Running a real estate business comes with unique challenges, from shifting market conditions to evolving legal and financial risks. Whether you manage residential or commercial properties, having the right insurance in place is essential to safeguarding your business from unexpected setbacks.
At Coverforce, we provide reliable, cost-effective insurance solutions designed to protect WA real estate professionals against industry-specific risks—giving you the confidence to focus on what you do best.
Essential Insurance for WA Real Estate Businesses
Whether you’re a small independent agent or operating a large business with multiple locations, having the right Insurance for your real estate business is essential to protecting your operations, staff, and reputation. Below are key types of insurance that real estate businesses in Western Australia should consider.
Professional Indemnity Insurance
Protects against claims of professional negligence, covering legal costs and compensation if a third party alleges financial loss due to your professional advice or services. Most policies include:
- Fidelity coverage (often sub-limited to $100,000 or less)
- Employment Practices Liability
- Statutory Liability
- Third-party-only Cyber Coverage
Since Fidelity and Cyber coverage in these policies is typically limited, separate Cyber Insurance and Comprehensive Crime Insurance are recommended for broader protection.
Learn more about Professional Indemnity InsuranceCyber Insurance
Cyber threats are an increasing concern for real estate businesses, with cybercriminals using tactics like identity theft and system breaches to gain access to trust accounts and company funds. This coverage can be included in a packaged Management Liability Insurance policy or arranged as a standalone Cyber Insurance policy to ensure full protection against cyber fraud and data breaches.
Learn more about Cyber InsuranceManagement Liability Insurance
Directors and officers of real estate agencies can be held personally liable for wrongful acts, making Management Liability Insurance a crucial safeguard. This coverage protects both personal and company assets and typically includes:
- Employment Practices Liability – Full policy limit
- Statutory Liability – Coverage up to $1,000,000
- Crime Coverage (First Party & Third Party) – Up to $1,000,000
- Tax Audit Protection – Up to $100,000
Business Insurance
From fire and theft to accidental damage, Business Insurance provides essential financial protection for your agency’s physical assets. Policies can also include Business Interruption Insurance, covering lost revenue and additional expenses after an unexpected event.
Key considerations include:
- Coverage for company property, general assets, and electronic equipment
- Optional flood protection (not automatically included in standard policies)
Public Liability Insurance
If your agency owns or leases an office, hosts events, or conducts property inspections, Public Liability Insurance is essential. It protects against third-party claims of injury or property damage resulting from your business operations.
Learn more about Public Liability InsuranceWorkers Compensation Insurance
Employers in WA are legally required to have Workers Compensation Insurance to cover employees in case of work-related injuries or illnesses. Even sole traders and ABN holders may need this coverage depending on their work structure.
Learn more about Workers Compensation InsuranceWhy Choose Coverforce
When you partner with Westminster Coverforce, you’ll be supported by our highly experienced Perth-based team. Here’s why WA real estate professionals trust us:
Competitive Rates
Our strong market presence allows us to negotiate comprehensive coverage at highly competitive rates.
Reliable Insurance Solutions
Your dedicated Westminster Coverforce broker offers tailored advice, ensuring you receive great value and dependable coverage.
Fast, Personalised Service
We provide you with direct access to your dedicated broker, who will respond to your queries promptly all year round.
Dedicated Claims Support
If you need to make a claim, we’ll be there every step of the way, liaising with the insurer on your behalf to secure your full entitlement as quickly as possible.
24/7 Claims Assistance
Incidents don’t always happen during business hours. That’s why we offer online claims assistance, so you can begin the claims process anytime.
