Your real estate business helps North Carolina clients 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:
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.
Here are five essential coverages every real estate professional should consider to stay protected and profitable:
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:
REALTOR PROPERTY INSURANCE Helps repair or replace your office, furnishings and equipment if disaster strikes – like fire, theft, or vandalism.
BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily close your business due to covered property damage.
If you have three or more employees, North Carolina requires you to cover them with workers' comp. It covers medical care and lost wages for staff injured on the job – and shields you from most employee lawsuits. Examples:
North Carolina 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:
REAL ESTATE AGENTS AND BROKERS TYPICALLY PAY BETWEEN $410 – $485 A YEAR FOR PROFESSIONAL LIABILITY INSURANCE. WANT TO SEE HOW MUCH YOU CAN SAVE? CLICK HERE.
If you store client data, use online platforms, or manage digital transactions, you’re at risk for cyberattacks. Cyber insurance for realtors helps you recover from data breaches, pay regulatory fines and manage PR fallout. Examples:
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.
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 North Carolina – at no cost to you.
In minutes Mylo will: