Insurance Considerations for Real Estate Agents

As real estate professionals in Texas, each transaction brings both opportunity and risk. Whether you’re helping clients buy their dream home or managing commercial properties, it’s essential to protect your business from the unexpected. At Associated Insurance, our team understands the unique challenges real estate agents and brokers face, and we’re here to help you navigate your insurance options with confidence.

Understanding the Risks in Real Estate

Real estate agents operate in a fast-paced environment where even a small oversight can lead to significant financial consequences. Common risks include:

• Allegations of professional errors or omissions
• Accidental property damage during showings
• Injuries to clients or third parties on listed properties
• Data breaches or cyber incidents involving client information

Without adequate insurance, these risks can threaten your reputation and livelihood.

Key Insurance Coverages for Real Estate Agents in Weatherford, TX

To help financially safeguard your business, consider these essential types of coverage:

• Errors and omissions (E&O) insurance—This coverage, also known as professional liability insurance, can offer financial support if a client claims you made a mistake, gave incorrect advice, or failed to disclose important information during a transaction.
• General liability insurance—This coverage can help with costs (e.g., medical bills, legal fees or property repairs) if someone is injured or their property is damaged as a result of your business activities, such as during an open house or property showing.
• Cyber liability insurance—This coverage can assist with the costs related to data breaches or cyberattacks, helping protect your business as more transactions and communications move online.
• Business owner’s policy (BOP)—This policy typically combines general liability, business income coverage and property insurance, with options to add other coverages for broader protection of your office, equipment, and daily operations.

Why Work With Associated Insurance?

Our team specializes in helping Texas real estate professionals assess their risks and secure tailored insurance solutions. We take the time to understand your business, explain your options and check that your coverage aligns with your operational needs. Speak to us today to discuss your insurance requirements.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.