Since showing properties to potential buyers, hosting open houses, and attending networking events are all common in the real estate business, we also recommend general liability insurance coverage to many of the agents with whom we work. Crye-Leike Insurance offers customized real estate agent insurance to fit your needs; this includes both professional liability coverage and general liability coverage to ensure your small business is protected from risk. 

General liability insurance, sometimes called commercial general liability (CGL), could protect your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property. 

Although real estate agents often do not anticipate these types of issues arising in the normal course of their business, having general liability insurance coverage is valuable for real estate agents in several instances. Here are a few examples.

  • Bodily injury: A potential home buyer that you are meeting with trips and falls over a rug on your office floor and injures herself. Since the injuries were sustained in your office, you could be held liable for the costs of her recovery. 

Even the most seemingly minor slip-and-fall accident can result in substantial medical bills — bills that you could be responsible for paying if the injury occurred in your office. General liability insurance could protect you from third-party claims of bodily injury and associated medical costs. Be prepared for anything that comes your way with real estate agency insurance. 

  • Property damage: You are showing a client a home that contains a lot of expensive antiques. During the showing, you knock over an expensive vase which breaks. A general liability policy could cover the cost to replace the vase.

Accidents happen and it’s best to protect your business in advance. Request a real estate agent insurance quote from Crye-Leike Insurance. 

You can also learn more about general liability insurance on our website to decide whether this type of policy is beneficial for your business.

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