General Liability Insurance for Real Estate Professionals

You can save up to 25% in discounts.*

How does General Liability insurance protect real estate professionals?

General liability insurance helps to protect real estate agents from common industry accidents and risks. Most real estate brokers have this insurance, and it’s the most common type of policy for small businesses and self-employed professionals.

People working in real estate interact closely with clients and frequently enter other people’s property. That creates a greater chance for certain accidents to occur, like a property manager accidentally leaving stains on a tenant’s expensive rug or a client falling and injuring their back on the stairs at a mortgage broker’s office. In situations like these, general liability insurance can cover related expenses, like replacing the rug or paying for the client’s medical bills.

business insurance for real estate

What does General Liability insurance for real estate businesses cover?

General liability insurance covers common accidents that can occur in the real estate industry, like damage to someone’s property. If you accidentally knock over an expensive vase during an open house, for example, general liability insurance could help to cover the cost of a repair or replacement.

In addition, you’ll get coverage for accidents which injure someone else (excluding employees, who can be covered under a workers’ compensation policy). If a client trips over a cord and injures their wrist during a visit to your office, this type of real estate agent insurance can help pay for their medical expenses.

With general liability insurance, real estate professionals get help covering a variety of costs, such as:

  • Injuries to people who are not employees
  • Damage to someone else’s property
  • Accusations of libel and slander

Learn more about what general liability insurance covers.

Why do real estate professionals need General Liability insurance?

One of the main types of risks that general liability insurance covers is damage to someone else’s property. Since real estate agents spend a considerable amount of time in other people’s homes or businesses, it’s important to have this insurance to help cover the costs of any accidental damage that may occur.

Real estate broker liability insurance allows you to protect your business so you can focus on your work without worrying about unexpected costs. Without this insurance, you might have to pay for expensive damages or medical bills out of pocket, which could put your business at risk.

In some states, real estate agents are required to have general liability insurance in order to get their professional license. Additionally, real estate businesses and clients often require agents to carry real estate agent liability insurance coverage.

What are some common risks faced by real estate professionals?

Here are some of the common risks real estate agents could be exposed to at work:

Damage to someone else’s property

While showing a home to clients, you accidentally spill coffee on an expensive rug. General liability insurance for real estate brokers can help cover the costs of cleaning or replacing it.

Accidents that hurt someone

A visitor to your office trips and falls on a rug in the lobby. General liability insurance provides protection for accidents that cause bodily injury to a third party by helping to cover related medical bills.

Court and legal fees

A client claims that you failed to inform them about a major issue with a property, like foundation problems or termite damage. Real estate E&O insurance can protect against accusations of negligence by helping to cover the legal costs.

Advertising harm

You take a photo of your clients in front of their newly purchased home and post them on your website. Your client sees the photos and sues you for invasion of privacy. E&O insurance can help cover your legal fees.

Libel, slander and defamation

In some of your advertising materials, you suggest that a competing real estate agent doesn’t have their clients’ best interests at heart. If that agent sues you, real estate liability insurance could help cover the ensuing legal costs.

How much does General Liability insurance for real estate professionals cost?

NEXT offers custom general liability insurance policies so you can get the right coverage for your business.

General liability costs between $66 to $85 for 44% of our customers at NEXT. But thanks to the limited risks in your line of work, you’ll likely pay significantly less. In fact, the median cost for real estate agent liability insurance is just $25 per month.**

Some of the factors which affect the cost of general liability insurance include:

  • How many employees you have
  • The state where you work
  • Your claims history
  • How long you’ve been in business
  • How high you set your limit

NEXT offers tailored business insurance for real estate professionals

NEXT makes it easy to get convenient, affordable liability insurance for your real estate business. It only takes a few minutes to find the coverage you need with our simple and straightforward services.

Everything can be done online using your computer or mobile device. Simply apply, compare insurance options, and purchase coverage to get your certificate of insurance.

Get an instant quote online today.

More about General Liability and Real Estate insurance

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I am so excited
I am totally excited about my new insurance for my small business. I am happy that the price was in a range that I can afford, the terms were easy to understand and it was so simple to purchase my first policy. I look forward to doing business with you in the future.
Curzella J.
Easiest insurance purchase – EVER!
I was looking around trying to compare insurance and I am so lucky I found NEXT. I was able to compare levels of coverage, and all the options, without pressure from a salesperson or time limits. I was able to check out prices and it was more coverage for less than the “traditional” company I looked at.
Michael W.
Happy small business owner!
I needed liability insurance for my new small business brick & mortar location. I got the run around from another company, but NEXT provided a competitive insurance quote in a timely manner. I now have the insurance that I need and it was stress-free!
Nicole E.
Let’s find the coverage you need for your business
Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.
General Liability insurance
General Liability
Protect yourself from accidents that cause physical injury or damaged property.
Professional Liability or Error and Omissions Insurance
Professional Liability/E&O
Shield yourself from lawsuits that claim your work errors caused financial losses.
Workers' Compensation Insurance
Workers’ Compensation
Cover medical bills and lost wages if your employees have an accident at work.
Commercial Auto Insurance
Commercial Auto
Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
Tools & Equipment Insurance
Tools & Equipment
Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.
Commercial Property Insurance
Commercial Property
Keep your building, inventory and equipment protected from fire or water damage.
Business Owner’s Policy Insurance
Business Owner’s Policy
Combine general liability and commercial property into one policy to protect your business.
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
**The cost data presented here are based on NEXT real estate business industry active customers who purchased general liability insurance policy over the previous 12 months. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in July 2022.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.

Any starting prices or premiums represented before an actual customer quote are not guaranteed and are representations of existing premiums of active policies as of December 6, 2023. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.