FRIDAY, FEBRUARY 11, 2022
Being involved in real estate sales means that you’re probably making fairly large transactions on a regular basis. Having the right insurance coverage as a real estate agent is crucial in protecting your financial well-being. Several types of business insurance can help keep you protected from risks such as property listing errors, damage to a client’s home, and unexpected costly accidents. At Eagle Insurance, we’re ready to help you determine which type of coverage is right for you. 
Types of Insurance for Real Estate Agents
There are various types of insurance available for real estate agents to purchase. Consider some of the following to get your coverage started:
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Errors and omissions insurance – Helps cover legal fees in the event you’re involved in a lawsuit related to mistakes and oversights you make in providing professional services. This policy can also be referred to as professional liability insurance.
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Workers’ compensation insurance – If you have employees, workers’ compensation insurance is not only vital; it is often required. This coverage provides benefits to employees who suffer work-related injuries or illnesses.
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Commercial auto insurance – Helps pay for damages and injuries if your business-owned vehicles are involved in an accident.
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Commercial property insurance – Protects your agency’s physical assets from fire, explosions, burst pipes, storms, theft and vandalism.
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Cyber liability insurance – Helps cover costs and expenses related to cyberattacks.
Your coverage will vary depending on your unique needs. Each state is going to have different insurance requirements. Be sure to check with the requirements in your state before choosing your coverage.
How Much Does Real Estate Agent Insurance Cost?
The cost of your insurance coverage as a real estate agent is going to vary depending on the coverage you determine is right for you. Coverage cost can vary depending on the following factors:
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Business size and revenue
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Types of business insurance purchased
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Policy limits and deductibles
Be sure to discuss your needs with an agent at Eagle Insurance to receive a quote on your coverage.
At Eagle Insurance, we’re here to help protect your business with proper insurance coverage. Contact your agent at Eagle Insurance today to learn more about your real estate coverage options.
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NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
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