21 August 2026
The hidden risk
of underinsurance
Underinsurance can leave a business funding part of a major loss. Learn why sums insured, business interruption and replacement values need regular review.
Six core insurance covers for Livestock & Property Agents
Livestock & Property Agent businesses carry operational, professional, management, technology, vehicle and travel risks. RMA Insurance Brokers has developed dedicated information for six core areas commonly reviewed as part of an rma network Member business insurance program.
The six core covers
Office activity, saleyard attendance, property inspections, vehicle use, client advice, staff, technology and business travel each create their own exposure. They also overlap, so a decision made on one policy can change how another responds.
Each cover below links to a page written specifically for Livestock & Property Agents. Cover is subject to insurer terms, policy wording, limits and exclusions.
Business & Liability Insurance
Office premises, contents, business interruption and public and products liability exposures that come with saleyard attendance, property inspections and client premises.
Learn more about Business & Liability InsuranceCommercial Motor Insurance
Vehicles used across properties, saleyards and long regional distances, including who drives them and what is carried.
Learn more about Commercial Motor InsuranceCyber Insurance
Email compromise, client records, payment and settlement instructions, ransomware and the response costs that follow a cyber incident.
Learn more about Cyber InsuranceManagement Liability Insurance
Employment practices, governance decisions, statutory liability and crime exposures such as trust or client money, subject to the policy arranged.
Learn more about Management Liability InsuranceProfessional Indemnity Insurance
Allegations arising from advice, appraisals, representations and the information passed between vendors and buyers. Some jurisdictions also set licensing requirements.
Learn more about Professional Indemnity InsuranceCorporate Travel Insurance
Interstate and overseas business travel for principals and staff, including medical, cancellation, baggage and emergency assistance considerations.
Learn more about Corporate Travel InsuranceReviewing the program together
Looking at the covers as one program, rather than one policy at a time, usually gives a clearer picture of where the business stands.
- Potential gaps and overlaps between policies can be identified when the program is reviewed together
- Sums insured, limits and business activities can be checked against how the business operates today
- Renewal timing can be considered where appropriate, making it easier to review the broader program together
- Changes such as new employees, offices, systems, vehicles or services can be incorporated into the review
- Claims history and risk improvements can be presented consistently to insurers
Other covers to consider
Depending on how the business operates, these covers may also be worth reviewing alongside the six core covers.
- Workers Compensation InsuranceWorkers compensation is a statutory requirement for employers, subject to the applicable state or territory scheme and worker definitions.
- Debtors InsuranceBuyer insolvency and protracted default affecting commissions and livestock sales proceeds.
- Livestock in Transit InsuranceLivestock moved between properties, saleyards and processors, subject to the policy arranged.
- Stud Stock InsuranceHigh value breeding animals bought, sold or held on behalf of clients.
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Review your insurance program
Contact RMA Insurance Brokers to review the covers held by your Livestock & Property Agent business, and how they work together.
RMA Insurance Brokers is an insurance broker, not an insurer. Information published here is general in nature and does not take into account your individual objectives, financial situation or needs. Cover is subject to insurer terms, the policy wording, limits and exclusions, and to insurer acceptance. Review the relevant policy documentation before making a decision.