Insurance should be a key consideration for you regardless of the size and location of your business. You work in real estate because of your passion for property – but also to earn a living. Sometimes all it takes is one unhappy client, or a severe weather event to completely bring your business operations to a grinding halt, and insurance coverage can act as your safety net to help ensure you’re not forced to close your doors due to being inundated with unexpected costs.

A traditional building insurance policy covers damage to property caused by a specified peril, such as storm; fire; and damage caused by theft or attempted theft. Landlord Insurance has been designed to cover property owners for risks faced by a landlord, such as rental default and public liability.

If you’re renting out a property, it is important to consider Landlord Insurance . It will not only help cover some of the costs to repair the home if an insured event occurs but can also reimburse you for loss of rental income if your property has to be vacant for a period of time while the repairs are being carried out.

Professional Indemnity Insurance is designed for any business which is involved in providing professional advice or services to clients, and as a real estate agent, this is your core service. Whether you’re advising a seller of a property value, or a landlord on which tenant to approve, your clients make big decisions based on your advice. It’s therefore possible that advice you provide doesn’t end up with the best outcome, and your client takes action against you for financial loss they subsequently suffer. This is where PI insurance becomes crucial – it may help you cover the legal cost of your representation in court, as well as the financial compensation you may be required to pay.

Professional Indemnity Insurance provides cover for claims made against your business by third parties claiming that your professional services or advice caused them loss.

Public Liability Insurance covers the costs associated with a third party’s claim for personal injury or property damage or due to products that are sold or supplied through your business.