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Realcover has joined forces with the Real Estate Employers’ Federation (REEF) to provide its members greater protection from employment related claims.

The new partnership will waive 50% off the excess fee on any Employment Practices Liability (EPL) Claim where an agency is a Realcover Professional Indemnity policy holder and a financial member of REEF.

REEF is a not-for-profit organisation which has been providing guidance to real estate employers for over 40 years. It handles over 5,000 calls a year from members, seeking help, information and advice on employment issues and problems.

Professional Indemnity (PI) is compulsory for real estate agents to protect you against potential claims alleging breach of professional duty. Without it you put your business and personal assets at risk, and Realcover PI cover provides the extra benefit of offering EPL protection.

This additional cover helps to ensure agents are protected against actual or alleged claims for employment-related matters such as: 

• Dismissal or termination
• Breach of any oral or written express or implied, employment contract
• False or misleading representation or advertising relating to employment
• Failure to employ or promote
• Unfair deprivation of a career opportunity
• Unfair counselling or discipline
• Negligent employee evaluation or performance assessment
• Workplace harassment
• Denial of natural justice
• Breach of privacy legislation
• Unlawful discrimination.
  

For more information on Realcover’s PI policy, call 1800 990 312 or visit here.