Arrange a suitable insurance cover that fit your needs as a real estate agent. As the middle person between a potential buyer and owner of a property, a property agent faces unique risks in negotiations, sales, and market forecasts.
Professional indemnity insurance may provide cover against common claims from clients that may arise while providing your professional services. FD Beck may arrange a suitable cover fit to the specific needs of real estate agents.
Limitations of Professional Indemnity Insurance
The limits usually apply to bankruptcy, injuries, fines, and penalties. Any cost resulting from natural or man-made calamities that have nothing to do with a Real Estate Agents professional services, like war and hurricanes, will not be included in insurance coverage. Depending on the policy as well, it may or may not cover vicarious liability for a supervisory party and other special conditions.
Key Risks Encountered by Real Estate Agents
Being a real estate broker for either the buyer or seller is challenging. Real estate agents expose themselves to risks that can impact their personal and professional life.
Here are a few of the critical exposures real estate agents may face during business activities:
Arrange a Professional Indemnity (PI) Insurance in Australia with FD Beck for Your Peace of Mind
FD Beck has a network of insurers in Victoria and Greater Australia who can provide insurance policies suitable for real estate agents. We understand the risks involved in the industry. We can arrange professional indemnity insurance according to your requirements. Let us know your specific needs, and we will assist you with your policy and give you proper advice.
You may use our online calculator to request quotes for a real estate insurance policy.
You may use our online calculator to request quotes.
DOES EVERYONE IN THE REAL ESTATE INDUSTRY NEED PROFESSIONAL INDEMNITY INSURANCE?
Current legislation in Australia require real estate agents to have professional indemnity insurance. It will protect them from deep financial loss incurred by legal defence costs or investigations costs in the event of a claim.
I HAVE A BUDGET FOR PROFESSIONAL INDEMNITY COVERAGE. CAN YOU CREATE AN INSURANCE PACKAGE BASED ON MY BUDGET TO ENSURE SECURITY?
Yes, our professional insurance broker can assist you with specific insurance based on your budget and preferred level of cover, premium level, and policy period.
WHAT'S THE EASIEST WAY TO GET A QUOTE FOR REAL ESTATE AGENTS INSURANCE?
FD Beck Insurance Broker in Australia has an online insurance cover calculator available to those who wish to have an estimate before deciding on a new or combined policy or an additional premium, . It can provide a ballpark cost for real estate professional indemnity insurance and other classes of insurance policies like public liability insurance, retroactive cover, and run-off cover.
FD Beck Insurance Broker in Australia has an online coverage calculator available to those who wish to have an estimate. It can provide a ballpark cost for professional indemnity insurance and other business insurance policies like public liability insurance.