Residential Real Estate
Protecting assets with tailored solutions.
Whether you manage residential properties or run a real estate agency, having the right insurance is critical to protecting your business and reputation.
Austcover has been supporting property managers with their insurance needs for over 30 years. We understand the complexities of the market and the unique risks that come with managing residential properties or running a real estate business.
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Understanding the risks in residential property management and real estate
The real estate industry faces diverse challenges that require specialised insurance coverage. Key risks include:
Errors or omissions during property transactions or management can lead to costly legal claims.
With an increase in cyber-attacks targeting sensitive client data, real estate businesses face growing exposures and an increased need to have a thorough cyber-attack response plan in place.
Property viewings, open homes, and office operations create exposure to third-party injury or property damage claims.
Fire, theft, or malicious damage can significantly impact your operations or property management responsibilities.
Directors and officers may face personal and business risks from allegations of wrongful acts or regulatory breaches.
Tailored insurance solutions for residential property and real estate agents
Austcover help you find the right insurance program to address the specific risks faced by property managers and real estate professionals. Our solutions can include:
Professional Indemnity insurance
- Essential for real estate agents, property managers, and agencies
- Coverage for claims of professional negligence or errors during transactions
- Defence costs and compensation
Cyber insurance
- Protection against cyber-attacks, including identity theft and trust account fraud
- Coverage for financial loss due to cybercrime
Public Liability insurance
- Coverage for third-party injury or property damage claims
- Essential for client interactions, property inspections, and open homes
Management Liability insurance
- Protection for directors and officers against claims of wrongful acts
- Coverage for employment practices liability, regulatory investigations, and more
Business insurance
- Coverage for fire, theft, accidental damage, and malicious damage of office premises
- Business Interruption insurance to safeguard revenue during recovery periods
Why use an insurance broker?
Insurance can be a complex process, navigating through the various products, covers available, exclusions and confusing terminology. Having an experienced insurance broker on your side means you have a qualified professional who acts on your behalf, not for the insurer, ensuring your specific needs are assessed and you get the insurance program that works for you.
Why partner with Austcover?
With a track record of success since 1987, we’ve earned the trust of Construction businesses and principal contractors across Australia.
Every business has unique challenges, we work closely with you to create bespoke programs to meet your specific needs.
Our broking teams based in Brisbane, Melbourne and the Gold Coast support clients and businesses across Australia.
For us it's not just about an insurance policy, we work with you to find ways to mitigate your risks, providing a safe and secure future for your business.