Professional Indemnity Insurance is a requirement under the Settlement Agents Act 1981 for all licensed Settlement Agents.
A Settlement Agent who does not have PI Insurance is prohibited from operating as a Settlement Agent.
At present, MARSH have been appointed as the brokers of the Master Policy Agreement for settlement agents.
To discuss your individual insurance requirements, please contact MARSH Perth office on (08) 9289 3888. For more information, please view the article on page 2 of the Settlement Agents News Issue 8 (December 2013 edition).