Real Estate

Professional Indemnity policies are primarily designed to defend and indemnify you against most civil liability claims from third parties seeking compensation as a result of your professional negligence.

Professional Indemnity policies may include the following optional extensions:

• Fidelity (usually sub-limited to $100,000 or less)
• Employment Practices Liability (usually sub-limited to $500,000 or less)
• Statutory Liability (usually sub-limited to $250,000 or less)

For more information, visit our Professional Indemnity Insurance Page

Cyber Insurance is designed to specifically address the exposures Real Estate Agents face when using the internet, email, websites, computer programs and in particular from storing private information about their clients.

Cyber Liability & Privacy Protection insurance policies general provide the following key elements of cover:

• Third-Party Claims: From failure to keep data secure, including claims for compensation, investigations, payment of fines and penalties. Also includes defence costs and legal representation expenses.
• Business Interruption: Reimbursement for lost profits, as well as necessary expenses incurred to maintain operation of the business as a result of the interruption.
• Remediation Costs: Reimbursement of the Insureds own costs including credit monitoring, cyber extortion, data restoration, forensic, notification and public relations costs, and legal representation expenses.
• Social Engineering/Phishing/Phreaking/Cyber Fraud (optional extension and usually sub-limited to $250,000 or less): Cover for Direct Financial Loss and/or Loss which the Insured is legally liable to pay due to: Social Engineering, Phishing, Phreaking, Cyber Fraud.

For more information, visit our Cyber and Cyber Crime Insurance Page

Managing a Real Estate business comes with its risks and responsibilities. As a director or officer of a business your personal assets as well as company assets can be exposed under many circumstances. Management Liability Insurance primarily provides coverage for Directors and Officers for loss on account of wrongful acts committed or allegedly committed in the execution of the director or officer’s duties.

These policies also extend to cover:

• Employment Practices Liability – full policy limit
• Statutory Liability – generally up to $1,000,000
• Crime (First Party & Third Party cover) – generally up to $1,000,000
• Tax Audit – generally up to $250,000

For more information, visit our Management Liability Insurance Page

The risk of fire, theft, malicious damage and accidental damage of company property can be protected under a Business Insurance policy. Business Interruption (loss of revenue and additional costs), can also be insured together with other policy sections such as Glass, Money, General Property Public Liability and Machinery/Electronic Breakdown. An important consideration with Business Insurance is to ensure that the risk of flood is considered, and that the flood extension is requested to be included if required. Flood is not a standard inclusion under Business Insurance policies.

For more information, visit our Business Package Insurance Page

If you lease/own a company office, hold events, visit clients, participate in other sales or property management activity you will have an exposure to potential third party injury and/or property damage claims. Public Liability is a ‘must have’ insurance policy for all businesses who operate in the property sector.

For more information, visit our Public Liability Insurance Page

This statutory insurance is compulsory in all states and territories for incorporated entities whom employ staff or pay wages. Workers compensation Insurance may also be required for sole traders and ABN holders.

For more information, visit our Workers Compensation Insurance Page