E & O Insurance For Real Estate Agents
Estate Agents
- Instant Professional Indemnity insurance tailored specifically for your business
- Opportunity to compare and select policies from NZ leading insurers
- Quick and easy online process, no forms to fill in, get covered in minutes
Insurance for Real Estate Agents
... Insurance for real estate agents The types of business insurances for real estate agents are ... real estate business. Building* – Covers you for loss and damage to buildings you own, as a result of an insured event, e ...
read moreUnderstanding the risks for Real Estate Agents
... insurance in place as part of your overall risk management strategy. Still not convinced? Here are some of the risks real estate agents ... an associate (i.e a spouse, parent, sibling, child, organisation the agent is a part ...
read moreProfessional Indemnity Insurance- a Guide for Real Estate Agents
... with responding to or managing claims which are covered by the policy. Why do real estate agents need to consider Professional Indemnity insurance? Word of mouth and reputation and one of the things which can make or ...
read moreProfessional Indemnity Insurance – A Guide For Real Estate Agents
... with responding to or managing claims which are covered by the policy. Why do real estate agents need to consider Professional Indemnity insurance? Word of mouth and reputation and one of the things which can make or ...
read moreHow much does Professional Indemnity Insurance cost?
... insurance premium will most likely be. As you can see from the below graph, Real Estate Agents and ... to the type of businesses that have opted for $750K cover, i.e. they have a higher risk compared to those who took out $ ...
read moreWhat does Professional Indemnity Insurance Cover?
... professionals to hold and maintain Professional Indemnity insurance and these include: Registered Migration Agents Architects and Draftsmen Real Estate Agents Finance and Mortgage Brokers Accountants Bookkeepers/ BAS ...
read moreWhat is Public Liability Insurance?
... bit of cash by not purchasing the right amount of Public Liability insurance, or worse, didn't have any at all. If the ... working. Real Estate Agents - As well as Realtors and Mortgage Brokers. Real estate agents frequently ...
read moreWhat does Professional Indemnity Insurance cover?
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read more6 Essential Types of Business Insurance in New Zealand
... 's important you know the difference. Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants, engineers, architects, real estate agents, and accountants, just to name a few ...
read moreDo I need Professional Indemnity Insurance Insurance?
... for the government or an organisation with insurance listed as a condition of the contract. Common professions which require Professional Indemnity include real estate agents, accountants, IT contractors and management ...
read moreWhat is Professional Indemnity Insurance?
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read more4 Tips For Starting An Online Business
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read moreUnderstanding Insurance, Part Two: Professional Indemnity Insurance
... you provide specialist advice and services for a living . N o matter how professional you may be, all it takes is ... require Professional Indemnity insurance include: consultants, accountants, real estate agents and health ...
read moreThe difference between public liability and professional indemnity insurance
... to have professional indemnity insurance by law An example of some professions that require PI cover are: health practitioners, IT contractors, management consultants, accountants and real estate agents. If you are found ...
read moreHelp Protect your small business' reputation
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read moreWhat is Business Insurance
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... Bakers Grocery stores Convivence stores Showrooms for tradie businesses Manufacturers Real estate agents If you feel unsure of the types of business insurance your business may need, jump online or give our friendly ...
read moreInsurance for Engineers
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read moreInsurance by Industry
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read moreDo I need Public Liability Insurance?
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read moreProfessional Indemnity
... consultants , accountants and real estate agents among many others. Professional ... find out how to get in touch with one of our business insurance professionals. Sales Team Enquiry 0800 249 268 Regular Hours: Mon – Fri ...
read moreSurprising Ways That Business Insurance Can Help Your Business
... like tablets, special equipment and laptops, then you might like to consider Portable Equipment insurance*. Whether you're a real estate agent, a tradie, a baker or hairdresser on the go, this type of cover provides ...
read moreBusiness Interruption Insurance
... often consider this type of insurance include: Shop Owners Retailers Cafés and Restaurants Tradespeople and Landscapers Real Estate Agents Cleaners Beauty Salons Mortgage Brokers Travel Agents and Tour Operators Business ...
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read moreNo Dramas
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read moreTool and Portable Equipment Insurance
... insurance can help provide so much needed protection for your expensive electronic IT equipment that gets lost or damaged. Real Estate Agents ... the years. Judy O. Quick and hassle free insurance cover for small businesses ...
read moreInsurance for Immigration Advisers
... buildings you own, as a result of an insured event, e.g., fire, malicious damage. Contents* -Cover for loss ... wording, anywhere in New Zealand. FAQs How much does insurance cost for immigration advisors? There isn't a one ...
read moreInsurance for Mortgage Brokers
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read moreDo I need Business Insurance
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read moreBusiness Insurance
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read moreInsurance for Shop Owners
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read moreSmall Business Insurance: Why you might want to ensure you're covered!
