Real estate agent insurance
One application, multiple quotes.
All in one place.
Essential Protection
From
$25.83
/month*
Can provide coverage if a client claims there was a mistake in the professional services you provided.
What’s included:
Professional Liability
Coverage limits: $100K to $3M†
Get multiple quotes in less than 10 mins
Essential Protection
From
$25.83
/month*
Can provide coverage if a client claims there was a mistake in the professional services you provided.
What’s included:
Professional Liability
Coverage limits: $100K to $3M†
Get multiple quotes in less than 10 mins
Would you rather pick and choose your coverage? Explore all options
Over 1 million customers worldwide.
Buy instantly online.
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Why Do I Need Insurance as a Real Estate Agent?
You know a thing or two about finding clients the perfect home that meets their needs. But what about finding the right policy to protect your business?
Below are some of the most common types of insurance policies that real estate agents carry to stay protected.
What Type of Real Estate Agent Insurance Do I Need?
General Liability
A foundational insurance coverage to help handle costs from third-party accidents, property damage, and bodily injury.
From
$20.75
/month*
Business Owner’s Policy (BOP)
General liability, property insurance, and more all in one convenient package.
From
$33.75
/month*
From
$25.83
/month*
Workers’ Comp
Coverage to help take care of employees who get sick or injured on the job. Most states require this coverage for small businesses with full- or part-time employees. It also can benefit business owners who don’t have employees.
From
$38.91
/month*
Business insurance —
a quick explainer
Learn more about policies for small businesses, what they cover, why you might need them, and how we can help – all in just 60 seconds.
Business insurance is often made up of different types of policies to cover different things, similar to how your health insurance can be made up of medical dental and vision coverage. Here are some of the ones small business owners need. General liability is kind of the Swiss army knife of insurance. It can do a lot, like help handle costs from third party accidents, property damage, bodily injury, and more. Nobody’s perfect, right? That’s what professional liability is for. It could come in handy in the event of honest mistakes or claims of negligence. Workers’ comp can protect your business and help take care of employees who get sick or injured on the job. Small businesses are big targets for cyber criminals. Cyber Insurance can help cover costs associated with stolen customer data, cyber attacks, breaches, and fraud. BOP or a business owners policy combines different types of coverages like general liability and commercial property insurance. Putting them together for you is where we come in. You tell us a bit about your business online or on the phone, and we customize the coverage options for what you do and what you need. It’s your business, it should be your insurance as well. That’s why we’re here.
What Type of Insurance Do I Need for My Real Estate Business?
Your coverage can include a variety of policies, depending on your business and what kind of coverage you want. Here are the three core policies for a real estate business that we recommend:
Commercial General Liability Insurance
Commercial general liability (GL) insurance for real estate agents covers associated risks such as unintentional accidents or injuries or damages to third parties. It won’t cover, say, for instance, if you didn’t lock a client’s property on purpose after a showing.
Without general liability coverage, you run the chance of paying for these costs out-of-pocket. Plus, with the average claim for property damage or accidents for small businesses being around $30,000, you’ll want to make sure you’re covered.
What does general liability look like in action? Say that after you recently replaced the carpets in the office, a client comes in to finish up some paperwork for a property they’re renting. They trip over a loose section of the carpet and end up breaking an arm. They want to sue you for the medical bills. A general liability policy could cover the costs of the medical bills and any associated legal costs.
So what does general liability insurance cover?
- Bodily injury to another person
- Third-party property damage
- Personal and advertising injury
- Medical expenses
- And more
It does not, however, cover the following:
- Workers compensation
- Software and tools
- Business materials and equipment
- Your vehicle(s)
Professional Liability Insurance
As a licensed real estate agent, you want to make sure your business is protected from any risks while doing your job, including errors and negligence. Also known as errors and omissions insurance, professional liability insurance protects you from claims that general liability doesn’t necessarily cover.
For example, imagine that a real estate agent tells a client they will submit their offer to the seller but gets distracted by other priorities and forgets to submit it on time. As a result, the buyers don’t get the house they wanted. The buyers could sue the real estate agent for this mistake.
Luckily, if the real estate agent in question has professional liability insurance, they’d be saved from having to pay legal fees or other associated costs relating to the lawsuit (up to their policy limits). Professional liability coverage is recommended for real estate agents to protect them from this type of risk.
Professional liability can cover:
- Negligence or alleged negligence
- Legal defense costs
- Claims involving libel and/or slander
- Copyright infringement
- And more
Professional liability, however, does not cover:
- Intention acts and omissions
- Property damage
- Medical expenses
- Bodily injury
- And more
Workers Compensation Insurance
For the most part, no matter what state you live in, if you have employees (even if they’re part-time or temporary), you may be legally required to carry workers compensation insurance. Otherwise known as workers comp, this policy protects your business if your employees get sick or injured while working.
