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GOOD NEWS AND BAD NEWS FOR REAL ESTATE
AGENTS PROFESSIONAL INDEMNITY
Real Estate Agent Professional Indemnity Premiums reduce by 40%!
REAPI™ (Real Estate Agents Professional Indemnity) is a product specially designed for the Real Estate Agent protecting your firm against legal actions caused by your business’ professional activities. Not only is it important to have the appropriate Office Insurance including Public Liability covers but these days without a Professional Indemnity policy it could set you back years in your business, or even put you out of business.
REAPI™ is a registered trading name of Eagle Insurance Brokers Pty Ltd a licensed Australian Financial Services Provider of General Insurance Broking services and it is with our experience and knowledge that this product has been developed using the best wordings currently offered around Australia, built by professionals who actually know this very intricate class of insurance.
Don’t leave it to chance when selecting your PI Insurance as chance has never won a court battle yet!
We have included the following features so that you are well protected:
| FEATURE |
EAGLE INSURANCE |
BENEFIT |
| Principals Previous Business |
Yes |
Covers your liability from a previous business that you ran and merged into your existing business |
| Libel and Slander |
Yes |
Protection against what is said from either your staff or yourself of a defamatory nature |
| Contractual Liability |
Yes |
|
| Trade Practices Act |
Yes |
Coverage for breaches or alleged breaches of the Trade Practices or similar state legislation |
| Intellectual Property |
Yes |
Accidental infringement of another person's copyright, trademark, patent etc. |
| Continuous Cover |
Yes |
Loyalty Bonus |
| Loss of Documents |
Yes |
Loss of important documents which cannot be easily replaced |
| Attendance at Inquiries |
Yes |
Expenses incurred resulting from attendance at any inquiry |
| Automatic Reinstatement |
Yes |
Reinstatement of original Limit of Indemnity following a claim |
| Joint Venture Liability |
Yes |
Protection for liabilities incurred as a Joint Venture Partner |
| Franchisor’s Indemnity |
Yes |
Coverage for claims made against the Franchisor for actions of Franchisee |
| Fidelity |
Yes |
Theft of Insured's money by employees |
| Subcontracts & Consultants |
Yes |
Covers your vicarious liability from any consultants or sub contractors that you engage. It does not cover the consultant or sub contractor |
| Full Limit – Bodily Injury |
Yes |
Coverage for Third Party Bodily Injury resulting from conduct of professional activities |
| Full Limit – Property Damage |
Yes |
Coverage for Third Party Property Damage resulting from conduct of professional activities |
| General Insurance Distribution |
Yes |
Coverage for distribution of general insurance products |
| Court Attendance Costs |
Yes |
Up to $250 per day for employees and up to $500 per day for Principals |
| Public Relations |
Yes |
Expenses incurred in prevention/minimisation of a claim |
| Heirs, Estate & Legal Representatives |
Yes |
Coverage for legal assigns in the event of Insured's death or incapacity |
| Fraud & Dishonesty |
Yes |
Vicarious liability for actions of Employees |
| Former Principals |
Yes |
Continued protection for former Principals/Employees |
Consultants, Subcontractors & Agents |
Yes |
Vicarious Liability for actions of Consultants etc. |
Run-Off Cover - Insured Entity/Subsidiary |
Yes |
Protection for former subsidiaries |
Defamation |
Yes |
Allegations that, in your professional capacity, you have defamed a persons' character |
Professional Indemnity Insurance has never been so affordable so get a quote today to ensure you are getting the best deal available.
For any questions contact Michelle Govier on 1800 132 453 or michelle.govier@eagleinsurance.com.au |
