Are there compensation arrangements in place?

RMBL must maintain adequate compensation arrangements at all times in accordance with its Licence requirements.

To meet these requirements, RMBL has in place a professional indemnity insurance policy, which covers all of RMBL’s employees, officers, directors and Authorised Representatives. This policy provides cover of up to $10 million.

Further, RMBL requires adequate professional indemnity policies to be in place for all of its external service providers (such as Valuers, Quantity Surveyors, Real Estate Agents and Interstate Solicitors) before they can be officially appointed to RMBL’s Panel.

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