Real Estate Office Insurance

Running a real estate office means managing risks tied to your physical workspace as well as liability connected to the professional advice and transactions your agents handle. Real estate office insurance may help cover your office and equipment, liability for client or visitor injuries and claims related to errors in professional services provided. Because real estate offices often employ multiple agents handling high value transactions, coverage is typically tailored to fit the size and scope of your brokerage.

What Does Real Estate Office Insurance Typically Cover?

Real estate office policies often combine several coverages into one package. Common coverages include:

• Errors and omissions coverage for claims related to mistakes in real estate transactions
• General liability for client or visitor injuries in your office
• Property coverage for your office space, furniture and equipment
• Cyber liability for breaches involving sensitive client information
• Workers’ compensation for employee injuries on the job

Is Real Estate Office Insurance Required in California?

California requires workers’ compensation insurance for any real estate office with employees. While errors and omissions coverage isn’t state mandated for all agents, many brokerages, MLS associations and clients require proof of coverage.

How Much Does Real Estate Office Insurance Cost?

Premiums vary based on factors like office size, number of agents, transaction volume and claims history. Ontario, CA real estate office owners can get an accurate quote by speaking directly with a licensed agent about their specific operation.