Insurance for Real Estate Agents
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Policies available to meet requirements of leading Real Estate associations
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What is real estate agent insurance?
Real estate agent insurance options help you manage the cost of everyday risks, like lawsuits, accidental property damage and cyberattacks.
There are many risks that 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. Our tailored insurance is designed specifically for real estate professionals to help protect against costly lawsuits, compensation claims, and other expected costs.
Do real estate agents need insurance?
Professional Indemnity insurance is a legal requirement for real estate agents in several states and territories.
Real estate agents and property businesses may also need insurance to pay unexpected bills that could empty their bank accounts
Obtain 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
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What does real estate agent insurance cover?
We offer a range of cover options designed to protect your business, professional reputation, assets, and more.
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 per month 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
BizCover offers flexible cover limits, including Professional Indemnity up to $10 million and Public Liability up to $20 million.
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 over yourself, 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 over yourself, 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
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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
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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.
Award-Winning Tech & People
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 By Purchasing a 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, 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
Manjil’s knowledge and patience was excellent. He explained everything in detail step by step and and even checked few different options with and without contractor and employee etc.. overall 5 Stars.
Amit
The phone was answered promptly without a long wait which was instantly refreshing. I spoke to NJ who was happy and helpful. He went above and beyond to assist me. Thank you so much, other businesses could learn a lot from BizCover and wonderful NJ
Tanya
Easy and cost effective
John
The whole system is so streamlined, the reminder a month out, getting quotes immediately and being able to finalise it
Luanne
Real-life customer reviews verified by Feefo