Professional indemnity insurance for estate agents and property professionals is vital. Not only are minimum levels of cover needed to operate in the sector, but everyone makes mistakes now and then.
Whether it’s incorrect property details, inaccurate measurements, or mistaken advice, you could find yourself facing legal proceedings. PI can cover these costs and any compensation awarded.
Having arranged commercial insurance for more than 30 years, our brokers are specialists in arranging a variety of different policies. As such, we know the wide range of risks you face as an estate agent, including the demands made by professional bodies. That’s why we’re ideally placed to provide professional indemnity insurance and independent, expert advice at a great-value price.
All very helpful and efficient. I think they made a real effort to understand how my organisation works and what I need.
Estate agents’ professional indemnity insurance provides cover for legal costs and compensation claims from third parties. These may arise as a consequence of providing negligent advice or services that result in financial loss.
Our specialist PI policies provide cover for a wide range of property professionals, including estate agents, letting agents, property managers, surveyors, and quantity surveyors. It includes:
You need to have adequate professional indemnity insurance if you’re providing your advice or services for free.
The recommended amount of cover (often referred to as a “limit of indemnity”) varies according to the professional body that you’re a member of. You can usually find out the minimum amounts required by calling them. We can also advise on your individual business, because you may need more.
Covers the cost of compensating clients for loss or damage resulting from negligent services or advice provided.
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