Professional Indemnity - Valuers

Professional Indemnity insurance provides essential financial protection for Valuers against potential losses arising out of acts, errors and omissions from professional services provided including undertaking valuations for a wide variety of purposes and valuation-related services.

Key Exposures:

• Unfavourable economic conditions inducing claims
• Unclear instructions / communications
• Poor Investigation / analysis of subject property
• Inappropriate valuation methodology / calculation
• Conflicts of interest – disclosed or otherwise
• Breach of contract retainer
• Failure to adequately inspect / investigate property
• Failure to adequately assess comparable sales
• Failure to make adequate enquiries about property
• Undertaking higher risk valuations

Newline Australia provides a tailored Valuers Professional Indemnity insurance policy based on a broad civil liability wording.