... from your landlord. Or if you take out a contract with a large organisation they may stipulate that you have certain insurance to work for them. How would you keep your business going if the worst was to happen? If your ...
read moreWhat does Public Liability Insurance Cover?
... illness or death caused by your negligence that is not covered by the ACC For some businesses, Public Liability insurance may be a requirement. For example for some tradies they may have to have a certain level of Public ...
read moreInsurance For Cafes and Restaurants
... a moment to treat yourself to that hard-earned coffee break. Insurance options for retailers https://www.bizcover.co.nz/insurance-options-for-retailers-bizcover/ Running a retail business is fast paced with plenty going ...
read moreStatutory Liability Insurance
... you need to keep in mind when getting your policies sorted. https://www.bizcover.co.nz/complete-guide-to-business-insurance/ 10 Ways to help protect your small business Let's face it, as a small business owner you are ...
read moreInsurance for IT Professionals
... to be fixed by another firm, as well as the resulting damage from the error. How do I make a claim on my insurance policy? Need to make a claim? Too easy! We're here to assist you through the process and get you back to ...
read moreWhat you need to know about Business Interruption Insurance
... and mind and protection this coverage can provide to help get your business back up and going. This type of insurance can also be surprisingly simple to arrange and doesn't need to cost a fortune. As with every form of ...
read moreTradie Guide to Public Liability Insurance
... may be a mandatory requirement in order to obtain your trade licence. You may need to hold Public Liability insurance to access and perform trade work on certain building sites. If someone is injured as a result of your ...
read moreA Management Consultants Guide to Professional Indemnity Insurance
... the market, but one of the key types of cover you may need to look at is Professional Indemnity insurance. Being a management consultant comes with some degree as risk when providing your professional pearls of wisdom to ...
read moreA Contractors Guide To Understanding Product Liability Insurance
... result of a product defect can cost your business a lot of money, and without the appropriate Product Liability insurance you could find yourself in a spot of bother. If you operate as a sole trader, you will potentially ...
read moreWhy Bookkeepers need Professional Indemnity Insurance
... ? As a bookkeeper you can benefit from reducing the risks to yourself and your business via bookkeeper Professional Indemnity insurance . Try as you might, but errors can and do happen - even for the most dedicated and ...
read moreInsurance for Travel Agents and Tour Operators
... covered in minutes Why do Travel Agents and Tour Operators need Business Insurance? Your clients seek out your ... buildings you own, as a result of an insured event, e.g., fire, malicious damage. Contents* -Cover for loss ...
read moreDisaster Planning – Business Insurance And Preventive Measures To Help
... get your business back up and running if it is impacted by a disaster? Protect your business with business insurance When you have worked so hard to get your business established, the last thing you want is for a threat ...
read moreHow Cyber Insurance Protects Small Businesses
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read moreEmployers Liability Insurance
... won't bore you with jargon We're not fans of complicated insurance speak, so we talk to you in plain English. If you want ... and friendly. Great service, thank you. Clare E. Thank you, I was quite reassured with your ...
read moreHow Insurance Can Protect Landscape Architect
... from legal claims made against them for errors or omissions in their work. A real-life example of Professional Indemnity insurance in action Take this example of a landscape architect hired by a government agency to ...
read moreInsurance for Mechanics
... information like your client's vehicle and personal data online, runs the real risk of being compromised if a cyber attack were to occur. Cyber Liability insurance is there to provide a safeguard in the event you were a ...
read moreInsurance for Education Consultants
... injury and property damage Protect your business today. Public Liability insurance* Dealing with clients, suppliers and members of the public creates real opportunities for a claim to occur, something that Public ...
read morePortable Equipment Insurance, A Guide For Contractors
... statement to understand what your policy covers and excludes. If you are ever unsure double check with your insurance agent about your level of coverage and the details. Typically include cover for Loss or damage that is ...
read more5 Things for Accountants to Consider When Applying for Professional Indemnity Insurance
... many different risks your business may be exposed to, and there are a variety of different business insurance coverages to help provide you and your business peace of mind and protection. At BizCover we offer accountants ...
read moreWhat Insurance do Beauty Salons Need?
