Smart Insurance Solutions for ALPA Members
The Australian Livestock & Property Agents Association Limited (ALPA) have established a quality professional indemnity insurance scheme tailored for its members.
Proudly managed by Coverforce, Australia’s leading insurance broker to the real estate and property industry, this scheme provides members of ALPA with excellent professional indemnity insurance at unmatched quality and competitive rates.
The Scheme covers a wide range of activities including;
- Livestock Sales,
- Real Estate Sales & Leasing,
- Property Management,
- Strata Management,
- Property Valuations,
- Business Broking.
Professional indemnity insurance
The Australian Livestock & Property Agents
Association Limited (ALPA) Professional Indemnity Insurance Scheme provides cover for claims of alleged professional negligence.
- Costs incurred to investigate a claim
- Legal costs incurred to defend the Insured
- Costs to dispose of a claim for which either a settlement has been reached or for which you have been found liable by the courts.
This scheme is the first to offer an Australia wide free 7 year run off cover. This is an important benefit because an ALPA member who sells their business could still be sued many years later over matters they may have been responsible for whilst in the business. Under normal circumstances run off insurance could cost the equivalent of approximately 4-5 years of annual premiums.
Key policy benefits include:
- A comprehensive policy wording backed by the quality of Vero Insurance or Lloyd’s of London
- Free 7 years run off cover for eligible insured’s
- Two policy limits for the price of one and in some cases three for the price of one
- Automatic Fidelity sub limit of $50,000
- Low excess structure – in some cases “costs exclusive”
- Franchisor Liability Extension
- Bodily injury/property damage cover to the full policy limit
- Continuous Cover provision
- Dedicated Claims Manager
How to get a quote
Get a quote in three quick and easy steps.
- Download the ALPA Proposal Form Complete and sign it
- Fax it back to Coverforce on 02 9223 1422
- Your quote will be returned to you promptly.
Your ALPA Account Manager
D: 02 9376 7897