PI for buyers agents covers claims that your search, advice or negotiation cost a client money.
Source: https://piinsurance.com.au/buyers-agents/, fetched from the preview https://pi-react-4ee768.pages.dev/buyers-agents/ on 10 Nov 2026; site dated 3 Nov 2026. Preview wording, not yet broker-reviewed. General information, not advice.
Site label: Check your licence conditions.
Why you need it: your licence and clients
Buyers agents are licensed agents in most states. Check with your state regulator about insurance conditions.
Typical limits
$1m to $2m.
What can go wrong
Illustrative scenarios, not real claims.
A property with an undisclosed easement
You recommend a property and miss an easement that blocks the client's plans.
Overpaying at auction
The client says your price advice was negligent.
Common exclusions to watch
- Investment returns
- Fines
- Building defects
Wording differs between policies. Read the policy wording, or ask us to point out what it says.
Common questions
Do buyers agents need professional indemnity insurance?
Buyers agents are licensed agents in most states. Check with your state regulator about insurance conditions.
How much PI cover do buyers agents need?
$1m to $2m.