Insurance for Real Estate Agents & Realtors

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COMMERCIAL REAL ESTATE AGENT

RESIDENTIAL REAL ESTATE AGENT

Why do Real Estate Agents and Realtors need it?

Real estate agents and realtors are at the heart of today’s economy. Thus, the consequences of mistakes in the field have the potential to be particularly devastating. That’s why reliable and customized business insurance has never been more important.

BizInsure is where you can find dependable and affordable insurance tailored to the needs of busy real estate agents and realtors. Click or call us today to compare quotes for free.

Did you Know?

Professional liability insurance or E&O can help protect your real estate business in an event a liability lawsuit is filed against you. It may also help with legal defense that result from that lawsuit.

Real Estate insurance covers a broad range of professions.

We help insure many Real Estate professionals and businesses including (but not limited to):

Real Estate BrokersRealtors
Real Estate AgentsAnd many more…

 

COMMERCIAL REAL ESTATE AGENT

RESIDENTIAL REAL ESTATE AGENT

Professional Liability Insurance for Real Estate Agents & Realtors

Businesses offering professional advice in the real estate industry are regarded as experts and are therefore often held to a higher standard. If something goes wrong or your clients become upset, you have the potential to be held accountable for costly damages, regardless of whether you have done anything wrong.

A Professional Liability insurance policy can help protect your real estate business in these instances. Also known as Errors and Omissions (E&O) insurance, this type of policy protects your business against claims of negligence, misrepresentations, or mistakes. Professional Liability claims are typically made by clients who allege some form of financial damage as a result of your services, products or employees.

Professional Liability insurance for real estate agents will pay your legal fees (up to the limits of liability) resulting from a related claim. This includes settlements and judgements, which alone could cost thousands of dollars. Without a policy, you would be responsible for paying these costs from your own pocket, which could easily lead to bankruptcy, business closure, or emptying your personal savings.

Claims do not have to be true to be financially devastating for real estate agents. Even a baseless claim and resulting lawsuit could lead to the negative outcomes listed above. They can also blemish your professional reputation. Professional Liability insurance for real estate agents will cover you even if the claim presented has no merit, so you can defend yourself and get back to work as soon as possible.

General Liability Insurance for Real Estate Agents & Realtors

General Liability is the most basic form of business insurance policy. This type of policy can protect you against any claim by an outside party regarding injury or damage to their property. In these instances, your policy will cover your legal expenses as well as your cost to replace or remedy the situation up to the limits of liability.

When real estate agents and realtors rent office space, they are often required by landlords to have a General Liability policy in place. Additionally, professionals who visit their clients’ premises may also be required to have a General Liability policy in effect.

General Liability may also cover advertising injury and personal injury claims related to the operation or advertising of your business. These can include claims of libel, slander, defamation, or copyright infringement. Real estate agents and realtors might consider seeking a General Liability policy that covers them for these types of claims, which are common in the field.

Business Owner’s Policy (BOP) for Real Estate Agents & Realtors

A Business Owner’s Policy (BOP) can protect professionals in your industry against a wide range of business-related risks. Any real estate agent or realtor who rents office space or own business property should consider purchasing this inclusive package.

A BOP is a convenient package of insurance that protects your business against the common risks it faces every day. The BOP product includes various coverages that may suit the unique requirements of your small business. Insurance included in a BOP can vary but usually they include protection for typical small business risks such as property damage, business interruption and liability.

Real estate agents and realtors can customize their BOP to include other forms of coverage that are relevant to their profession. This might include protections such as non-business owned automobile liability and employee dishonesty. If you rent or own office equipment, you can also add coverage for your business equipment and property.

COMMERCIAL REAL ESTATE AGENT

RESIDENTIAL REAL ESTATE AGENT

How much does business insurance cost for real estate agents?

Every real estate agent and broker is unique. Insurers take into account many of the factors that make you unique to help set the premiums you will pay for your policy. This is why the cost of business insurance can vary greatly from agent to agent, even within the same state or city.

Some of the factors used to calculate business insurance premiums include:

  • The geographic location you work in
  • Your yearly revenue or the size of your business
  • Your and your employees’ qualifications and relevant licenses
  • The amount of coverage you need or want
  • Your previous claims history

 

Comparing quotes from different insurers is a good way for real estate agents, realtors, and brokers to better understand how much you can expect to pay for business insurance.

BizInsure helps make this process fast and easy for busy real estate professionals. Enter your details once to receive multiple quotes for multiple insurance products from multiple insurers—at the same time! Quickly compare policies and choose the ones that best meet your business needs.

FAQ

Is real estate agent insurance required by law? Does real estate agent insurance differ by state?

Business insurance requirements often vary from state to state. You may be required by law to have certain types of insurance coverage and/or maintain minimum levels of this coverage to work in real estate. Check with your state or local government to better understand the laws and professional requirements for real estate agents in your area.