There are plenty of reasons why having a workers compensation policy is a smart idea, mainly because if one of your employees gets hurt while on the job, you could be responsible for any associated costs.
The National Safety Council reported that in 2017 alone, work injury costs reached $161.5 billion. That’s quite the bill, right? What’s more, the average cost per medically consulted injury was $41,000, which can be detrimental to a real estate business, especially one just getting started.
Workers compensation insurance for real estate agents can cover:
- Medical payments
- Lost wages
- Rehabilitation expenses
- Death benefits
Why Should I Get Insurance for My Real Estate Business?
It may feel like a major expense to invest in insurance. But here’s the truth: What you spend on real estate coverage is a fraction of what you might spend if you get sued by an upset client or if an employee gets hurt while showing a house. Aside from that, if coverage is required in your state, not having it could result in legal repercussions and, you guessed it, more costs.
Consider the average costs small business owners are at risk of paying without insurance:
- Reputational harm: $50,000
- Vehicle accident: $45,000
- Fire: $35,000
- Burglary and theft: $8,000
Additionally, you’ll want to protect your business from risks that may result in a lawsuit such as negligence, failure to disclose, breach of contract, and more. Protecting yourself and your business from an unhappy client who sues you (even if you did nothing wrong) is always a smart business practice. Legal fees can add up and cause a lot of damage to your real estate business.
Out-of-pocket expenses aside, having proof of insurance can have an impact on reaching different milestones with your business, such as:
- Renting office space
- Convincing other realtors to work with you
- Earning clients’ confidence
- Opening another office location
- And more!
When you buy real estate coverage through Simply Business, we’ll provide you with a certificate of insurance (COI), so you can start providing proof of coverage immediately.
What Does Real Estate Agent Insurance Cost
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Get a quick estimate in just 3 steps.
Answers to More Real Estate Agent Insurance Coverage Questions
If you have any employees, whether they are temporary, part-time, or full-time, most states will require you to carry workers compensation insurance. Depending on where you live, your state also may require that you carry it.
You can generally deduct the cost of your premiums when filing taxes for your business. For additional information on which business expenses are tax-deductible, we recommend speaking with an accountant.
The amount of coverage you’ll need will depend on a few factors, such as:
- The size of your business
- Your business’s location
- Your annual revenue
- And more
Our quote form lets you compare prices for different amounts of coverage, when available. If you have more questions, our licensed insurance agents are happy to assist you.
Your state may have different requirements for real estate agents than other states. Once you’ve determined your business needs, our quote process can help you compare prices for insurance that covers you in your specific state.
A general liability policy and workers compensation policy can cover:
- Bodily injury
- Accidents and damages
- Employee injuries
- Unintentional mistakes
- And more
The total cost of your policy will depend on a variety of factors, like the type of work you’re doing and if you have any employees. But in general, you can expect your policy costs to be determined by:
- Your employee count (including part-time and subcontractors)
- Where you’re located
- Your real estate services
- Employee payroll
- Yearly revenue
- And more
Curious to see how much your coverage may cost? To get started, click here to answer a few questions, browse free quotes, and compare policy prices.
If you offer other services, our licensed insurance agents can help you find the most comprehensive policy that fits your business needs.
Why Small Businesses Choose Simply Business
Small business insurance is what we do. Whether it’s covering you for accidents and errors, meeting workers’ comp requirements, or financially protecting your business from the unexpected, we can help find the coverage you need for your business.
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I went online, looked around, and found Simply Business. The process was so seamless. I got my certificate within minutes. It was just phenomenal.
Karen
Owner of Tangaza Bath & Body Studio LLC
With Simply Business I know I can look at different carriers, but also see all my stuff in the same place… a lot of [insurance] providers don’t offer a variety of coverage, all in one place.
Jef
Owner of Bunker83 LLC
It wasn’t overwhelming to figure out what was covered and what wasn’t covered. And the cost was competitive.
Kim
Owner of Room to Breathe Professional Organizing
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We partner with a range of top-rated carriers and use smart technology to match you with policies that fit your specific business, your risks, and budget.
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We’ve Got More Helpful Information
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*The displayed price for each product is a monthly estimate calculated from the 10th percentile of relevant policies sold by Simply Business (e.g., General Liability data is used for General Liability estimates). This estimate uses data from relevant policy sales between July–December 2025. Final price and payment terms, which may include an initial down payment, are subject to change based on your state, selected insurance provider, and specific business details.
† Limits may vary by state and nature of your business.
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