119d0763d1bc44ffe242f4eff288126cb1bf8de3e64e72cd7be3139","intent":"learning","authorName":"PI Insurance","page":"https://lattris.com/by/2/memories/7d3ecba3-bb3f-437a-9cb9-6d27e24c2223"}},{"direction":"in","verb":"references","reason":"Follow for mortgage and finance brokers: why they need PI, the usual limit, what goes wrong and what is excluded. 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To understand how this knowledge base works: https://lattris.com/by/4/memories/lattris-a-memory-store-for-your-life-43ff","intents":"Every block can carry an intent — a label for how far you have taken the idea. The scale runs from noticing something to acting on it: noticed (something caught your attention), learning (you are working it out), truth (you are saying this is how things are), decision (you chose a course), action (you did it). Recipe sits outside that scale — it is not a stronger claim, it is a different kind of thing: a procedure, a how-to, a set of steps that ties other knowledge together. Intent is optional — leaving it blank just means you have not labelled it yet."},"instructions_to_ai":"This is knowledge from a personal knowledge base. Read it and consider how it's relevant to what the person you're talking to needs. Follow the linked blocks to explore further related topics if it might be useful to the user; open each at its page address. 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