Considering the legal implications and regulatory framework under which Property Practitioners operate, they are required to provide skilled and accurate professional advice regarding property transactions to avoid any negligence or delictual claim arising against them.

LSG, in conjunction with Camargue Underwriting Managers (Pty) Ltd have created a professional indemnity cover Agent Sure that protects property practitioners from liability for the cost of defending negligence claims instituted against them from, inter alia, the provision of incorrect advise, listing property incorrectly, failing to disclose material defects in properties and misrepresentation or breach of contract.


Property Practitioners Professional Indemnity Insurance [PPPII]

  • Premium Table

    Revenue Per Annum Limit of R1m Annual Premium Limit of R1m Monthly Premium Limit of R2.5m Annual Premium Limit of R2.5m Monthly Premium Limit of R5m Annual Premium Limit of R5m Monthly Premium
    R1 – R500k 5,500 458.33 9,500 791.66 14,000 1,166.66
    R500k - R1m 6,000 500.00 10,000 833.33 14,500 1,208.33
    R1m - R1.5m 6,500 541.66 10,500 875.00 15,000 1,250.00
    R1.5m - R2m 7,000 583.33 11,000 916.66 15,500 1,291.66
    Excess: R10,000 For revenue per annum in excess of R2m please refer to


    Cover First Amount Payable Limit of Indemnity
    Loss of Documents R25,000 5% of the main PI limit of indemnity maximum R500,000 in the aggregate
    Defamation (Libel and Slander) R10,000 R1,000,000 in the aggregate
    Statutory Defence Costs Nil R 250,000 in the aggregate
    Liability for Subcontractor Duties Follows PI Excess Follows PI Limit
    Participation in Joint Ventures Follows PI Excess Follows PI Limit
    Regulatory Body Defence Costs Follows PI Excess Follows PI Limit

    Risk Management Services Included

    Service Benefit to Client
    Crisis Communication & PR Public relations support and media disaster management
    Legal Support  Contract vetting and management
    Private Arbitration Alternative options to costly litigation in commercial and employment disputes
  • Insured Person
  • Turnover
  • Residential Sales %Commercial Sales %Residential Rentals %Commercial Rentals %
  • - Any claim/s being made or settled?
    - Any circumstance/s that could lead to a claim being reported to Insurers?
  • I hereby authorise Camargue Underwriting Managers (Pty) Ltd or its authorised administrator to debit my account with the agreed monthly Insurance premium and collection fee. I understand that should my payment not be received by Camargue Underwriting Managers (Pty) Ltd or its authorised administrator by the 15th, there is no Insurance cover from the 1st day of that month and the Insurance policy will be cancelled, unless prior arrangements have been made.
  • R0.00
  • Notice: Debits cannot be raised through FNB Savings, Master Card Holders or account numbers exceeding 13 digits
    • I/we declare that after proper enquiry the statements and particulars given above are true and that I/we have not miss-stated or suppressed any material fact.
    • I/we agree that this Proposal Form, together with any other material information supplied by me/us shall form the basis of any contract of insurance affected thereon.
    • I/we undertake to inform underwriters of any material alteration to these facts occurring before the completion of the contract.
    • I/We understand that submitting this electronic declaration form will from the basis of this contract.
    • I/We understand that the premium includes regulated commission, charged at 20% of the gross premium, payable to the broker for services provided. I/we consent to a R80.00 broker fee* and either a R11.40 debit order charge or R15.00 cash deposit charge (whichever is applicable).*Explained in LSG Financial Services Guide.
    • Insurance is not bound until accepted by insurers
    • Only property in South Africa
    • Insurers share information with each other regarding policies and claims with a view to prevent fraudulent claims and obtain material information regarding the assessment of risks proposed for insurance. By reducing the incidents of fraud and assessing risks fairly, future premium increases may be limited.  This is done in the public interest and in the interest of all current and potential policyholders. The sharing of information includes, but is not limited to information sharing via the Information Data Sharing System operated by TransUnion ITC on behalf of the South African Insurance Association. By the insurer accepting this insurance, you or any other person that is represented herein, gives consent to the said information being disclosed to any other insurance company or its agent. You also similarly give consent to the sharing of information in regards to past insurance policies and claims that you have made. You also acknowledge that information provided by yourself or your representative may be verified against any legally recognised sources or databases. By insuring you hereby not only consent to such information sharing, but also waive any rights of confidentiality with regards to underwriting or claims information that you have provided or that has been provided by another person on your behalf. In the event of a claim, the information you have supplied with your application together with the information you supply in relation to the claim, will be included on the system and made available to other insurers participating in the Information Data Sharing System.
    • When you enter into this policy you will be giving us your personal information that may be protected by data protections legislation, including but not only, the Protection of Personal Information Act, 2013 (“POPI”). We will take all reasonable steps to protect your personal information. You authorise us to:
      1. Process your personal information to
        1. Communicate information to you that you ask us for.
        2. Provide you with insurance services.
        3. Verify the information you have given us against any source or database.
        4. Compile non-personal statistical information about you.
      2. Transmit your personal information to any affiliate, subsidiary or re-insurer so that we can provide insurance services to you and to enable us to further our legitimate interests including statistical analysis, re-insurance and credit control.
      3. Transmit your personal information to any third party service provider that we may appoint to perform functions relating to your policy on our behalf.
    • You acknowledge that this consent clause will remain in force even if your policy is cancelled or lapsed.
    Copy of policy wording available on request.

Download Policy Wording