Yes. As a business broker, you're advising on complex transactions involving significant financial decisions. If a deal falls through or a party claims you provided misleading advice, you could be held liable - even if you acted in good faith. Professional Indemnity Insurance helps protect you from the legal and financial fallout of such claims.

That would typically fall under Professional Indemnity Insurance, which covers claims related to your professional services, and Legal Expenses Insurance, which helps cover the cost of defending yourself. Both are essential to protect your brokerage if a client alleges negligence, breach of duty, or misrepresentation.

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Absolutely. Business brokers handle sensitive information - financials, contracts, personal client data - often over email or shared online. A cyber breach can lead to serious reputational and legal issues. Cyber Insurance can help cover data recovery, client notification, and liability if client information is compromised.