David Allan

Expertly compared by David Allan

Products Updated June 4, 2018

Professional Indemnity Insurance For Estate Agents

For estate agents being involved in contract disputes and property problems is all part of the job and can more often than not be unavoidable. However, this can occasionally lead to allegations made against you regarding professional negligence. Our experts can ensure you and the business is fully protected.

2 providers expertly compared:

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All credit types
Rated 4.8/ 5

Simply Business Why?
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
Simply Business

Products
Small business insurance

speciality
Professional Indemnity Insurance

Simply Business is an insurance broker that specialises in helping small businesses get the professional indemnity cover they need to protect their business. Get a quote for a personal illustration.

2 providers expertly compared:

Available via broker only
All credit types
Rated 4.5/ 5

Hiscox

Provider
Hiscox

Products
Business Insurance

speciality
Professional Indemnity Insurance

Hiscox PI insurance is designed to protect anyone who could face claims and risks associated with such things as negligence, breach of contract, defamation. Cover is available for all business types including sole traders, partnerships and companies.

Professional Indemnity Insurance For Estate Agents

We have experience of working in a number of different areas, providing professional indemnity insurance for many different businesses because we fully understand the risks you face as a business. We will ensure that the level of cover you have will protect you from all possibilities should a third party attempt to sue you which means any compensation or defence costs incurred will be paid for through our policy.

PI Insurance For Estate Agents

PI Insurance For Estate Agents

We will ask you to complete a simple questionnaire in order for us to fully understand which cover suits your business whilst ensuring that we meet your budget requirements. Understanding how important professional indemnity insurance for estate agents is, is crucial to the running of your business as well as its success.

How does it work?

This kind of cover is crucial to your business because having protection in place will ensure that you are covered for any claims made against you. This is not like usual insurance because protections in the form of a “ Claims Made” principle and this means that should a third party make a claim against you, they have to revert back to work that was carried out during the dates that the cover was in place. It is simple for errors to be made, after all, you are human but they can prove costly and this why you need to be protected. Your clients can sue you for any financial losses at any time and this can have a huge impact on your business, therefore, if a claim is made against you, you will be covered for any costs incurred from defending yourself or covering compensation costs.

The features

This cover comes with the following features:

  • Your business will be protected in various way thanks to the way in which this cover works
  • Any claim made against you is assessed extensively before any payment is released
  • This is a policy that is essential and therefore covers everything you could think of for the duration of the policy
  • Quickly it will become an important part of your running costs
  • It can damage your business when it comes to dealing with the costs of any claims but this policy will ensure that all costs are covered
  • This is a policy written on a “Claims Made” basis which provides you with protection for the time the policy is in place
  • Indemnity available in varying amounts
  • You will be covered should you lose crucial documentation
  • Court attendance costs will be covered
  • Payment options to suit your needs
  • What are the benefits?

    Your business can benefit from the following benefits associated with this cover:

    • You can be sure that you are following all regulatory rulings as well as any legal requirements
    • Having the reassurance knowing that you are covered should any claims be made against you
    • Any compensation costs will be covered should your client be awarded damaged by the courts or arbitrators
    • Defending any claims can prove expensive, so even if a claim has no substance you will still have your legal costs covered
    • Expert advice and representation is available should you require it
    • Ensuring that your business continues operations should a claim be made against you is crucial, so having this cover will allow this to happen
    • This cover proves to your clients that you are professional and trustworthy

 

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