Broadly speaking, Professional Liability insurance for real estate agents may be required in some instances. Professional associations may require members to hold minimum levels of coverage to obtain and renew the real estate licenses that are necessary to work in the field.

General Liability insurance may be required by your commercial landlord to rent their premises. It may also be required by clients and written into any business contract you sign with them.

Even if you are not required by law to have real estate agent insurance in your state, you may still want to consider getting covered. The protections provided by business insurance could help safeguard your business financially should a claim or lawsuit ever be filed against you.

Is real estate agent insurance tax-deductible?

Business insurance premiums are generally tax-deductible. An accountant can help you understand and take advantage of relevant deductions when you file your business taxes.

What does real estate agent insurance cover?

Real estate agent insurance can provide coverage for a wide range of common risks you may face on the job. These may include:

Professional Liability insurance

  • Errors or Mistakes
  • Omissions
  • Missed deadlines
  • Undelivered services
  • Negligence
  • Breaches of contract

 

General Liability insurance

  • Third-party bodily injury
  • Defamation, libel, or slander
  • Copyright infringement
  • Damage to a third-party’s property

 

Business Owner’s Policy (BOP)

  • Property damage
  • Third-party bodily injury
  • Business interruption
  • Employee dishonesty
  • Non-commercial owned auto liability

 

Your policy wordings will include comprehensive lists of what is covered by your real estate agent insurance, and what is not.

 

COMMERCIAL REAL ESTATE AGENT

RESIDENTIAL REAL ESTATE AGENT

MOVING FORWARD, I WILL BE SENDING ALL OF MY BUSINESS TO THIS COMPANY !!!! Incredible customer service!!! Thanks
THEODORE WELLS
THEODORE WELLS
19:49 09 Sep 21
Daniel Patrick Sullivan
Daniel Patrick Sullivan
16:49 07 Sep 21
Their representative clearly explained different kinds of policies to help me select the one appropriate for my needs and then helped me enroll by phone painlessly. By the end of the call, I had a policy in place.
Dissent Doe
Dissent Doe
22:21 02 Sep 21
Sheree Williams
Sheree Williams
19:39 27 Jul 21
Eugene was Awesome!!!!
Lakesha G
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
Lane
Lane
18:22 22 Jun 21
Jugrid Ombisi
Jugrid Ombisi
16:26 15 Jun 21
Done in less than an hour!
William Opperman
William Opperman
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
Brenda Jones
Brenda Jones
20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
Arik Solberg
Arik Solberg
16:34 10 May 21
Adj Ako
Adj Ako
16:47 05 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba Perez
Elba Perez
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
Casper Martinez
Casper Martinez
19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic Films
Poetic Films
21:00 07 Apr 21
Sandra Darjean-Murphy
Sandra Darjean-Murphy
17:48 31 Mar 21
Jusephine Ghong
Jusephine Ghong
17:58 23 Mar 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin Behm
Franklin Behm
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V Lapierre
Cassiopée V Lapierre
23:13 09 Mar 21
S & S Professional care llc Home Health Agengy
S & S Professional care llc Home Health Agengy
04:15 24 Feb 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie Woodruff
Stephanie Woodruff
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined Perez
Esined Perez
23:32 17 Feb 21
DIVINE FIJIANS HOME CARE SERVICES
DIVINE FIJIANS HOME CARE SERVICES
22:49 05 Jan 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe Wajdula
Joe Wajdula
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa Word
Lisa Word
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda hale
rhonda hale
23:26 12 Nov 20
Owner (LPN)
Owner (LPN)
23:19 06 Nov 20
Cincere Browdy
Cincere Browdy
15:16 29 Oct 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran Sutton
Fran Sutton
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen Day
Aileen Day
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele Harris
Michele Harris
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina Rose
Christina Rose
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy Sloan
Nancy Sloan
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope jones
hope jones
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela Curry
Pamela Curry
16:45 24 Aug 20
Cameron Peek
Cameron Peek
19:25 24 Jul 20
Great and fast service!!!! The representative was very professional!!!!
Tanya Sweet
Tanya Sweet
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy Smith
Jimmy Smith
19:01 14 Jul 20
Great service, but they're also extremely patient. I called over a month ago for specialized E & O coverage, and Bizinsure was able to put me in touch with an extremely reasonable quote. Absolutely invaluable time and monetary savings to be had by going through these folks. If you can-- ask for Anthony. Absolute gem of a human.
James Lang
James Lang
18:19 02 Jul 20
Ken M
Ken M
23:21 28 Jun 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda Gray
Rhonda Gray
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul Rising
Paul Rising
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene Smith
Kristene Smith
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre Hall
Fre Hall
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn Torres-Gale
Dawn Torres-Gale
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. Atallah
Dr. Youssef C. Atallah
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh Mariscal
Josh Mariscal
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Young
Allison Young
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark Wallace
Mark Wallace
23:42 13 Nov 17
Daniel Scott
Daniel Scott
15:15 27 Jun 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham Blair
Graham Blair
22:12 23 Jun 17

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