How Much Does Business Insurance Cost
for Real Estate Professionals?

One of the biggest challenges for many real estate professionals is not knowing what their income will be from one month to the next. The unknown can make it difficult to budget and make long-term financial decisions. Luckily, buying insurance doesn’t have to be an additional source of stress. We’ve assembled insurance cost data from the real estate business owners who have bought coverage with us in the last few years to give you an idea of what insurance policies cost for businesses like yours. You’ll get not only a rough estimate of what you can expect to pay for coverage but also of how similar you are to the other small real estate businesses shopping for insurance.

HOW MUCH IS
E&O Insurance?

How Much Is Errors and Omissions Insurance for Real Estate Professionals?

Small businesses in the real estate industry buy a variety of professional liability coverages, ranging from $250K / $250K to $2M / $2M, but the most frequently purchased plan is the $1M / $1M plan (54%).

Irrespective of policy limits, the average yearly cost of an Errors and Omissions Insurance policy for a real estate professional is $753.69, with a median cost of $663. The cost of these policies varies based on the limits you choose — policies that offer greater protection (i.e., higher limits) cost more than those that offer less protection (lower limits).

As expected, the cost of an E&O policy will vary based on the limits.

To see how the cost of Errors and Omissions Insurance for real estate professionals compares with other industries, visit Insureon's 2014 Professional Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
General Liability Insurance?

How Much Is General Liability Insurance for Real Estate Professionals?

Like businesses in most of the industries insureon serves, real estate professionals prefer General Liability Insurance policies with limits of $1 million / $2 million. To give you an idea of limit popularity among our real estate services customers:

  • 96% buy $1 million / $2 million.
  • 2% buy $2 million / $2 million.
  • 2% buy $2 million / $4 million.

The average price of a $1 million / $2 million General Liability Insurance policy for real estate professionals is $432.78, with a median price of $425.00.

To see how the cost of General Liability Insurance for real estate professionals compares with other industries, visit Insureon's 2014 General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a BOP?

How Much Is a Business Owner's Policy for Real Estate Professionals?

Most small real estate services businesses that choose the BOP (which bundles General Liability and Property Insurance) choose a $1 million / $2 million limit. The average annual cost is $882.12, and the median cost is $505.00.

HOW MUCH IS
Workers' Comp?

How Much Is Workers' Compensation Insurance for Real Estate Professionals?

Keep in mind that Workers' Compensation Insurance prices are determined largely by state laws and the number of employees you have. The average our real estate services customers pay per year for Workers' Comp is $604.04, with a median cost of $520.00.

To see how the cost of Workers' Compensation Insurance for real estate companies compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Insurance Cost Estimates for Real Estate Small Businesses

Sometimes all you're looking for is a ballpark estimate that will give you an idea of what you'll spend on insurance for your real estate company. For each quote below, we've listed a range of prices you can expect to pay for real estate E&O, General Liability, and other basic business insurance.

Choose your area of real estate to read a sample insurance quote:

Grab-n-Go Information

Real Estate E&O eBook
Errors, Omissions, Insurance - The Real Estate Professional's Guide to E&O Coverage
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Sample certificates
See a sample Certificate of Liability Insurance, the proof of coverage you need for most contracts.
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Sample Quotes & Cost Estimates
See what insurance really costs: actual quotes by policy & specialty.
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