Posted by Sponsored Post Posted on 20 February 2020

Best Insurance for Real Estate Agents

Rachael is a content writer at, who has written on a Ultimate Resume Guide, from colored diamonds to SEO software. In her spare time, she enjoys singing, sketching, cooking, and video games.

Real estate agents carry a lot of responsibility. They are the go-between for the buyers and sellers, as well as banks and other legal entities. All of these duties also means a tremendous amount of risk which is why professional indemnity insurance is a must. In this article, we have compiled a few important factors to consider when choosing your insurance. 

Risk Management 

We are in a particularly litigious age, where lawsuits abound. As a real estate agent, your various responsibilities will also inevitably put you in harm’s way. Proper professional indemnity insurance will protect you against the following scenarios:

  • Negligence – If your client feels that you failed to properly promote their property or paperwork you can get sued for negligence 
  • Failure to predict the market accurately 
  • Contract breaches where legal requirements were not completed or were inadequately done 

These are just a few of the claims your clients can and may make against you. As you can imagine, any time you are brought to court it is not only time-consuming but can result in very large court and legal costs. 

Professional indemnity insurance supports professionals whose job it is to provide advice to clients. For example, other professionals that fall under this umbrella would be medical practitioners or fitness trainers as well. 


When choosing professional indemnity insurance, be sure that it covers all the defence and other court costs. No one is perfect and errors can happen to anyone so choosing insurance that will protect you is critical. 

In Hong Kong, this becomes even more pertinent as people are specifically taking time to buy or sell investment properties. Professional indemnity insurance will also cover you worldwide, so if you run an online consultancy this will be particularly important. This can also go hand-in-hand with historical coverage which protects you from services you may have provided a few years earlier. For example, if as a new agent you sold your first property prior to insurance you can still select a coverage that will retroactively protect you should any issues arise. 

Choose Your Broker Wisely 

Insurance agents are a dime a dozen so choose with care. Always, do your due diligence. Just like a property, an insurance broker is a lucrative investment that can either save you or cost you a lot of money, time, and effort. Trusted Union, for example, is one of the most trusted names in insurance providing professional indemnity insurance and other coverages to protect you and your company against a variety of litigation.

Last but not least, public liability is also a good idea to add to your policy. This type of insurance will protect you against incidents that happen such as personal injury or property damage. Both of which can take place during real estate consultations or contractor appraisals or work on properties.

Wrap Up 

If you are a professional don’t neglect your insurance policy. Professional indemnity insurance is a must when it comes to working in any consultancy especially real estate agents that can be at risk for a variety of lawsuits. Choosing a reliable broker like Trusted Union in Hong Kong will help you protect your agency and business. 

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