Insurance For Real Estate Agents And Brokers

What type of insurance do I need for my business?

Most Real estate agents and brokers businesses have a Business Owner's Policy called a BOP. A BOP is a great becasue it combines three general insurance coverages and saves you money.

We recommend these products as a base:

• Business Owners Policy: A business owner's policy, also known as BOP insurance, combines various insurance coverage with additional protection into one convenient package.
• General Liability Insurance: General liability insurance, also known as commercial general liability (CGL) insurance or business liability insurance, safeguards businesses from potential financial repercussions arising from bodily injury, property damage, and personal and advertising
• Professional Liability Insurance: Professional liability insurance, which is also referred to as errors and omissions (E&O) insurance, provides protection for business professionals such as attorneys, consultants, and accountants against claims related to negligence or errors in their ser

How Much Does Real Estate Agents And Brokers Insurance Cost?

• The size of your business
• How many employees work for you
• If you keep customers information stored in a data system
• If you have trucks or vehicles or tow equipment

Your Real estate agents and brokers business may also need other types of business insurance, like:

• Commercial Auto Insurance: Commercial auto coverage pays for injuries and property damage caused by an auto body shop’s pickup or other vehicle. It’s required in most states for business-owned vehicles.
• Cyber Insurance: Cyber insurance offers coverage for your business's liability, in the event of a data breach that compromises sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers, and health recor
• Workers Comp Insurance: Workers' compensation coverage guarantees the safeguarding of your business and employees by providing employee rehabilitation and death benefits in the event of any workplace injury or illness suffered by your staff members.

Similar professions and Real Estate Agents And Brokers business insurance?

• Closing agents
• Commercial landlords
• Mortgage brokers
• Property managers
• Real estate agents and brokers
• Real estate appraisers
• Title abstractors