Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For Letting Agents

If you own a letting company then you have to consider the needs of your prospective tenants, current tenants as well as landlords. Offering advice puts you at risk because your clients can experience financial losses as a result of incorrect advice and negligence. Our experts can protect you and the business against claims.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

4 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

4 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

4 providers expertly compared:

Available via broker only

Zurich

Provider
Zurich Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.6/ 5

All credit types

The right insurance package will give you the peace of mind to successfully grow your business. Zurich have an extensive suite of insurance products tailored to a wide range of small and SME businesses to ensure you have complete protection from all risks.

4 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

About Business Insurance For Letting Agents

Your customers will expect your advice and experience to help them make the right decisions and this can range from rental prices to deciding on the right tenants as well as helping to deal with tenant and landlord disputes. However, offering advice puts you at risk because your clients can experience financial losses as a result of incorrect advice and negligence. A client may also become injured while at your premises or at a property that you have agreed to maintain. Any claim made against you could prove costly so putting business insurance in place is a step in the right direction.

Cheap Business Insurance For Letting Agents

Cheap Business Insurance For Letting Agents

You may believe that the risk to you is low because you have never had any problems in the past. You can give incorrect advice at any time and if it should lead to your clients experiencing financial losses then they are going to want to recover them as quickly as possible. Business insurance will protect you from the costs associated with these claims even if a claim is unsuccessful. Costs can increase quickly especially where court costs and compensation is concerned so getting yourself covered is the best way to protect your business.

How Does It Work?

Our business insurance is tailored to the needs of your business and this makes it simple to handle any claims that are made against you.

Professional indemnity insurance is designed to protect your business from claims relating to negligence and incorrect advice. If you provide a client with incorrect advice regarding specific tenancy laws or even if you wrongly advise over a dispute they could experience financial losses. Naturally your clients are going to want to recover their losses so they will file a claim against you. Regardless of your experience and expertise, omitting crucial information when offering advice can happen very easily and this leaves you exposed. However, professional indemnity insurance is there to give you the protection and peace of mind you need.

As part of your services you may carry out basic maintenance work. This means that you have to work to certain standards to ensure the safety of your landlord and their tenants. Public liability insurance would protect you if a customer became injured while they are at your office or in a property that you maintain. This could involve bad workmanship linked to the refitting of floorboards or even a loose paving slab, if there is the potential for injury or damage to property then you are at risk. Public liability insurance removes all risks and associated costs giving you the confidence you need to focus on your business.

The Features

Business insurance has the following features:

  • All claims are covered regardless of their size
  • Full assessments are carried out before payments are made
  • Your business will receive full protection
  • Defence costs and compensation costs are included as part of the cover
  • Your business requirements are considered before cover is selected
  • Court costs are covered
  • You budget will be considered and insurance provided accordingly

What Are the Benefits?

You will experience the following benefits:

  • You will be compliant with all legal requirements as well as regulations
  • Focus more on your business needs
  • Your business will be fully protected in every possible way
  • Advice is available along with representation
  • Have confidence in your decision making

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