Professional Indemnity Insurance For Estate Agents and Letting Agents
Professional indemnity insurance is intended to protect you in the event of a claim or legal action against you for breach of professional duty. The cover includes the legal costs and expenses involved in defending such a claim, as well as compensation payable if you are found liable, subject to the policy terms and conditions. It is recommended that you have appropriate coverage to safeguard your business and clients, whether you are a letting agent or estate agent.
Estate agents may face liability where for example, the estate agent has inadvertently misled a buyer and caused them financial loss. The buyer may seek to recover any financial losses they incur as a result of reliance on such a representation. Estate agents insurance cover should be comprehensive to ensure you are properly protected in the event of a claim.
Letting Agents may face liability if for example, they fail to adequately vet a potential tenant prior to the tenancy being agreed, or properly advise a landlord on changes in regulation which affect their property. The landlord may seek to recover any financial losses incurred as a result of such failings, including lost rent due to an unsuitable tenant, or the property standing empty whilst work is carried out to remedy deficiencies (EPC rating for example).
Why Choose Us For Professional Indemnity Insurance
Professional indemnity insurance protects you against legal fees when defending a claim, as well as any compensation or costs granted to your client.
At Professionalindemnity.com we provide insurance cover for estate agents and letting agents and those within professional services that provide specialist advice. We understand our clients’ needs and have a history of success in matching your unique needs to a policy that provides the correct insurance coverage for your business.
Our professional indemnity insurance is one of the most affordable premiums available on the internet.