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
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.
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