Your real estate business helps people navigate one of life's biggest decisions – buying or selling property. Whether you’re showing homes, negotiating contracts or managing listings, your work carries risk. Unfortunately, one surprise expense (an unhappy buyer who sues or an employee who has a concussion while showing a property) can threaten your success. We believe in your business and want you to have affordable insurance that meets state requirements and protects your property, team and income. This guide breaks down:

Coverages required in most states
The most recommended protections
Some typical costs of realtor insurance
How to save by comparing quotes from top-rated insurance carriers

SHORT SUMMARY (because we know you're busy making clients feel at home)

Real estate businesses face industry-specific risks that require customized insurance coverage.
A Business Owner’s Policy for realtors bundles general liability, property insurance and optional business interruption coverage.
General liability insurance covers injuries and damages caused by your business, as well as advertising-related claims.
Realtor property insurance helps replace or repair damaged office space, furnishings and equipment.
Workers’ compensation is required in most states if you have employees.
Professional liability for real estate agents and brokers protects against claims of negligence or harm from your services.
Commercial auto is required in most states to cover damages caused by the vehicle you use for tours, showings and more.
Commercial umbrella insurance for realtors provides extra coverage when other policies reach their limits.
Working with Mylo can help you find the right coverage at the best value!

FIVE BEST COVERAGES FOR REAL ESTATE AGENTS AND BROKERS

Here are five essential coverages every real estate professional should consider to stay protected and profitable:

1. Business Owner's Policy for real estate companies

A business owner’s policy (BOP) for real estate agents and brokers is a smart starting point. It bundles key coverages into one affordable package – ideal for new or growing businesses.

GENERAL LIABILITY FOR REALTORS Covers legal and medical costs if a client is injured or their property is damaged while you're providing services. It also protects you from advertising-related claims. Examples:

A client trips on a rug in your office and breaks a wrist
You accidentally damage a homeowner’s property during a showing
A competitor accuses you of false advertising

REALTOR PROPERTY INSURANCE Helps repair or replace your office, furnishings and equipment if disaster strikes – like fire, theft, or vandalism.

A fire damages your computers and client files
A break-in results in stolen laptops and marketing materials
A storm floods your office and ruins flooring

BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily close your business due to covered property damage.

month) for general liability if they purchase it separately. Ready to get your free quote now and see how much you can save on this and other coverages you may need? CLICK HERE

Q: What realtor and broker coverages are required?

Most states require commercial auto for any vehicle you operate in your business. If you have employees, you also usually need to carry workers' compensation. Most states don't require general liability, but many brokerages will. Many states require professional liability (and so do many brokerages).

Q: What realtor and broker coverages are recommended?

A money-saving Business Owner’s Policy bundles general liability (covers injuries and damages caused by your business), property insurance (helps you replace or repair damaged business property), and business interruption coverage (replaces lost income if you need to temporarily close your business due to covered property damage). Workers’ compensation is required in most states if you have employees and compensates injuries and illnesses on the job, protecting you from most employee lawsuits. Professional liability for real estate agents and brokers protects against claims of negligence or harm from your services. Commercial auto is required in most states to cover damages caused by the vehicle you use for tours, showings and more. Commercial umbrella insurance for realtors provides extra coverage when other policies reach their limits.

Q: What are some ways I can save money on insurance?

You may be able to bundle your most essential coverages (general liability, property and business interruption) in a money-saving Business Owner's Policy. In addition, Mylo makes it easy to compare the best quotes from multiple top-rated carriers so you can find the right coverage at the best value in your state.

Q: How do I get a Certificate of Insurance (COI)?

A Certificate of Insurance provides proof to your clients that they can do business with you and not be on the hook financially if something goes wrong. Once Mylo has helped you purchase a policy, you can request a free certificate of insurance (COI) directly from your new carrier. Contact information for your insurance carrier will be included in the email your Mylo agent sends out with your policy documents.

2. Workers' compensation for real estate employees (required in most states)

If you have employees, most states require you to carry workers' comp. It covers medical care and lost wages for staff injured on the job – and shields you from most employee lawsuits. Examples:

An agent injures a knee while showing a property
An office assistant trips over cords and suffers a concussion
A staff member develops carpal tunnel from repetitive tasks

REAL ESTATE AGENTS AND BROKERS TYPICALLY PAY BETWEEN $500-$550 A YEAR ($42-$46/MONTH) FOR WORKER'S COMPENSATION. TO GET YOUR FREE QUOTE, CLICK HERE.

