Financial advice is its own world — its own wording, its own risks, its own scenarios. Quadrant PI was built for it. Your premium moves both ways as your team changes, you're not tied to any membership, and you can apply online. Quadrant PI is Professional Indemnity cover created by advisers, for advisers — brokered by Hutchison Rodway.
Get my PI quoteNo obligation. Takes a few minutes.
The full application is further down this page. Fill it in once and it goes straight to the team — no forms to download, no back-and-forth.
Go to the applicationNo obligation. Takes a few minutes.
Every FAP in New Zealand has to hold PI cover to trade. Yet most advisers can't answer three simple questions about their own policy.
The market has trained you not to ask. Policy wording gets treated as "intellectual property." Premiums arrive without explanation. Some schemes lock you in to a membership before they'll even quote you.
We think that's backwards. So we built the opposite.
Three questions your broker should answer
Quadrant PI was founded by financial advisers who were frustrated with how little transparency they got from the big brokers. They built the cover they wished they'd had — and asked Hutchison Rodway, with 35+ years in the insurance and risk market, to broker it.
Today Quadrant PI protects close to 200 FAPs across New Zealand, underwritten by QBE. In five years the scheme has had multiple notifications and one open claim — and nothing paid out.
When a notification comes in, we don't step back. Hutchison Rodway gets actively involved — talking to the parties and working towards a resolution — and where it helps, we bring in Quadrant's directors, who know this market from the inside. You have a team behind you, not just a policy.
Eight things we do differently — starting with telling you everything.
We share the full policy wording and show you how your premium is calculated, line by line. No surprises, no "trust us".
Your cover reaches back to the day you started advising — not an arbitrary cut-off date. Many schemes cap this. We don't.
Planning to sell your advice business or retire? Runoff protection is built in, so the work you've already done stays covered.
Whatever industry body you belong to, or none at all, we'll quote you. You shouldn't have to join a club to get fair PI cover.
When your team changes mid-policy, your premium adjusts up or down. Most schemes only ever adjust upward.
Every premium we quote includes GST. When you compare us against an ex-GST quote, you're comparing the real number — not a smaller one with the tax left off.
Joining close to 200 FAPs means group-negotiated rates with QBE, not the individual pricing you'd pay going direct.
A simple form, pre-populated at renewal, and a certificate issued on acceptance — without the back-and-forth.
Your PI premium is based on your insurable income. If you're declaring income that's later clawed back, you may be paying for cover on money you never kept. We'll show you how clawbacks affect your premium — and make sure you're only insuring what you actually earn. It's the kind of thing a broker should tell you. Most don't.
It isn't. We handle the move, line up your start date with your current expiry, and your retroactive cover carries back to when you began advising — so there's no gap and nothing falls through the cracks.
These two get mixed up constantly. Retroactive cover looks backwards — ours is unlimited, so from the day you join, claims arising from advice you've already given are covered. Runoff is the other end — the cover you need once your FAP stops trading. Runoff protection is included, and we'll talk you through how it works for your situation before you commit.
That's fine — we're association-agnostic. We'll quote you regardless of who you're a member of, and you keep whatever memberships you value.
Compare like for like. Our quote includes GST, so you're comparing the real number — not a smaller one with the tax left off. Plenty of advisers find the gap is significant once they're comparing on the same basis.
The prices below are for a one-person business — one working director, earning under $150,000 a year. If your business is bigger or shaped differently, apply anyway: your quote is built on your actual numbers.
Public Liability, Statutory Liability (covers a breach of the FMA), Directors & Officers, Employment Disputes (wrongful dismissal) and Crime/Fidelity (theft by employees) — plus more besides.
The two covers most advisers want, on their own. Around $316 a year less than QPack if you don't need the rest.
Every figure includes GST. Your actual premium depends on your business — get a quote and we'll show you exactly how it's built.
It's the first thing you'll hear about us, so let's deal with it directly rather than wait for someone else to raise it.
Yes, Quadrant PI uses a shared aggregate. You have a limit of indemnity for any one claim, sitting under a larger aggregate limit shared across the group for the policy period.
The argument you'll hear is that a shared pool is "first in best dressed" — that if enough large claims landed at once, the pool would empty and everyone after that would miss out.
Here is what that argument leaves out. There isn't one policy. There are multiple policies, and the group is randomised across them, so no single event drains everything. And behind whatever limit applies to you sits Hutchison Rodway's own $100 million professional indemnity cover. On the $50 million option, that's a $150 million backstop, not $50 million.
Then there's the record. In five years, across close to 200 FAPs and roughly 450 advisers giving advice, the scheme has paid out nothing.
We'd rather show you exactly how the structure works and let you make your own assessment of the risk. That's the entire point of doing this transparently.
The form above goes straight into our quoting system.
With a link to accept it when you're ready.
Phil and the team make sure the cover fits, and answer anything you want to check.
Certificate issued on acceptance, with renewal pre-populated next year.
Fill in the application below and it goes straight to the team. No obligation.
