StandardVerified Q1 2026
Source: Progressive Commercial — Business Insurance
Progressive Commercial: Real Estate Insurance Appetite
Progressive works well for small real estate agencies and property managers with modest portfolios. Their BOP handles the office exposure, and commercial property can cover small rental portfolios. For E&O coverage, agents should look to Travelers or a specialty real estate E&O market.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Commercial Property |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
Premium Range
$1,800-$10,000
Typical annual premium
Target States
49 states (not available in Hawaii)
Key Features
- BOP covers real estate offices, property management firms, and small landlords
- Commercial property coverage for owned office buildings and small portfolios
- Commercial auto for agents and property managers who drive to showings
- Competitive rates for habitational risks under 20 units
Limitations
- Large apartment complexes over 50 units need specialty habitational markets
- No coverage for real estate developers during active construction phases
- Professional liability (E&O) for agents and brokers must be placed separately
Compare Other Carriers for Real Estate
TravelersStandard
$3,000-$20,000
CNAPreferred
$4,000-$25,000
HiscoxStandard
$600-$4,000
ERGO NEXT InsurancePreferred
$500-$3,000
The HartfordStandard
$2,500-$20,000
EMPLOYERS HoldingsStandard
$600-$4,000
AcuityStandard
$2,000-$12,000
Erie InsuranceStandard
$2,000-$10,000
biBERKPreferred
$1,000-$8,000
AmTrust Financial ServicesStandard
$1,500-$10,000
BTISPreferred
$2,000-$15,000
Pie InsuranceStandard
$500-$4,000
NationwidePreferred
$1,500-$12,000
Liberty MutualStandard
$2,000-$15,000
ChubbPreferred
$3,000-$25,000
Cincinnati FinancialStandard
$1,500-$12,000
Hanover InsuranceStandard
$1,500-$12,000
Auto-Owners InsuranceStandard
$1,200-$10,000
Guard Insurance GroupStandard
$1,200-$8,000
Markel CorporationStandard
$3,000-$20,000
Coterie InsuranceStandard
$500-$3,000
Selective Insurance GroupStandard
$3,000-$40,000
Kinsale Capital GroupStandard
$3,000-$40,000
InsureonStandard
$400-$5,000