Real estate agent insurance is dominated by professional liability (errors & omissions) — the coverage that protects against claims of misrepresentation, missed disclosures, contract errors, and breach of fiduciary duty. Insureon's agent and broker customers pay a median $59/month for E&O, $33 for general liability and $58 for a business owner's policy. Most agents need little beyond E&O unless they run an office or employ staff.
Most real estate businesses pay about $59 a month for professional liability and $58 a month for a business owner's policy (BOP), based on Insureon's figures for its own customers.
Price is one part of it. Our real estate agent insurance guide covers which policies you need and why.
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Real Estate Agent Insurance Cost Breakdown
Premiums from Insureon's 2026 real estate agent cost data for its own customers (Insureon calls them averages; its method note describes median premiums):
| Coverage | Average Monthly | Average Annual |
|---|---|---|
| General liability (GL) | $33/mo | $400/yr |
| Business owners policy (BOP) | $58/mo | $692/yr |
| Workers' compensation | $41/mo | $489/yr |
| Professional liability (E&O) | $59/mo | $708/yr |
Related Guides for Real Estate Agent Insurance
For the coverages real estate businesses need and what insurers ask before they quote, see our real estate agent insurance guide.
What Drives Real Estate Agent Insurance Cost Up or Down
- Transaction volume and average sale price
- Type of properties (residential vs commercial vs luxury)
- Claims history
- State: Insureon's agent and broker customers pay a median $53/month for E&O in Florida, $59 in New York and $48 in California
- Whether you're a brokerage owner vs salaried agent
- Coverage limits required by brokerage or contract
How to Lower Your Real Estate Agent Insurance Cost
- Maintain detailed transaction documentation
- Use your state's standard disclosure forms and keep signed copies
- Maintain current real estate license and continuing education
- Group through your brokerage if available — group rates often lower
- Get E&O quotes from more than one insurer, and compare limits and deductible, not just price
Frequently Asked Questions
How much does real estate agent insurance cost?
Per Insureon's 2026 data, general liability averages $33/month ($400/year), a business owners policy averages $58/month, workers' compensation runs $41/month. Total premium depends on revenue, employees, state, and claims history.
What insurance do I need as a real estate agent?
Most real estate businesses need: general liability (often bundled into a business owners policy), workers' compensation once you have any employees, professional liability (E&O) if you provide advice or deliverables. The specific mix depends on your operations, employee count, and any contractual requirements from clients or vendors.
How long does it take real estate businesses to get insurance quotes?
It depends on how many policies real estate businesses need and how quickly you can supply the details. Chubb says a basic online quote often takes only a few minutes for a simple business. Workers' comp takes longer to price because the insurer needs your payroll for each type of job. Professional liability usually needs a short application about the services you provide and any past claims. Having these details ready is the fastest way to get quotes; see what you need for a business insurance quote.
Should real estate businesses buy insurance direct or through an agent?
Either can work for real estate businesses. Buying direct from an insurer online suits a simple business that needs one or two policies. An agent or broker who compares several insurers helps most when you have employees and need workers' comp, because you are buying several policies at once. Neither route is cheaper by default: each insurer prices its own business types and states, so comparing quotes is the only way to know.
Why is real estate E&O so important?
Real estate transactions create high-dollar claim exposure. Failure to disclose a material defect, miscalculation of square footage, errors in a contract, or breach of fiduciary duty can produce six-figure claims. The standard CGL excludes professional services entirely — E&O is the only coverage.
Does my brokerage's E&O cover me as an agent?
Sometimes — depends on the brokerage's policy structure. Most brokerage E&O policies cover the brokerage entity and named agents, but coverage for individual agent acts varies. Many agents carry their own "tail" or supplemental coverage to protect against gaps. Verify with your brokerage what's covered and consider personal E&O if there are exclusions for your specific transaction types.