Insurance for Real Estate Agents &
Realtors

  • Competitive insurance prices from A+ rated insurer
  • Online, no paperwork. Your policy will be emailed instantly
  • Over 25,000 small businesses in U.S. have used BizInsure
  • Coverage Starting From $45 Per Month

Commercial real estate agent
Residential real estate agent

Why do Real Estate Agents and Realtors need insurance?

Real Estate Agent and Realtor insurance is designed to cover claims of negligence, breach of contract, property damage, and many other common risks that real estate agents and realtors may face in their work.

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.

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 Brokers

Licensed professionals who provide services to real estate buyers (conduct negotiations, prepare offers, and other offers up to the closing date) or sellers (determine market value, list and show properties, and assist with offers).

Realtors

Members of the National Association of Realtors (NAR), including licensed agents, brokers, property managers, and other real estate professionals

Real Estate Agents

Professionals who are licensed to help clients buy, sell or rent real estate.

And many more…

Click or call BizInsure today to compare free quotes from top-rated insurers across the country

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.

A BOP is a convenient insurance package that shields small businesses against everyday risks they are likely to face. Insurance included in a BOP can vary but they typically include protection for common 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.

If you’re looking for cover General Liability Insurance, Professional Liability Insurance, also known as Errors & Omissions insurance (E&O), Workers Compensation Insurance, and Business Owner’s Policy, then BizInsure is the place to go!

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

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