Rental sector licensing service teams up with insurance broker

PropTech firm Kamma, which monitors the growing number of local council licensing regimes, has teamed up with an insurance broker.

The link with Mint Insurance achieves, according to Kamma, the elimination of risks for property professionals, both in terms of insurance and property licensing. 

The total fines for non-compliant letting agents and landlords has now hit £7.5m, an increase of £300,000 in less than four months. 

The average amount of fines imposed on landlords for all offences is now £4,233 and £4,440 for letting agents. 

Kamma says: “There continues to be many risks for property professionals including market risks and regulatory risks. The best property professionals will need to have safeguarding tools in place to protect themselves and their customers. Thanks to Kamma’s new group supplier deal with Mint Insurance, all Mint Insurance customers will have access to discounted offers of Kamma’s licensing compliance services and tools.”

Mint Insurance director Oliver Wharmby adds: “We are always looking at ways to mitigate risk, promote good practice and add value for our policy holders. Licensing is a growing area of concern which is noticeably affecting more and more agents. Kamma’s unique proposition will help agents manage their risk and avoid fines and potential brand reputational damage. 

“With new legislation constantly being introduced and existing legislation ever evolving, we hope our partnership with Kamma will raise awareness and help protect agents who operate in the private rental sector.”