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Compare Quotes →Coverage questions for this industry
Real estate professionals may need E&O coverage, general liability, cyber, and office/property coverage depending on their work. Insurance needs usually depend on contracts, state rules, employee status, business vehicles, customer interaction, equipment, property, and whether advice or professional services are involved.
Common policies to research
Ask how this coverage applies to real estate agent insurance guide and what exclusions or endorsements may matter.
Ask how this coverage applies to real estate agent insurance guide and what exclusions or endorsements may matter.
Ask how this coverage applies to real estate agent insurance guide and what exclusions or endorsements may matter.
Ask how this coverage applies to real estate agent insurance guide and what exclusions or endorsements may matter.
Ask how this coverage applies to real estate agent insurance guide and what exclusions or endorsements may matter.
Ask how this coverage applies to real estate agent insurance guide and what exclusions or endorsements may matter.
Risk signals to discuss
- E&O
- Client documents
- Showings
- Office work
- Professional licenses
Before comparing quotes
Prepare annual revenue, payroll, subcontractor use, location, vehicle details, equipment values, prior claims, and copies of contracts requiring insurance. If a client asks for additional insured status or a certificate of insurance, show the exact wording to a licensed professional.
Cost factors to organize
Common quote factors include state, industry, years in business, annual revenue, payroll, prior claims, number of employees, subcontractor usage, vehicle use, coverage limits, deductible choices, property values, and whether customers or workers visit job sites. Keeping these details consistent across quote requests makes comparisons more useful.
Frequently asked questions
What insurance does a real estate agent need?
Most agents carry errors and omissions (E&O), general liability, and cyber liability. Some brokerages provide E&O for their agents, but coverage limits and exclusions vary by firm.
How much does real estate E&O cost per year?
Individual agent E&O typically costs $400 to $1,200 per year. Team and broker policies can run $2,000 to $10,000+ depending on transaction volume, claims history, and limits.
Does my broker's E&O cover me or do I need my own?
Broker E&O usually covers you for transactions handled through the brokerage, but limits are shared and may not cover personal investment activity, prior acts, or tail coverage if you leave the brokerage.
What claims does real estate E&O typically cover?
E&O commonly responds to claims of failure to disclose defects, misrepresentation of property features, missed deadlines, fair housing complaints, and breach of fiduciary duty in transactions.
Am I covered for property I personally own and sell?
Most E&O policies exclude transactions involving property you, family members, or business partners own. A personal transaction endorsement may be available at additional premium.
Do I need cyber liability as a real estate agent?
Yes. Wire fraud and email spoofing targeting real estate transactions are now a leading source of losses. Cyber coverage helps with notification costs, social engineering fraud, and funds transfer fraud, often as sublimits.
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