If you are an active realtor you know that having the right coverage for your company is very important. Having general liability insurance is the backbone of your company and it ensures you that any claim will be paid. You work hard each day for each sale and show you make, and with general liability insurance, you can do your best work and concentrate on new listings or new sales.
The risks to real estate agents are great. It is important that you have enough coverage in place to protect yourself if ever anything should happen to you. You should be able to have your property and personal belongings covered by insurance for theft, fire, flood, lightning and even earthquake damage. Your policy will give you peace of mind knowing that when an unfortunate incident occurs, it is covered.
When choosing coverage for your company, look at what the risk factors are. These include age, location, sex and race. There is also a special deductible for coverage in certain areas. Your local insurance agent will be able to advise you on which coverage is most appropriate for your business and what the risks are in your area.
Professional indemnity insurance covers your liability if you are sued by a customer or client. This protects your business, as well as the policy holder, from having to pay out on claims that you have caused. This type of coverage covers claims made against you, regardless of who filed the suit. This may be necessary if you are sued for breach of contract or some other reason.
Liability insurance coverage that is available in real estate agent insurance helps to protect both yourself and the policyholder from unexpected claims. For example, if a client becomes ill or injured while on your property, you will have the policy in place to pay the difference between the cost of care and the policyholder's insurance. This way, no one is left holding the bag. This can be a lifesaver if the accident or mishap is minor. With this type of insurance, the policyholder is protected against claims made by other people in case of an accident.
When considering whether or not to purchase this type of insurance, be sure to discuss the different options with a real estate agent who will be able to tell you the different types of coverage available to you and what they believe you need. Remember that your company and the agents are very important to you. so it is very important that you understand all you can about your insurance needs.
The risks to real estate agents are great. It is important that you have enough coverage in place to protect yourself if ever anything should happen to you. You should be able to have your property and personal belongings covered by insurance for theft, fire, flood, lightning and even earthquake damage. Your policy will give you peace of mind knowing that when an unfortunate incident occurs, it is covered.
When choosing coverage for your company, look at what the risk factors are. These include age, location, sex and race. There is also a special deductible for coverage in certain areas. Your local insurance agent will be able to advise you on which coverage is most appropriate for your business and what the risks are in your area.
Professional indemnity insurance covers your liability if you are sued by a customer or client. This protects your business, as well as the policy holder, from having to pay out on claims that you have caused. This type of coverage covers claims made against you, regardless of who filed the suit. This may be necessary if you are sued for breach of contract or some other reason.
Liability insurance coverage that is available in real estate agent insurance helps to protect both yourself and the policyholder from unexpected claims. For example, if a client becomes ill or injured while on your property, you will have the policy in place to pay the difference between the cost of care and the policyholder's insurance. This way, no one is left holding the bag. This can be a lifesaver if the accident or mishap is minor. With this type of insurance, the policyholder is protected against claims made by other people in case of an accident.
When considering whether or not to purchase this type of insurance, be sure to discuss the different options with a real estate agent who will be able to tell you the different types of coverage available to you and what they believe you need. Remember that your company and the agents are very important to you. so it is very important that you understand all you can about your insurance needs.