... if a claim is made. Your location Where your salon is located can also impact how much you'll pay for insurance. If you're in a neighbourhood with a high crime rate, wild weather, or prone to flooding, you should expect ...
read moreA Designers Guide To Understanding Portable Equipment Insurance
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read moreHow Are Business Insurance Premiums Calculated?
... risk your business may be. Business location Where your business is located can affect the pricing of your business insurance premium. Some areas may be deemed a higher risk than others and this may be due to things like ...
read more5 Things To Consider About Public Liability Insurance For Your Small Business
... phone call away if you have any questions and need some help with your policy. Visit bizcover.co.nz and get insurance for your small business without the stress so you can get on with your day. Get on the phone and give ...
read moreInsurance for Dog Walkers
... risks from hounding your small business and make it a walk in the park instead! Why do dog walkers need insurance? Running a small business is hard work, and a dog walker's job is no different! Every time you take ...
read moreInsurance for Designers
... when not covered by the ACC) could end up costing you more than an arm and a leg without Public Liability insurance in place. Even if you are out working at a client's site and cause damage to their property through your ...
read moreInsurance for Accountants & Tax Agents
... can help address. Professional Indemnity Accountants and Tax Agents require professional indemnity insurance to comply with professional association requirements (e.g. NZICA, CPA), professional standards legislation, or ...
read moreWhy Do Marketing Consultants need Professional Indemnity Insurance?
... to support your reputation through this process offers peace of mind and reassurance . O ther business insurance options to consider Public Liability insurance * If you have a home-office where clients come to visit you ...
read moreA Graphic Designers Guide To Professional Indemnity Insurance
... your Product Disclosure Statement or chat with your insurance agent. These are some of the things you may ... with perceived or actual claims from clients are very real situations you may encounter as a graphic designer. ...
read moreInsurance for Photographers
... equipment. This can include your camera gear (i.e., a professional camera, multiple lenses, tripod, and ... how to get in touch with one of our business insurance professionals. You can also access quick links to our self ...
read moreUnderstanding Insurance, Part 3: Business Insurance
... Property Portable Equipment Business Interruption Why do I need to consider Business Insurance ? Your business assets are what help you stay in operation. Th e cost of th ings like your furniture and electronic items can ...
read moreInsurance for Recruitment Consultants
... range of business activities Recruitment services e.g. placement of candidates, executive ... find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service ...
read moreIncrease Your Business Insurance Confidence With These Tips
... Umm liability something? Fear not, you are not alone when it comes to not having a complete grip on what business insurance policies you might have in place. You might have bought them on the fly and haven't given them a ...
read moreWhat Photographers Need to Know About Business Insurance
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read moreAn Accountants Guide to Understanding Cyber Liability Insurance
... policy? If you are unsure of what your specific Cyber Liability insurance policy covers check your Product Disclosure Statement or contact your insurance agent to obtain the details. Investigation and data recovery costs ...
read moreAn Engineers Guide To Understanding Public Liability Insurance
... policy provides cover for it is wise to check your product disclosure statement or chat to your insurance agent with any questions that you might have regarding your policy. These are some of the things that Public ...
read moreUnderstanding Insurance, Part 4: Cyber Liability Insurance
... after being hacked or from the theft or loss of client information. Why do I need to consider Cyber Liability insurance ? A common misconception is that hackers only go after the big fish but when it comes to attacks ...
read moreUnderstanding Insurance, Part One: Public Liability Insurance
... cover any legal defence costs you incur as a result of defending yourself. Why do I need Public Liability Insurance ? While you may take all the care in the world to create a safe environment, the reality is accidents ...
read moreInsurance options to protect your cleaning business
... you make your clients happy with squeaky – clean results. It's also important that your business has the right insurances in place for when things get messy. You've worked long and hard to build your business and that's ...
read moreHow Plumbers Can Protect their Business with Public Liability Insurance*
... the last thing you need is a claim to flush your dreams away. With the appropriate level of Public Liability insurance in place, you are providing a financial safeguard to help you stay around for the long haul. What are ...
read moreInsurance Options for Retailers
... store or a bakery, there is always the potential risk for things to go wrong. Having the appropriate retailers insurance in place to protect your retail store is a smart move when it comes to managing the risk of your ...
read moreMassage Therapy Insurance: here's why you need it!
... and regardless of the lengths you go to in doing so, it's important to hold Employers Liability insurance . It protects you and your business against settlements or damages, including defence costs, as a result of ...
read moreBizCover expands its insurance offer and launches a new look
... the growing online shoppers' community to compare, select and buy the right professional indemnity and business insurance in a more accurate, fast and user friendly manner. “We understand how important having choice and ...
read moreHow much does Public Liability Insurance cost?
