Insurance For Auctioneers

Insure your Business As Fast As You Can Click

Get customisable insurance to meet your needs.

Compare free quotes

Buy online, no paperwork

Get instant cover

Get Quote

Why Auctioneers Need Professional Indemnity Insurance

Auctioneers deal with valuable transactions and assets, which exposes them to potential claims if mistakes occur. Professional Indemnity Insurance protects auctioneers from claims of negligence, misjudgment, or errors—whether it's an incorrect appraisal or a failure to meet client expectations. This coverage helps safeguard your reputation and financial stability, ensuring that claims don’t harm your business.

What to Consider Before Buying Auctioneer Insurance

When choosing auctioneer insurance, it's important to think about coverage for public liability, professional indemnity, and property damage. This protects you from third-party claims, such as injuries or damages that might happen during auctions. Comprehensive coverage ensures financial protection if things don’t go as planned, whether due to client disputes or accidental damage to auction items.

Could This Happen to Your Business?

Client Dispute Example
An auctioneer conducted a high-profile auction where a buyer challenged the authenticity of an expensive item after the sale. Legal action followed, but professional indemnity insurance helped cover legal fees and the settlement, protecting the auctioneer’s business from significant financial loss.

Getting insured is easy. Our friendly team is just a phone call or a few clicks away, ready to help you secure coverage in minutes.

Want to get your free quote now? Get your price below.

Get my price

Frequently Asked Questions

Auctioneers need insurance to protect themselves from risks like client disputes, accidental damages, or legal liabilities during auctions. Insurance ensures that auctioneers are financially covered in case of unforeseen incidents.

Professional indemnity insurance covers claims related to errors, omissions, or disputes during auctions. It protects against legal costs if a client sues you for negligence or failure to fulfill your duties.

Yes, comprehensive auctioneer insurance often covers accidental damage to items under your care, control, or custody during an auction

While not legally mandatory, many venues or clients require auctioneers to have insurance as a condition for hosting events. Having insurance is highly recommended to safeguard your business.

With Bi-me, you can get an instant quote online from South Africa’s top insurers and be insured within minutes, ensuring your auction business is protected without delay.