3. Professional liability for real estate agents and brokers (required in many states)

Real estate agents and brokers are strongly advised to carry this coverage (also known as Errors and Omissions) because it protects against lawsuits related to your professional services. Examples:

A buyer sues over undisclosed foundation issues
A seller claims you misrepresented market value
A client accuses you of mishandling contract terms

REAL ESTATE AGENTS AND BROKERS TYPICALLY PAY BETWEEN $410–$950 A YEAR ($34-$79/MONTH) FOR PROFESSIONAL LIABILITY INSURANCE. WANT TO SEE HOW MUCH YOU CAN SAVE? CLICK HERE.

4. Commercial auto for real estate professionals

If you use a vehicle for business – including showings, client meetings, property tours and more – most states require you to carry commercial auto.

Helps pay for damages or injuries your vehicles cause to others or their property
Can also pay for physical damage to your vehicles (optional)

REAL ESTATE AGENTS AND BROKERS TYPICALLY PAY BETWEEN $1,400-$2,200 A YEAR ($117-$183/MONTH) FOR COMMERCIAL AUTO. TO COMPARE QUOTES AND SAVE, CLICK HERE.

5. Commercial umbrella insurance for realtors

Think of this as insurance for your insurance! A commercial umbrella insurance policy provides extra protection when your other key policies such as general liability reach their limits.

THE BEST INSURANCE FOR REAL ESTATE AGENTS AND BROKERS

Your amazing company deserves protection that keeps up with your business. Mylo has been innovating insurance for 10 years and provided over 100,000 policies to 75,000+ small business owners. Because we don't sell our own insurance, we can give you an objective recommendation and find you the best value in your state – at no cost to you.

In minutes Mylo will:

Recommend the right coverage for your real estate company
Compare quotes from top-rated insurance carriers
Find you the best combination of coverage and price
Keep you feeling confident about growing your business!

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Realtor and broker insurance FAQs

It's simple! You know real estate, we know insurance.

What realtor and broker coverages are required?

Most states require commercial auto for any vehicle you operate in your business.
If you have employees, you also usually need to carry workers' compensation.
Most states don't require general liability, but many brokerages will.
Many states require professional liability (and so do many brokerages).

What realtor and broker coverages are recommended?

A money-saving Business Owner’s Policy bundles general liability (covers injuries and damages caused by your business), property insurance (helps you replace or repair damaged business property), and business interruption coverage (replaces lost income if you need to temporarily close your business due to covered property damage).
Workers’ compensation is required in most states if you have employees and compensates injuries and illnesses on the job, protecting you from most employee lawsuits.
Professional liability for real estate agents and brokers protects against claims of negligence or harm from your services.
Commercial auto is required in most states to cover damages caused by the vehicle you use for tours, showings and more.
Commercial umbrella insurance for realtors provides extra coverage when other policies reach their limits.

What are some ways I can save money on insurance?

You may be able to bundle your most essential coverages (general liability, property and business interruption) in a money-saving Business Owner's Policy. In addition, Mylo makes it easy to compare the best quotes from multiple top-rated carriers so you can find the right coverage at the best value in your state.

How does Mylo find me a policy with the best value?

Mylo is a small business insurance expert who has been innovating insurance since 2015. We can quickly:

Recommend coverage customized to your business
Compare best quotes from top-rated business insurance companies
Find you the best combination of coverage and price.

What special risks do I have as a real estate agent or broker?

Your business is vulnerable to lawsuits from clients who claim you misrepresented a property, failed to communicate in a timely way or didn't act in their best financial interests. You may also take on employees who don't know the job as well as you do. Professional liability helps you handle surprise legal expenses connected to your services.

How much does realtor and broker insurance cost?

Real estate agents and brokers typically pay around $430 a year ($36/month) for a Business Owner's Policy and between $400-$1,500 a year (or $33-$125/month) for general liability if they purchase it separately.
Real estate agents and brokers typically pay between $410–$950 a year ($34-$79/month) for professional liability insurance.
Real estate agents and brokers typically pay between $1,400-$2,200 a year ($117-$183/month) FOR commercial auto.
Shop Mylo for an estimate on other coverages you may want

How do I get a Certificate of Insurance (COI)?

A Certificate of Insurance provides proof to your clients that they can do business with you and not be on the hook financially if something goes wrong. Once Mylo has helped you purchase a policy, you can request a free certificate of insurance (COI) directly from your new carrier. Contact information for your insurance carrier will be included in the email your Mylo agent sends out with your policy documents.

Get My Quote