Risk Needs Calculator

Brought to you by Risk Hub

Terms of Use & Privacy

1. About the Risk Needs Calculator

The Risk Needs Calculator, brought to you by Risk Hub, is a software tool designed to support financial advisers in estimating and illustrating insurance needs as part of an adviser-led advice process.

The calculator is intended to:

  • support structured adviser conversations

  • assist with needs analysis inputs and calculations

  • improve consistency and efficiency in advice preparation

It is not intended to:

  • provide financial advice

  • replace professional judgement

  • be used directly by end-clients without adviser involvement

Use of the calculator does not remove or reduce an adviser’s professional, regulatory, or compliance obligations.

2. Adviser responsibility

By using the Risk Needs Calculator, you acknowledge that:

  • all data is entered by you (or under your direction)

  • outputs are dependent on the accuracy and completeness of inputs

  • results are indicative only and must be reviewed and interpreted

  • final advice, recommendations, and disclosures remain your responsibility

You should always apply your own professional judgement and act in accordance with your licence, best interest duty, and applicable laws.

3. Availability and best-efforts basis

We make best efforts to ensure the Risk Needs Calculator is:

  • available

  • functional

  • reasonably accurate

  • improved over time

However:

  • availability is not guaranteed

  • access may be interrupted due to maintenance, updates, or technical issues

  • calculations, logic, or outputs may change as the tool evolves

The calculator is provided on a best-efforts basis, without warranties as to uninterrupted availability or suitability for every scenario.

4. Access levels – Free and Pro

The Risk Needs Calculator may be accessed under different usage levels.

Free access may allow:

  • general use of the calculator

  • entry and review of inputs

  • on-screen indicative outputs

Free access does not include:

  • saving scenarios

  • exporting data

  • generating reports or summaries

Pro access (currently $59 per month or $590 per year incl GST) may include:

  • saving and loading scenarios

  • exporting calculation data

  • generating reports or summaries

  • additional configuration or workflow features

Pricing, features and access levels may change over time.

5. Data handling and privacy

We take reasonable steps to protect data used within the Risk Needs Calculator.

Data used

The calculator may process:

  • adviser-entered client information such as age, income, assets, liabilities, dependants, and financial assumptions

  • adviser account information (e.g. name and email address)

The calculator does not collect or process health or medical information.

Data storage and security

  • Data is stored using secure cloud infrastructure, including Amazon Web Services

  • Data is hosted in Australian data centres where available

  • Reasonable technical and organisational safeguards are applied to protect stored data

Anonymisation and minimisation

  • Client names are not required for calculations

  • Where possible, data is anonymised or de-identified

  • Data is used only to support calculator functionality

You should only enter information you are authorised to use and store.

6. Adviser obligations regarding client information

By using the Risk Needs Calculator, you confirm that:

  • you have appropriate authority to enter client information

  • your use of the tool complies with your own privacy policy and obligations

  • you are responsible for how outputs are stored, shared, or relied upon

Risk Hub does not independently verify the accuracy or appropriateness of data entered into the calculator.

7. Desktop-first design

The Risk Needs Calculator is designed primarily for desktop and laptop use.

While it may function on mobile devices:

  • mobile use is not optimised

  • functionality or usability may be limited

  • mobile use is not recommended for full advice workflows

8. No liability for advice outcomes

To the extent permitted by law:

  • Risk Hub is not liable for advice outcomes or client decisions based on calculator outputs

  • the calculator does not guarantee suitability, adequacy, or completeness of cover

  • outputs should not be relied upon in isolation

The calculator is a support tool, not a substitute for advice.

9. Changes to the calculator and terms

We may:

  • update or modify the Risk Needs Calculator

  • change available features or access levels

  • update these terms from time to time

The latest version will always be available on this page. Continued use of the calculator indicates acceptance of the current terms.

10. Questions or feedback

If you  notice an issue, or would like to provide feedback, please contact us via Risk Hub or by using the link from within the application.

Feedback helps guide ongoing improvements.

11. Links and contact

The Risk Needs Calculator is brought to you by Risk Hub.

For more information, access to the calculator, or general enquiries, please visit:

If you have questions, or need assistance, please use the contact options available on the Risk Hub website.

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