Agile Underwriting has launched VacantLandLiability.com, a platform selling instant liability protection via its retail brokerage Brokers Online.

The product offers as much as $20 million cover for up to 460 hectares and protects against a person injuring themself on the vacant land, or damage to third parties. It is backed by Lloyd’s.

Brokers Online Head of Commercial & Retail Broking Mark Laudrum says there has been a surge in demand over the past 12 months from customers seeking a simple way to purchase cover for the vacant land they own.

Ownership of vacant land in Australia involves the same kind of legal liability under common law as owning a home, boat, car, or even a business.

“We’ve found a lot of customers like to self-serve and the combination of advice and support with the option of online self-service is a perfect match,” said Mr Laudrum, a former National Insurance Brokers Association (NIBA) Victorian chair.

Steadfast member Brokers Online was formed in September 2019 and says it blends old traditions with new technology.

Agile also recently launched Individual Personal Accident & Sickness and Bill Cover on its online trading platform Powered by Agile.