Owning a real estate agency can create a number of headaches. When one of your agents is negligent in some capacity, for example, it can have an impact on the rest of your business. What your agents do and how they act is a reflection on your company. This means you should definitely factor in your agents when creating an insurance plan. Covering acts of negligence is a great way to stay protected no matter what circumstances arise.
The Risks of Your Agents
Working with a professional negligence real estate agent specialist can provide you with a lot of insight on how to cover all potential risks. Essentially, the insurance broker will let you know about the agent’s duty and what “breaking the standard of care” can do to the reputation of an agency. By taking these points to heart, you can create a plan that helps you rise above and avoid some of the more common pitfalls associated with hiring an agent who doesn’t adhere to your standards. Other potential problems to focus on can include:
- Zoning claims
- Cases of alleged fraud
- Fines resulting from negligence
Stay Protected No Matter What
Though you cannot always guarantee how your representatives will behave, you can do your part to ensure your brand isn’t tarnished by a simple mistake. Review your options with negligence insurance for agents to get a better feel for your options.