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’ll 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 would 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 would 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.

We keep it simple and straightforward so you can find the coverage that’s right for you within a few minutes. When you start a quote for insurance, we’ll ask you a few basic questions about your business, including: the kind of services you provide, the location of your office or where you plan to work, how many people you employ and how much you pay them and the number and type of vehicles you use for work.

You’ll have instant access to your certificate of insurance 24/7 from your computer or mobile device when you purchase coverage with NEXT. There’s no waiting for anyone, no need to print anything and definitely no fax machines. If you’re a new or current NEXT Insurance customer, all you need to do is log in to your account and your Live Certificate delivers you the proof of insurance you need instantly, for free. You can easily share your COI with anyone via email, text message or a social media post. We provide unlimited certificates and you can also add an additional insured for free. If you decide to change your coverage, your certificate will be automatically updated. Find out more details about your certificate of insurance.

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.