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Professional Indemnity Insurance for members of the Real Estate Institute of Queensland (REIQ)

Houses are not the only thing you should invest in...

No-one understands your specific business risks like Aon. Celebrating over 20 years as the endorsed broker for the Real Estate Institute of Queensland (REIQ), we negotiate with leading insurers to offer great value professional indemnity insurance for REIQ Members.

It also satisfies the REIQ membership requirement to maintain at least $1 million professional indemnity insurance cover. 

With over 30 years of experience working with Real Estate Agents, we offer insurance policies that are available to all real estate agents in Queensland, even if you’re not a member of the REIQ.

What is professional indemnity insurance?

Professional indemnity insurance is designed for professionals who provide advice or services to their customers. It protects your business against legal costs and claims by third parties for damages arising from acts, omissions or breaches of professional duty in the course of your business.

In real terms, this means that if you do something (or neglect to do something) in the course of your work, and a customer suffers injury or financial loss as a result, they may take legal action against you. With the right policy, you can defend your business against the claim and prevent financial loss.

Do I need Professional Indemnity Insurance?

In recent years, the risk of legal action has increased for Real Estate Agents - from slip and fall incidents to misleading advice. All individuals are recommended to have Professional Indemnity insurance. This is in place to guard you against a range of risks including claims of misconduct and patient injury. Our professional indemnity insurance provides accessible legal advice so you can quickly deal with allegations and meet your legal obligation to respond.

It also satisfies the REIQ membership requirement to maintain at least $1 million professional indemnity insurance cover.

Cyber Liability Insurance

Aon also offer Cyber Liability Insurance to protect your business.

Find Out More

We help cover all the essentials:

Professional Indemnity insurance

  • Options of Cyber Liability, Data Protection and Privacy Cover 
  • Employment Practices Liability Cover
  • Deductible Waiver (opportunity for Nil Property Management Excess * Subject to terms and conditions) 
  • Fidelity Cover
  • Multiple Reinstatements (subject to location) 
  • Free Run off cover (up to 84 months* subject to no claims nor notified circumstances) this is cover for after you’ve retired or sold your business and a claim is made relating to incidents that occurred when you were working. 

 

We can also offer:

  • Landlord insurance to help ensure the landlord is protected from risks caused by tenants, where standard building and home policies don’t provide cover. 
     
  • Business Contents insurance Comprehensive office insurance designed to cover damage to property, including contents, clothing and personal effects, business interruption, theft, money, glass, increased cost of working and products liability.

Legal advice

There is a legal advice and claims support available to clients under this Professional Indemnity Facility, however is dependent on office location within Australia.

Property Management Liability

Provides cover for allegations of negligence arising from illegal activities of tenants, including meth labs.

No excess on residential property management

If your office follows certain ‘best practice’ guidelines, you won’t have to pay an excess on any property management claims. Please call us for more information.

Endorsed by the REIQ

We proudly endorse Aon's insurance products and have worked closely with them for over 20 years. Their understanding of the real estate industry is excellent, and their products represent strong value. - REIQ

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