Overview

The aim of the Super Cover's SMSF product is to provide a cost effective insurance solution to some of the risks that have the potential to reduce the assets of the fund.

Many of the risks identified by industry experts and the ATO are catered for under the policy

Risks

The four major risks of SMSF’s:

  • Non Compliance
  • Liability
  • Reduced Safety Net
  • Investment Risk

Other risks

  • Keyman (trustee) reliance
  • Operational risk

Policy sections that responds

  • 1.1 Trustees Liability
  • 1.2 Tax Investigation costs
  • 1.3 Tax audit costs
  • 1.4 Civil penalties
  • 1.5 Crime Cover
  • 1.6 Legal Pursuit Costs
  • 1.7 Professional fees in event of death
  • 1.8 Loss of Documents
  • 1.9 Cost of Official Inquiries
  • 1.10 SMSF XS Contribution appeal costs