Operating as a sole trader does not remove professional liability, and a claim may be made personally against the agent. Insurance requirements depend on the jurisdiction and activities; in New South Wales, licensed work generally requires complying Professional Indemnity cover. Do not assume a network, agency or principal’s policy covers you without written confirmation. Read the detailed guidance.

Not necessarily. Confirm whether the franchise policy names or otherwise covers your legal entity, people, licences, services and jurisdictions, and check the limits, shared aggregate, excess, retroactive date and notification responsibilities. A franchise agreement or certificate of currency alone does not prove that every activity is covered. Read the detailed guidance.

Claims can arise from advertising or disclosure errors, incorrect instructions or documents, property-management and maintenance issues, lost keys or access problems, mishandled money, delays, copyright use, cyber fraud and privacy incidents. The responding policy depends on the allegation and circumstances, so potential claims should be notified promptly. Read the detailed guidance.

Prepare the insured entity details, office locations and jurisdictions, services, turnover, properties sold or managed, property mix, staff and licence details, franchise arrangements, requested limits, current insurance and retroactive date, and claims or known circumstances. Accurate information helps insurers assess the full exposure. Read the detailed guidance.

Requirements vary by state and territory. In New South Wales, licensed real estate activity generally requires a complying Professional Indemnity policy with at least $1 million for any one claim and $3 million in the aggregate, although a licence holder may sometimes be covered under an employer’s policy. Check current regulator requirements, franchise arrangements, contracts and Workers Compensation obligations for your circumstances. Read the detailed guidance.

Cover can be arranged for disclosed and accepted services such as property sales, leasing, property management, buyers’ advocacy, auctioneering and appraisals. Valuations, strata management, financial advice, holiday rentals, mortgage broking and other specialist services may require additional underwriting or separate cover. Read the detailed guidance.

There is no single suitable limit. Consider regulatory and contractual requirements, franchise conditions, services, property values, transaction volumes and the size of the managed portfolio. In New South Wales, licensed activity generally requires a complying policy with at least $1 million for any one claim and $3 million in the aggregate, subject to current requirements. A regulatory minimum may still be insufficient for the business’s exposure. Read the detailed guidance.

Public Liability can respond to eligible third-party injury or property-damage claims arising at an office, open home, inspection, auction or event. It is not a substitute for Professional Indemnity, which addresses claims arising from professional services. Check policy terms for property in your care, custody or control and for contractors. Read the detailed guidance.

Professional Indemnity can respond to eligible civil liability claims alleging that professional services caused financial loss—for example, errors in advertising, disclosure, advice, contracts, sales, leasing or property management. Defence costs may also be covered. Fraud, trust-money losses and every contractual obligation are not automatically insured. Read the detailed guidance.

Real Estate Agents commonly consider Professional Indemnity, Public Liability, Cyber Insurance, Management Liability, Business Insurance, Commercial Motor and Workers Compensation. The right combination depends on services, jurisdictions, staff, property portfolio, franchise arrangements and contractual requirements. Read the detailed guidance.