New PI product for property agents hits the market
Property insurance broker Deacon has developed a new professional indemnity insurance product for managing agents.
The new cover provides protection against potentially damaging claims and legal action arising from failure to comply with Section 20 consultations - the law regarding the need for leaseholders to be consulted before certain value works or agreements are entered into by the landlord.
The policy includes higher Ombudsman cover, loss of documents and court attendance fees.
It also covers professional liability, estate agents and health and safety legislation, intellectual property, court
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