To ensure the adequate protection of your One Agency Real Estate business, Coverforce recommend each of the following insurances are strongly considered.
Cyber and Crime Insurance
There has been a significant spike in cyber related crime in the real estate sector resulting in significant losses to businesses.
Cyber criminals are becoming more sophisticated, and are increasingly using tactics such as identity theft to hack into systems or company processes, obtaining access to company bank accounts and trust funds.
Without the correct Cyber and Crime Insurance in place, many businesses will remain uninsured for this emerging criminal activity. Cover can be arranged via a packaged Management Liability policy, or can also be arranged via standalone Cyber and Crime Insurance policies.
Public Liability Insurance
If you lease / own a company office, hold events, visit clients, participate in auctions and other sales or property management activity you will have an exposure to potential third party injury and property damage claims.
Public Liability is a ‘must have’ Insurance policy for all businesses who operate in the Real Estate / Property Management sector.
This statutory form of insurance is compulsory in all states and territories for incorporated entities whom employ staff or pay wages. Workers compensation Insurance is may also be required for sole traders and ABN holders.
To find out more, contact your Coverforce Account Executive direct or call 1300 503 503.