This article is more than 24 months old and is now archived. This article has not been updated to reflect any changes to the law.
Cleardocs has partnered with Accountants Insurance Services (AIS) which services the insurance needs of accounting clients across Australia. AIS says that it:
If you refer 2 clients a week who sign-up for the AIS insurance, you can earn $78,750 a year.
Currently, when you see a client, what do you do about their life and income protection insurance requirements?
Australian Insurance Services (AIS) asks "If you do nothing, then what happens about your duty of care as an accountant and business advisor?"
Accountants can use AIS to arrange insurance that helps provide financial security to their clients after major accidents, in life-changing illnesses, or after premature death.
Even though many people think "It will never happen to me", one accountant who uses AIS has already had claims made by three clients. Accountant Adam Rogers is an AIS sub-authorised representative who runs an accounting firm on the Sunshine Coast. Here are his clients' stories:
There were complications during the client's recovery, and he was off work for 4 months — living week to week, with rent to pay, and all the normal costs of living. Without the Income Protection insurance Adam arranged for him, the client might have been evicted from his home and might have had to borrow just to get by.
The policy paid a replacement salary for his time off work. The client was able:
Adam had arranged the insurance policy for the client only a few months earlier — and the premium was tax deductible.
Three weeks after the client was diagnosed with breast cancer, the insurance paid her $130,000 which she used:
AIS is specifically designed for accountants, to make it easy for you to protect your clients, to ensure your duty of care is covered, and to reward you with an upfront and trail commission.
As AIS says:
The legal information and commentary on this site is general only. Documents ordered through Cleardocs affect the user's legal rights and liabilities. To assess their suitability for the user, legal accounting and financial advice must be obtained.