Professional Indemnity Insurance Designed Specifically for Professional Letting Agents
Meeting the demands of a fast-changing economic, political and legal landscape is essential for any business; we live in an increasingly litigious society and any business could make a mistake that may cause financial harm to a client and result in the need for protection.
Our Professional Indemnity protects your business from financial and reputation damaging claims from dissatisfied clients. Not only does the Professional Indemnity policy protect letting agents in the event of a claim, but it also demonstrates a level of professionalism and commitment to both your own and your client’s assets.
Additionally, Professional Indemnity is a requirement to have Client Money Protection in place for Letting Agents.
Peace of Mind for Your Business
With the introduction of new legislation and increased regulation of property agents the consumer will enjoy added protection and therefore more rights to pursue property professionals.
This is why it is now more important than ever that you consider removing risks to your bottom line and continued business in a package that is tailored to the challenges of our market.
Simply email your enquiry and current renewal date to PIEnquiries@homelet.co.uk and we’ll walk you through the process
Mitigating Risk
Jenni Wheatley – Head of UnderwritingWe know from previous experience that during an economic downturn claims frequency increases. With the introduction of new legislation and looming regulation of property agents (RoPA) the consumer will enjoy added protection
and therefore more rights to pursue property professionals.There is no doubt we live in a society where there is an ever-increasing claims culture. Extensive choice coupled with advanced technology, social media, online claim centres, chat rooms, blogging, No Win No Fee law firms have all served to educate the consumer of their rights who in turn have become increasingly demanding and litigious.
Professional Indemnity provides peace of mind to all estate and letting agents so they can do their job without fear that an error or omission could negatively affect their business.
Flexible cover to suit your business
Cover for Business Turnovers of up to £1m
Between £100k to £2m of PI, cover to suit your needs
Costs in Addition cover – Legal Costs in PI claims do not diminish the Sum Insured
Cover for any Civil Liability not specifically excluded
Optional increased excess to lower PI premiums
Option to include £1m, £2m, or £5m of Public Liability
Option to include £10m Employers Liability cover
Option to include up to £10m Management Liability cover including D&O, Corporate Liability and option to include Company
Employment Practice liability
Comprehensive Office Insurance Including £1m Equipment Breakdown and £10k Personal Accident (Assault) cover AS STANDARD with further options including:
— up to £35k of contents cover with portable property covered on an All Risks basis
— up to £20k computer equipment
— Business Interruption cover, including denial of access for up to £250k of Gross Revenue
Up to £100k per claim of Legal Expenses Cover for Contract Disputes, Employment Disputes and Compensation Awards, Legal Defence, Statutory Licence Appeal, Property Protection, Personal Injury, Tax Protection
Up to £1m of Cyber Liability AS STANDARD including cover for:
— Malicious attack by a hacker or unintentional transmission of a virus
— Restoration of computer systems
Are you ready to maximise the value of every let?
Just provide us with a few details below and we’ll be in touch quickly to demonstrate how simple it is to increase your revenue.
Alternatively, you can call us on 0330 333 7124
Our office hours are 09:00-17:30 Mon – Thurs and 09:00-17:00 Friday.