Real Estate Agent Insurance

Our real estate agent insurance packages are designed to protect your business from a variety of risks and help you save money to grow your business. You can be protected from financial losses related to:

Damage to someone’s property

While showing a home, a faucet is left on and causes water damage. The general liability coverage in your insurance package could help pay for a repairs.**

Accidents that hurt someone

A client arrives at your office and slips and falls on the wet tile floor. Your general liability coverage could also come into play here by helping to pay for medical costs and legal fees.

Professional mistakes

A client claims that you didn't show them homes in certain areas based on their appearance. Real estate E&O coverage could pay for some of the expenses to defend yourself, even if the accusation is untrue.

Workplace injuries

You bash your head in an unfinished basement during a viewing and sustain a concussion and head wound that requires stitches. Workers’ compensation coverage with business owner’s coverage can help cover medical bills and lost wages. Workers’ comp is usually required by law if you have employees.

Damage to your own property

A water pipe bursts in your brokerage office and floods the unit. Commercial property insurance can help with replacement or repair costs if your owned or leased property is damaged due to a covered event.

It takes about 10 minutes to get a business insurance quote online with ERGO NEXT. We’ll ask a few questions about your business — like what you do, your location, what type of events you sell at, how many people you employ and the vehicles you use for work. You’ll choose your options and see prices. If you like what you see, you can buy online and get a certificate of insurance (proof of insurance) on the spot.

Once you have a ERGO NEXT policy, you’ll have 24/7 access to proof of your insurance (also called a certificate of insurance, or COI) via web or app. Log in to your account, download your COI instantly or deliver it via email or text at no additional cost. Get unlimited certificates and add an additional insured as you need them.

If you’re a policyholder, simply log in to your account and file a claim. We’ll contact you shortly to go over the details. Our support team is standing by to help.

NEXT’s real estate E&O policy covers residential and commercial transactions and includes a variety of covered professional services, such as real estate sales, property management and appraisals. There are several ways E&O insurance can help real estate agents, including helping to cover expenses related to court costs, lawyer fees and any judgments or settlements against you.

Making a mistake that affects a sale

For example, if a problem with a house is discovered after negotiations have begun, you could be accused of not disclosing that information. If your client decides to sue you, your real estate E&O coverage could help pay for related expenses.**

Not fulfilling promises

For example, if a buyer believes that you didn’t negotiate a low enough price on a house and they decide to sue. Or if a buyer misinterprets your advice about having to cover closing costs and they end up with unexpected fees.

Accusations of indifference or neglect

For example, you may be called negligent if you fail to provide a client with all the necessary paperwork they need to make an informed decision. Or if there is a zoning issue on a piece of property you didn’t know about, your client could claim you should have done your due diligence to find out that information before it was too late. E&O coverage can also help pay for legal costs related to defending yourself in a disciplinary hearing if a complaint is filed against you.