... to around $80 on average. The most common level of cover amongst our New Zealand customer base for Public Liability insurance is $1 million, however there is the option to take out $2, $5, $10 or $20 million worth of ...
read moreInsurance for Bookkeepers
... We know you are always busy helping your clients, therefore we made it easy for you to arrange your business insurance - just a few clicks and one phone call, you have your policy documents emailed to your inbox. Did you ...
read moreWhat does Public Liability Insurance Cover?
... of accidents could occur, and what could be the potential cost of a claim? How do I make a claim on my insurance policy? Need to make a claim? No dramas! We're here to assist you through the process and get you back to ...
read moreInsurance for Allied Health Professionals
... our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate of ...
read moreThings to consider when purchasing business insurance
... boring bits! Let's start with the basic areas to look at when figuring out the type of business insurance you need to consider to protect your business. Know your risks Have a think about the kind of business activities ...
read moreAn Accountants Guide to Understanding Public Liability Insurance
... to send some accountants out of business for good If you are renting your business premises, Public Liability insurance may be a requirement of your rental agreement. When you are out and about visiting client's Public ...
read moreAn Accountants Guide to Professional Indemnity Insurance
... add up to if any action was taken against you? Factors that may impact the cost of a Professional Indemnity insurance policy It's a bit difficult to provide an exact cost as to what your Professional Indemnity policy may ...
read moreA Contractors Guide To Understanding Public Liability Insurance
... making the process to get your cover sorted easy and simple, with no-dramas! Visit bizcover.co.nz and get insurance for your contractor business without the stress so you can get on with your day. If you'd prefer to pick ...
read more4 Things To Check Before Buying Your Business Insurance
... re a well established set up that knows a thing or two, wherever you are with your journey, business insurance is something you've probably come across. Our guide takes the guess work and some of the confusion that comes ...
read moreInsurance for Cleaners
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read moreWhy Engineers Might Consider Professional Indemnity Insurance
... found liable for damages caused by their work. Real-life claims example* Here is a real-life claims example that shows the importance of Professional Indemnity insurance for engineers. An engineer was project managing a ...
read moreInsurance for Plumbers
... . These are real life risks plumbers are faced with every day. Business insurance for plumbers is ... K. Management Consulting Service That was easy and fast. Karen E. It was quick and simple to get this tedious job done ...
read moreCyber Insurance - Is it worth it?
... to break down the security of other businesses. (i.e. get into the systems of other businesses). They are ... policy.This is where Cyber Liability insurance provides cover. Cybercrime is a real threat. Make sure you have the ...
read moreInsurance for Personal Trainers
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read moreIntroducing Work From Home Insurance
... have already given feedback. Really easy and have referred several colleagues to you over the years. Judy O. Quick and hassle free insurance cover for small businesses. Kelvin C. What more could you ask for - easy to use ...
read moreHow the cost of Professional Indemnity insurance is calculated
... impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated on ... the type of businesses that have opted for $750K cover, i.e. they have a higher risk compared to those who took out ...
read moreInsurance for Hairdressers
... business activities to a third party It may also be a requirement to have certain kinds of business insurance in place as part of your rental agreement e.g., Public Liability or Glass cover. FAQ's How much does business ...
read moreInsurance for Marketing and Multimedia Professionals
... of risks your business may be exposed to and how business insurance can provide the protection your business needs. Below we take ... businesses such as: Advertising Agents Broadcasters Advertising Consultants Fundraising ( ...
read moreReviews related to E & O Insurance For Real Estate Agents
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IT WAS NICE AND EASY TO RENEW THE INSURANCE- THANK YOU FOR A TROUBLE FREE EXPERIENCE
Janette Wallbutton
Real Estate -
Real easy to renew your cover and they email you a reminder.
Joseph Caldwell
Information Technology -
A real person promptly answered my phone call - no redirection / no music while holding!!
Quick and efficient answers to my questions.
Astrid Herbert
Trades & Services -
Awesome experience. Talking to a real person that had a pleasant persona. Was just so easy and I think it was Aaron?? was great to deal with. Gave us some discount as we are recognised as an existing client which is always a good feel thing and also that
Pete Halligan
Trades & Services -
I did fill this in before - don't know what happened to it. I thought the on-line service was good. The real proof about the value of any insurance product though is what happens when you have to claim!
Alison McDonald
Consultancy Occupations
Why do Real Estate Agents need it?
