Professional Indemnity Insurance

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.

Currently, WA's PI Insurance is provided by Vero Profin and the broker is JLT Pty Ltd.

During 2013 a tender for PI Insurance will be let by the Department of Commerce. Once the new insurer and broker are known, all members will be advised.