Rent or buy? City or suburbs? Apartment block or studio flat?
Just some of the many questions your clients will ask you, the expert. And given that you are the expert, your clients will look to you to evaluate the pros and cons of their dream moves.
However, if that dream move turns into a nightmare, it may come as a surprise to hear that this same expertise leaves you open to a potential claim of professional negligence.
Granted, claims rarely arise from a basic lack of knowledge or skill - more likely from an honest misrepresentation of a property for example. Nevertheless, defending yourself is an expensive and time-consuming affair, not to mention very damaging to your hard-earned reputation.
If the worst does happen, professional liability insurance will cover the legal costs of a claim or an allegation of negligence against you, and any damages you’re liable for.
A sound investment then? We certainly think so. Immediate viewing of this sought after opportunity is highly recommended...
For more details please read the professional liability coverage hightlights PDF document available.
We should be able to find coverage for virtually any real estate related line of work. Feel free to give us a call on 1.800.292.4439 we'll help you figure out how to protect your business.
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