Nerang Insurance Advisory Centre was established in 1984, becoming incorporated in 1999. Damian Scantlebury is a Principal and an Authorized Advisor. Desiree Scantlebury is also a Principal, an Accounts Executive and an advisor on domestic products, being Tier 1 qualified. Nerang Insurance was established in the financial and insurance industry to offer value for money products for assisting in the protection and creation of assets. Our main focus is primarily on offering good value for quality products.
Damian has achieved a full Diploma in Financial Services(Broking )relating to General Insurance and (Financial Planning -(held under a separate AFS Licence as Authorised Representative with TFSA) which is not mentioned further in this Guide.
Damian and Desiree will continue their education in the Financial Services arena in order to provide our clients with the most up to date information available.
Nerang Insurance Advisory Centre P/L is able to offer you advice and service on products provided through AFA, Allianz, Ansvar, CGU, CGU Professional, Club Marine, EBM, Insurers Hotline, MB Prestige, NTI Insurance Underwriting, QBE, QBE Professional, Vero, Vigil Underwriting, Zurich Insurance, with harder to place risks written via various Underwriting Agencies.
General Insurance Risk Management & Life Insurance products including but not limited to:
- House & Contents including Landlords cover
- Motor vehicle insurance
- Business Insurance
- Boat & Trailer Insurance
- Electronic Equipment Insurance
- Professional Indemnity and Professional Risks cover for Non-Profit Organisations.
- Liability
- Accident & Sickness Cover
In addition to the services listed above, I have access to a network of associated professionals who can provide advice directly to you in the areas of:
- Personal Retirement Planning
- Corporate Superannuation
- Single Premium Investments
- Life Insurance
- Income Protection
- Trauma Insurance
- Financial and Investment Planning
- Mortgage, Commercial and Leasing Finance
- Accounting and Taxation
If you would like to know more about any of these specific services please ask and we will arrange a professional to contact you.
Other than the agency Relationships noted above we do not have any association or special relationship with a product issuer that might reasonably influence us in providing our services.
Fees, Charges & Commissions
Unless informed otherwise, we are remunerated by commission from the relevant insurers, whenever you enter into an insurance policy arranged by us (including renewals and variations to policies). We reserve the right to pay referral commissions to a referrer of business. This may vary up to 35% of commissions received.
The commission is a percentage of the insurers BASE premium (i.e. premium excluding stamp duty, GST, Fire services levy, other Government charges, taxes and levies). The rate ranges between 0% and 22.5% for General Insurance Products. The percentage rate does not represent our profit margin as we pay out of this commission, administrative and other expenses we incur in providing our services, such as rent, insurance, wages, equipment and every day running costs . It also covers the cost of performing the distribution functions of the insurer such as data entry, new business marketing, annual renewal marketing and underwriting.
The fees we may charge you are administration fees that are charged in addition to the insurers premium and government charges. They are charged either as a flat fee or a fee based upon the time we spend advising you or an annual management fee.
If there is a refund applicable as a result of cancellation, we reserve the right to retain our remuneration earned prior to the cancellation or adjustment.
Advice
Any advice that I provide will be based upon information you provide to me through my fact-finding process. Any information so gathered will only be used to provide advice to you and will not be disclosed to another party without your express permission.
You have the right not to divulge this information to me, if you do not wish to do so. In that case, my advice may be limited and I may need to warn you about the possible consequences of not providing requested information.
Any risks associated with my advice on certain investment strategies will be explained to you. If you are not clear on these please ask me for clarification.
Cooling Off Period
A cooling off period may apply to an insurance policy issued to you as a retail client. During this period you may return the policy. Details of your cooling off rights will be included in the relevant Product Disclosure Document.