News

Property Redress Scheme

October 1st was the date all Letting Agents were required to join a government authorised consumer redress scheme.

You may be required to give information regarding your Professional Indemnity Insurance policy. The Property Ombudsman Limited requires a limit of indemnity a minimum of £100,000 with a maximum excess of £1,000, unless the policy is endorsed with endorsement L1391.

If we do not already cover your business insurance, including the Professional Indemnity, we can offer you a quotation at renewal. There is no obligation to take up our quotation; however we may be able to offer you better terms. If this is of interest, please email your renewal date to commercial.insurance@nwbib.co.uk. We will then organise for one of our team to contact you 8-10 weeks prior to renewal.