Protection for the services and advice you provide
Meets the requirements of leading Real Estate Associations
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Whether it’s helping your clients buy, sell, rent, or manage their commercial or residential property, having business insurance is a solid investment when it comes to protecting your business.
If the professional service you provide isn’t up to scratch or you make a mistake, your client could suffer a financial loss and you could face a claim against you.
Having Professional Indemnity insurance can provide you with some financial protection in the event of such a claim.
Why do I need Professional Indemnity Insurance*?
Professional Indemnity (PI) insurance is an important form of protection for real estate agents and agencies, because you provide specialist services and professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy..
What are the risk factors?
Negligence in rendering professional services
Allegations of misleading or deceptive conduct
Poor property management
Breach of the consumer law
Incorrect or inadequate advice
Underquoting
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*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.