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 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

Jasmine Q was on the spot professional, she knew where to direct me and explain to me my concerns and request; she delivered my personal information within minutes of me asking policy questions.That young lady is a true ROCK STAT!!!
Shaka 3 Z.
23:09 15 Aug 22
For a small non-profit, the package I was given was affordable. The representative was polite, patient, understanding, and knowledgeable.
Gertrude R.
18:06 15 Aug 22
Asked for a specific venue to be place on our certificate of insurance and it was done within one business day. Yay! Bizinsure!
Melinda S.
17:02 01 Aug 22
The process was fast and easy and the professional staff was very knowledgeable with any questions that I had and ready to help
VALERIE M.
06:40 31 Mar 22
Friendly agents. Timely replies. Fair pricing. This is a good fit for my business! Thank you, Noah, for all your help.
Beth Anne V.
19:27 28 Mar 22
They are awesome
Tony H.
00:41 07 Jan 22
Noa made sure I had all the information I needed for a first time business owner . He helped me understand what I needed to secure a quality policy and he was super helpful when explaining how the policy would serve its purpose to my company. I was very satisfied and had an Awesome experience, I think people like that make the company look good!
Wayleen O.
04:36 15 Oct 21
I was in need of WC, GL and PL coverages for my business and was able to shop, discuss, confirm and purchase all the coverages in two days! This was a great experience, especially when "Time is Money". Noah Bowman was very professional and knowledgeable. Thanks!
AmeriCreed 1.
15:42 23 Sep 21
MOVING FORWARD, I WILL BE SENDING ALL OF MY BUSINESS TO THIS COMPANY !!!! Incredible customer service!!! Thanks
THEODORE W.
19:49 09 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 D.
22:21 02 Sep 21
Eugene was Awesome!!!!
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
18:22 22 Jun 21
Done in less than an hour!
William O.
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 J.
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 S.
16:34 10 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 P.
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 M.
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 F.
21:00 07 Apr 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 B.
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V L.
23:13 09 Mar 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie W.
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 P.
23:32 17 Feb 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 W.
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 W.
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda H.
23:26 12 Nov 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 S.
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 D.
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 H.
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 R.
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 S.
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 J.
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela C.
16:45 24 Aug 20
Great and fast service!!!! The representative was very professional!!!!
Tanya S.
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 S.
19:01 14 Jul 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda G.
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul R.
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 S.
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 H.
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 T.
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.
01:30 05 May 20
Amazing
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. A.
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 M.
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 Y.
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 W.
23:42 13 Nov 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 B.
22:12 23 Jun 17
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