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Insurance Coverage Options for Migration Agents
What are the Responsibilities of a Migration Agent?
- Providing recommendations on which visas clients should apply for
- Preparing and lodging applications
- Verifying that required documents meet Australian standards
- Ensuring that application forms are correctly submitted
- Offering advice on application costs and making sure they are settled
- Dealing with the Department of Immigration and Citizenship on clients’ behalf
How Does the Office of the MARA Regulate Migration Agents?
What are the Insurance Coverage Options that Protect Migration Agents?
- Cyber Liability Insurance
Professional Indemnity insurance is designed for professionals who provide a specialist service or advice, providing protection for financial loss and legal costs of a claim.
Public Liability insurance is there to provide protection if someone makes a claim against the insured, the business or its employees.Cyber Liability Insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack.- Cyber Liability Insurance
- Migration agents who have an online presence or store clients’ confidential information online are at risk of losing data because of either theft or hacking. Cyber liability insurance protection plan may reimburse losses in the event that a client files a claim for loss of information or data breach.
- Migration agents who have an online presence or store clients’ confidential information online are at risk of losing data because of either theft or hacking. Cyber liability insurance protection plan may reimburse losses in the event that a client files a claim for loss of information or data breach.
- Personal Accident and Illness Insurance
- In case a migration agent is not able to work temporarily or permanently because of an injury or illness, this insurance coverage can help to pay for lost income. Other policies also provide additional benefits such as professional membership fees reimbursement and return to work assistance.
- In case a migration agent is not able to work temporarily or permanently because of an injury or illness, this insurance coverage can help to pay for lost income. Other policies also provide additional benefits such as professional membership fees reimbursement and return to work assistance.
- Public Liability Insurance
- Accidents happen, and migration agents can be held liable for injuries clients obtained in their office. Claims arising from property damage caused by migration agents’ negligence are also covered under this insurance policy. Public Liability can reimburse a policyholder for losses from defence and legal costs.
- Accidents happen, and migration agents can be held liable for injuries clients obtained in their office. Claims arising from property damage caused by migration agents’ negligence are also covered under this insurance policy. Public Liability can reimburse a policyholder for losses from defence and legal costs.
- Business Insurance
- Business Insurance policies can cover unforeseen events, including fire and storms, ensuring that migration agents are able to recover financially from damages and business interruptions. Expenses from replacing damaged glass, electronic equipment, and office contents may also be covered.
Migration agents are exposed to risks unique to their profession, and choosing the right insurance coverage may be a challenge. Talk to an insurance broker today to learn about your options and protect your business before disaster strikes.
Get help in finding a migration agent via Migration Advisr. - Cyber Liability Insurance
All information above has been provided by the author.
ADVISR, ABN 17 613 588 266
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