No matter how much pride and care you may take in your role as a real estate agent, there is always that exposure to some element of risk. The real estate world is competitive, and you’ve worked hard to build your business and its reputation, the last thing you want is a claim to send it all crashing down.
These are some of the reasons why, as a real estate agent you may need to consider business insurance:
- To join certain industry boards and become a member, you may be required to hold a certain level of Professional Indemnity insurance*
- Giving advice you your clients about property and estates could land you in hot water if things don’t follow the expected blueprint!
- If a client, member of the public or another third-party was to slip, trip or fall for example on your business premises you may be held liable for any injuries caused (when not covered by the ACC)- this is where Public Liability insurance* can help
- When you’re out on the road visiting and showing clients around, it is important you have some protection in place for things like your laptop, mobile phones etc with Portable Equipment cover*
Did you Know?
Real estate agents providing incorrect or misleading information topped the consumer complaints and inquiries to the Real Estate Agents Authority (REAA).
Insurance for Real Estate Agents
Professional Indemnity
Professional Indemnity insurance is designed to protect your business against legal claims and costs by third parties for damage arising from acts, error, omissions, and breaches in your professional duty. This may include the sale of real estate, poor property management, allegations of misleading or misrepresentation or a breach of statutory rules.
What is covered?
- Damages and claimant costs awarded against the insured
- Legal and defence costs
- Claims investigation costs
- Inquiry attendance costs
- Public relations costs
What is NOT covered?
- Intentional damage
- Known claims and circumstances
- Fraud and dishonesty
- Bodily injury / property damage
Public Liability
This insurance is an essential component of any business’ insurances. It covers your liability to third parties for any property damage and or injury or death arising out of your work where ACC does not respond. Typical claims for Real Estate Agents might include leaving a property unlocked and a theft occurs or by causing damages to a property or its contents during an open home. It is relatively cheap cover for the amount of protection afforded.
What is covered?
- Compensation for accidental damage to third party property
- Compensation for personal injury or death to third parties where the ACC does not provide cover
- Legal and defence costs
What is typically NOT covered?
- Injury to your employees
- Damage to your own property
- Compensation for personal injury whereby cover is provided by the ACC
- Known claims and circumstances
Protect your business today.
Business Insurance
While your clients are essential to your real estate business, take a moment to think about the other elements that help you close the deal. There are things like the bricks and mortar of your real estate premises (if you own it), your office furniture and equipment, and your vital sales tools like your phone, tablet, laptop etc.
Without them, doing business would be next to impossible, and that’s why it’s important to have some forms of protection in place if an unpredictable challenge were to disrupt your business activities.
Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance policy can also cover your portable equipment, and loss of revenue due to business interruption in specified circumstances.
Let’s take a look at these different types of coverages and how they can help your real estate business.
Building*– Covers you for loss and damage to buildings you own, as a result of an insured event, e.g., fire, malicious damage.
Contents*-Cover for loss of or damage to items such as business equipment, stock, plant and machinery, records, fixtures and fittings and furniture belonging to you at the insured location.
Business Interruption*– Business interruption insurance provides cover for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire). It is also designed to assist your business to recover from an insured event by paying ongoing expenses (such as wages or rent).
Portable Equipment cover*– Covers you for loss and damage to your tools and equipment due to theft, fire and other perils listed in the wording, anywhere in New Zealand.
Cyber Liability
Working as a real estate agent, you will have sensitive and important documentation that you will need to protect from data breaches and other malicious cyber threats. In such an event, cyber insurance can help cover your business in the event of:
• Forensic investigation costs
• Data restoration costs
• Security failure claims
• Public relation costs
• Cyber-extortion costs
• Fines, penalties, and loss due to defamation
• Privacy and intellectual property claims
• Identity theft
• Ransom and extortion
Statutory Liability
With the ever-changing statutory landscape for the Real Estate industry, it is becoming more and more crucial for Real Estate Agents to have protection for any inadvertent breaches of New Zealand statutes. This will cover legal defence costs as well as, in some cases, cover for fines incurred.
Want to know more?
Get your fix on all things business and insurance with our blogs. Perfect reading for in between open houses and inspections!
Understanding insurance-part 2: Professional Indemnity insurance
https://www.bizcover.co.nz/understanding-insurance-part-two-professional-indemnity-insurance/
Ever wanted to understand the nitty gritty of Professional Indemnity insurance? This simple guide breaks down some of the key facts and information, jargon free.
* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.
The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.
Need Help?
Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals.
You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.