Public Liability Insurance for Letting Agents

Why letting agents need liability insurance

When you are involved in letting someones rented property, there are a variety of risks that you may encounter. You may have left your briefcase on the ground when to a prospective tenant that is viewing the property trips. This is why public liability insurance is essential.

You are in charge of showing a landlord’s home in all its glory to prospective tenants, having public liability insurance in place protects you from the cost of any sudden, unexpected incidents that letting agents could be liable for. The result of one of these incidents could be financial problems for you and your company. Public liability insurance for letting agents is not compulsory but highly important to ensure your business’ survival.

Common types of claims

• Carrying your bag of files through a house, you drop them by mistake and they smash a glass coffee table
• You drop a cup of tea over a customers laptop, causing extensive damage
• Some carpet is loose in your office, a member of the public trips and injures themselves

This cover is optional but Ashburnham recommend that you certainly consider having it. Furthermore, if you have any employees, you may wish to consider Employers Liability to provide compensation in the event of them being injured or causing damage.

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