As a real estate broker, part of the excitement of your line of work is being able to help people find the properties that will make their dreams come true. Whether you specialize in residential spaces or you’re more involved in the ups and downs of the commercial industry, you absolutely must consider your own protection in this field. Brokers may help people find real estate, but they also put themselves at risk for a number of complicated legal problems. This is where the right insurance comes into play.
Begin With Liability Coverage
First, you want to make sure you have real estate broker professional liability insurance. Brokers typically have several agents working under them. Professional liability coverage not only protects the broker, but also the individuals who work beneath the broker. What’s more, your standard liability package will include errors and omissions coverage, helping you with some of the more commonplace problems of your industry. Additional points to focus on with your plan can include:
- Protection for subcontractors and other visitors
- Directors and officers insurance
- Property insurance for your company offices
Get Started Today
By looking at a number of different fronts when selecting your insurance coverage, you can see better results from your efforts. Find what works best for you and keep yourself safe while helping others find properties they adore.