/ BLOG

What insurance do real estate agents need in Florida?

Jun 29, 2021 · 5 minutes to read

According to recent data, Florida is the number one destination for Americans looking to move to a new state. With so many people relocating to the Sunshine State, becoming a real estate agent may be a smart career choice. However, there are risks that you’ll need to manage, many of which can be covered by business insurance.

A happy real estate agents in Florida office
Let’s discuss some of the most common types of business insurance that real estate agents often consider, from Professional Liability to a Business Owner’s Policy.

Professional Liability

Real estate agents rely on their professional knowledge and expertise to provide advice and represent their clients’ interests on their behalf. But however careful you are, there’s always a chance that you could make a mistake. Unfortunately, even a small error could cause a big financial loss for a client, and they could seek compensation from you if that happens.

Professional Liability insurance can help protect you and your business against certain kinds of liability claims.

Professional Liability insurance can protect professional service providers from potentially devastating financial damages resulting from alleged negligence or error in the delivery of your services.

Florida does not require real estate agents to have Professional Liability insurance. Despite this, your clients may expect you to have a policy. This can give them greater peace of mind, knowing that if something goes wrong, you’ll be able to provide appropriate compensation.

General Liability

Real estate agents spend a lot of face-to-face time with their clients and other members of the general public. You might meet clients and others in your personal office, at their house, or during open homes. Though these situations are typically low risk, accidents happen and there’s always a chance that a client could be injured. Depending on the circumstances, you could be liable for their medical costs.

General Liability insurance could help shield you against certain third-party claims.

General Liability insurance protects businesses against the risk of customer injury and property damage.

Real estate agents in Florida are not required to buy a General Liability insurance policy. Still, a commercial landlord can require it as a condition to lease their property. It can also help protect you in many other spaces where you may work, such as a home office or during open homes you are managing. General Liability policies also protect you if you damage a client’s property.

Workers’ Compensation

Many real estate agents work alone, but you may need to hire employees to help you manage your business. As their boss, you are responsible for much more than just their paycheck. You are also responsible for workplace safety. If an employee is injured on the job or suffers a serious illness due to their work, you could be liable for their medical costs and certain other expenses.

Workers’ Compensation insurance is designed to help your employees and protect your business.

Workers’ Compensation insurance provides benefits to your employees when they make a claim against your workplace for injury or illness.

In Florida, all small businesses outside of the construction industry must have Workers’ Compensation insurance if they employ four or more people. Even if your business has a staff less than four people or you’re a sole proprietor, you might still consider having a policy. Workers’ Compensation insurance coverage can save your business out-of-pocket expenses for medical bills, replacement wages, and more if an employee is seriously injured or becomes ill at work.

Business Owner’s Policy

Depending on how you work, you may face a variety of other risks as a real estate agent. This might include car accidents, damage to office equipment, or a business interruption. It may be wise to find a single policy that includes coverage for these and other common risks that real estate agents may face on the job.

A Business Owner’s Policy can provide you with multiple types of coverage in a single policy.

A Business Owner’s Policy (BOP) is a convenient and affordable way for small business owners to protect against several of their most common exposures. These policies combine General Liability insurance with other types of coverage, such as business interruption and business property damage.

Florida real estate agents are not required to have a Business Owner’s Policy. Though, a BOP might be worth considering as it can be customized to include protections that you may want as a real estate agent. These might include coverage for business interruptions, damage to your commercial property and other common events.

Business insurance for Real Estate Agents in Florida

Florida real estate agents looking for Professional Liability and other types of small business insurance can get covered in minutes with BizInsure.

Our platform is designed for small business owners, making it simple, quick and affordable to get the coverage you need. With a single data entry, you can receive multiple quotes for multiple types of insurance from top-rated insurers in minutes.

Learn more and find the small business insurance you’re looking for.

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Love it
Hanna R.
1708272180
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
Calandra K.
1708044666
The agent was quick and efficient in generating a quote for my needs.
Theresa F.
1707895796
I enjoy working BizInsure they always answer all my questions and make sure i have the correct coverage for my business.
Prompt and professional service from Biz Insure. Thanks Leslie and Liza!
Bev G.
1707524454
Very easy to sign up for insurance.
Great company
Brown G.
1706896003
Fast and efficient!
Kim C.
1706746693
عالی
alireza J.
1706727364
It was great being able to get a policy that suits my company's need in less than 30 minutes. They were vey thorough. Very competitively priced.
Lynette C.
1706621476
I worked with Andrea for another start up business. She was very knowledgeable and help me pick the correct policy. Amazed at how quickly the process went.
Representative was very kind, helpful, and educated me well. I appreciated today's prompt service with confirmation that I was satisfied with what was provided to me.
Tina P.
1706224051
Great company for.your low cost business insurance needs.
constantin T.
1706156911
Staff was very fessional and friendly. I was able to get a quote and move forward within 20 minutes.
Pebbles S.
1706126428
Wonderful
Complete C.
1705788054
MUY BUENO
Super easy process.
Ashley G.
1704830227
It’s very easy to understand and at a very reasonable price.
Mary M.
1703780096
Professionalism, Quality, Responsive and budget friendly
B D
1703029371
Great rates, easy to understand and select appropriate coverage, can get in a jiffy
Brie C.
1702775397
I have been a customer of BizInsure for a few years now and I love it. There customer service is awesome and the prices are affordable.
Danyale W.
1702132165
Quick easy experience! The rep was knowledgeable & pleasant. Customer care was awesome to respond and clarify my concerns.
Kathy Ann A.
1702059151
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
1701380391
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Terry
1701319042
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
1700848536
Always and easy process. Thanks!
Gerald S.
1700244544
Renewal was quick and easy online
Angelita K.
1699752900
I had a great experience working with Andrea from BizInsure. She was extremely knowledgeable, helpful, and responsive throughout the entire process. She guided me through the different options available and helped me find the perfect home care professional liability insurance policy that suited my needs. Her professionalism and expertise made the entire experience smooth and hassle-free. I highly recommend working with Andrea and BizInsure for all your insurance needs.
Juliette S.
1699032636
Easy to submit an application and to get quotes
Simone S.
1698775217
I had the most pleasant prompt and professional experience of my life with Bizinsure. Everything was completed in record time, at an unbelievable cost…and my certificate of Insurance was promptly emailed to me. Most of all it was effective immediately. No hassle no back & forth, just great service highly recommend to all small businesses.
Marcia S.
1698407456
Excellent
advanced U.
1697824466
Great service. Very professional and cordial. Thanks
Jeremiah U.
1697064641
BizInure has been a great company for our insurance needs. I wish customers services was 24/7, that would make it a five stars
Novilette L. J.
1696828014
Easy to navigate what you need. Always notify ahead of renewal!
Athena T.
1696646371
js_loader
Google Rating
4.7
Based on 241 reviews
×
js_loader