Miscellaneous Environment – Property Valuators
Bespoke Professional Indemnity, Fidelity Guarantee and Third Party Impersonation Fraud Policy for Property Valuators
The need for a Property Valuer is ever increasing with a continuously changing market and the need for precision. Valuations are only useful to clients if Valuers can accurately predict the future to help their clients maximize their profits. As this is not always possible there will always be an element of risk in measuring the performance of properties.
WHY CHOOSE GENOA?
As Genoas footprint in the liability space continues to grow from strength to strength, we thought we would share with you why more and more brokers are choosing to work with us as their partner of choice:
Our Underwriters are committed to providing our clients with superior turnaround times when issuing quotations and schedules of cover
Our underwriters are experts in their respective fields and are able to offer our clients technical advice which helps empower them to secure an account
We have strong working relationships with the top re-insurers in the country including Munich Re and Swiss Re who support all of our Professional Indemnity products
Through strategic reinsurance partnerships we are able to offer competitive market premiums
Our policies include a number of meaningful extensions that offer true value to our thousands of Insured clients
Our Insured Practitioners are represented by the top law firms in the country, including firms like Clyde & Co, Garlicke & Bousfield, Mac Robert Attorneys, Norton Rose Fulbright and Webber Wentzel
OUR COVER CAN INCLUDE:
Professional Indemnity
Property investment performance measures will include some natural uncertainties while in other cases, actual negligent errors by Valuers can give rise to claims:
Claims which valuers can face are:
Sub-par valuations
Inaccurate valuations
Failing to act impartially
Failing to consider the specific categories of properties
Failing to conduct due diligences on properties
Failing to specify the limitations of their due diligence
Fidelity Guarantee Cover
Indemnity can be secured to safeguard the Insured (the employer) for the loss of business
account funds or property sustained as a direct result of acts of fraud, theft, or dishonesty caused by an employee in the course of employment.
Cover can be purchased on either a Blanket Basis, Named Position Basis or Named Person Basis.
Third-Party Impersonation Fraud
Cover can be secured to provide the Insured with protection against the loss of money (business and trust funds) subject to the insured having a Verification process in place.
Public Liability
The provides protection against legal liability for claims arising out of accidental death, bodily injury, illness or disease of or to any person; or accidental loss of possession or control of, or actual damage to property arising out of, and in the course of business.
Need this cover?
Our team of Broker Consultants are ready to answer any questions you may have