Insurance for Real Estate Agents
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What is real estate agent insurance?
Real estate agent insurance (the insurance cover options available to real estate and property businesses) helps you manage the cost of everyday risks, like lawsuits, accidental property damage and cyberattacks.
Almost anything can happen when it comes to the sale and management of client properties. Risks like property damage, cyberattack, or a broken laptop could affect your ability to run your business.
Paying these and other unplanned bills out of pocket could strain your finances. That’s why many real estate agents and brokers consider business insurance.
Why do real estate agents need insurance?
Real estate agents and property businesses may need insurance to meet industry requirements and pay unexpected bills that could drain their bank accounts.
Receive and maintain a real estate license
Replace damaged equipment, such as a laptop
Manage a cyberattack
Pay legal costs if you face a liability claim
Let’s cover your small business on the go
Start a quote to see how much you can save and buy online in minutes.
What types of insurance do real estate agents need?
We offer a range of cover options designed to protect your business, professional reputation
Popular cover for real estate agents:
Real estate agents may also consider:
How much does insurance for real estate agents cost?
The average monthly cost of a business insurance for real estate agents is $115* with BizCover. However, the premiums you pay will depend on many factors, such as your revenue and cover amount.
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below. This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
5 easy steps to get instant cover online today
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5 Steps to get your biz insured:
- Enter Occupation
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- Choose Cover(s)
Select the cover you need
- Business Details
Tell us about your business
- Compare Quotes
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- Get Cover Today
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
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We’re not ones to blow our own trumpet, but we are pretty proud of our innovative insurance platform, outstanding team, and stellar workplace.
See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Depending on where you work, Professional Indemnity insurance may be required to obtain a real estate license or necessary to join professional real estate associations. For example, all real estate agents in NSW must have Professional Indemnity insurance.
Even if it’s not a legal requirement in your state or territory, it may still be worthwhile considering, as professional indemnity claims and lawsuits can be expensive.
Public Liability insurance is designed to provide protection for your real estate business in the event someone is injured or sustains property damage due to your negligent business activities. A Public Liability policy can cover you whether you’re showing a home or meeting with clients in your office.
Professional Indemnity and Public Liability policies help real estate agents manage common, yet different, industry risks.
Professional Indemnity insurance can help you manage compensation claims and legal fees that arise due to errors or omissions in your professional advice or services.
Every real estate agent is unique, and so are their business insurance needs. Beyond the most popular types of insurance that real estate agents consider (Professional Indemnity and Public Liability), you might also consider:
- A Business Insurance Pack is a customisable package designed to provide cover that meets your needs. This could include covers like Portable Equipment, Tax Audit or Business Interruption insurance.
- Cyber insurance helps to cover losses from claims due to cyberattacks and other cyber incidents.
- Management Liability insurance policy could help you handle WHS risks, unfair dismissal claims, and other risks associated with running your real estate business.
Hear from our customers
Real-life customer reviews verified by Feefo
Really easy and no long forms or wait times like other providers of PI.
Phillip B
Organised my business insurance within 5 minutes. Easy to understand system and no mucking around.
Michael K
Unbelievably easy, outstanding value, and immediate. I cannot fault this in any way
Clint W
Very convenient, good selection of varying products and prices
Judi B
Real-life customer reviews verified by Feefo