Insurance for Real Estate Agents

Why may real estate agents need insurance?

Almost anything can happen when you’re showing, selling and managing client properties. Things such as a lawsuit, property damage or even a cyberattack targeting your agency could affect your ability to run your business. That’s why business insurance could be a smart investment for real estate agents, realtors and brokers.

What types of business insurance might real estate agents need?

Professional Indemnity insurance

Depending on where you work, Professional Indemnity insurance* may be required to obtain a real estate license or necessary to join professional real estate associations. Even if it’s not a legal requirement, it may still be worthwhile considering.

Professional Indemnity insurance can help you manage compensation claims and legal fees that arise due to errors or omissions in your professional advice or services.

Public Liability insurance

Accidental damage to a client’s belongings, a trip and fall injury… anything can happen when you’re showing a home or meeting with clients in your office. Public Liability insurance* is designed to provide protection for your real estate business in the event someone is injured or sustains property damage due to your negligent business activities.

Business Insurance

Undoubtedly, your customers are an integral part of your business. But other aspects – such as your business equipment and commercial premises – are equally important. A Business Insurance Pack is a customisable package designed to provide cover that meets your needs. This could include covers like Portable Equipment, Tax Audit or Business Interruption insurance.

Cyber Insurance

Real estate agencies make tempting targets for cybercriminals. As an agent, you have access to a huge database of client information. If this data was compromised, your business’s reputation and profitability could be severely impacted. Cyber insurance* helps to cover losses from claims due to cyberattacks and other cyber incidents.