Management Indemnity

A real estate management service accidentally transferred $24,012 to the wrong account. The third party who received the funds was non-responsive when asked to return the money.

The management service’s insurer accepted the claim and commenced a recover action against the third party. The claim was ultimately settled for $19,012.

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover for Brokers.

BizCover for Brokers acts as agent of the insurer and not as the agent of you or your client. Any advice provided is general advice only and does not take into account the personal objectives, financial situation or needs of you or your client. Always read the Product Disclosure Statement or Policy Wording (available on our website).