Professional Indemnity Insurance for Company/Title Search Agents
A Company/Title Search Agent checks the register of titles on the official record held by the registrar general that a person has clear legal title to property.
The reason that Company/Title Search Agents are so important is because there are many dangers which can be avoided in the process of property transaction by having a title search done correctly. It is also used in conjunction with other important searches such as company searches.
Public Liability Insurance for Company/Title Search Agents
If you or any of your employees visit a customers premises your actions could cause an injury to another person. Similarly, if an accident happens whilst a member of the public comes to your place of business and they are injured you could be held liable. Public Liability Insurance protects you in the event that such accidents occur and a claim is subsequently made against you.
Public liability insurance also covers you if damage is caused to third party property while at the customers business. An example would be if an employee broke a valuable item while making a delivery at a customer's home. The claim to replace the item would be covered by public liability insurance.
Why do Company/Title Search Agents require Professional Indemnity Insurance?
Company/Title Search Agents perform a variety of tasks such as:
- Checking existence of property titles
- Identifying covenants, easements or other rights affecting property
- Checking the existence of Companies
- Identifying encumbrances on properties
- Identifying assets of creditors
Negligence in the above mentioned duties by a Company/Title Search Agent may lead to a claim. Having professional indemnity insurance protects them from financial loss by providing cover for damages and legal costs in defending a claim.
Key exposures for Administrators or those who offer Secretarial Services:
- Legal advice not authorized to perform.
- Loss of Documents
- Incorrectly processing the property transaction by not doing the search property.
Why purchase your Professional Indemnity Insurance through Express Insurance?
With Express Insurance, you can source a PI quote in seconds, and have the option of adding Public Liability Insurance. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.
And we save your details on Renewal of your insurance, making the process of renewing your PI Insurance even easier and quicker.
Throughout your experience with us our team of highly experienced PI specialists are a phone call away !
Please Note: Coverage under the policy will be subject to the particular circumstances relating to a claim and the full terms and conditions of the policy.