Liability insurance for brokers - optimum protection against damage claims
As a broker you work daily with major financial interests. Whether you sell homes, manage real estate or perform appraisals, an error in your work can financial damage, legal conflicts or material damage to customers. A (company) liability insurance for brokers protects you and your brokerage office against damage claims, so that you can undertake with certainty.
Why a liability insurance for brokers?
Errors or misunderstandings may occur during the performance of your work. Think of incorrect information in a sales brochure, a wrongly executed valuation or damage to a building during a viewing . Without liability insurance, damage claims can be quickly run out. Liability insurance offers coverage for:
✔ Material damage- for example, damage to a home during a viewing or open house
✔ Personal injury- coverage if someone is injured during a viewing or valuation
✔ Legal costs- protection against high lawyer and costs of liability in liability claims
✔ Damage due to errors in services- wrong advice has financial consequences for the customer
With a liability insurance you prevent financial risks and you can work as a broker or real estate adviser carefree.
We compare liability insurance Finass insures ) with the best insurers, so you get the best and most affordable premium from us liability insurance
Which liability insurance suits brokers?
A company liability insurance (AVB) is the most important insurance for brokers. This insurance protects you against damage claims from third parties due to material damage or personal injury caused during your work.
How do you choose the correct liability insurance as a broker?
When taking out liability insurance for brokers and real estate professionals, it is important to pay attention to:
🔹 coverage area - national or international, depending on your working area.
🔹 Maximum insured amounts - Make sure you have sufficient coverage with large damage claims.
🔹 Coverage for legal costs - Liability cases can entail many legal costs.
🔹 Insurance for staff and freelancers - if you work with a team, employees must also be well insured.
With the correct liability insurance you ensure that you as a broker are financially and legally well protected .
Frequently asked questions about Liability :
With liability insurance you are insured if you are legally liable for damage. For example, if you cycle into a parked car, your cat knocks over an expensive vase or if your children shoot a ball through the neighbor's window. But also if you, your child or pet injure someone. Not every damage is insured. Consider intentional damage or damage caused with a motor vehicle. Rented items are also not covered by your liability insurance. For example, if you rent a sander for that painting job in the house. Or if you rent a party tent for a garden party.
Liability insurance reimburses the damage you cause to other people's belongings. Like the television that slips out of your hands during a friend's move. Or your child who cycles into the neighbor's car. Or if someone else is injured through your fault.
Liability insurance for private individuals (AVP) covers damage that you or one of your family members causes to someone else when you are not driving a car or other motor vehicle . This applies to damage to property and persons (personal injury).
You take liability insurance because you want to protect yourself and your family against the risk of liability. You can be held responsible if someone is injured through your fault. But also if you accidentally damage other people's property. Resulting in a claim for damages.
The liability insurance does not provide coverage for: damage to rented items. damage that you have caused intentionally. damage occurred during your work.
Take out a liability insurance for brokers today!
Do you work as a broker or real estate consultant and do you want to protect yourself against damage claims and legal costs? Then choose a specialist liability insurance and prevent financial risks. Compare the best insurance policies now and request a quote immediately.
