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Alexander J. Wayne & Associates, Inc.
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Alexander J. Wayne & Associates, Inc.
Contact Us
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Real Estate Agent Insurance

Real Estate Agent Insurance Program from Alexander J. Wayne & Associates, Inc.

One in every five real estate agents or brokers will face a lawsuit during their career—don’t let your clients become just another statistic. Alexander J. Wayne & Associates, Inc. offers a dedicated Real Estate Agent Insurance program designed to meet the unique challenges and risks faced by professionals in today’s evolving real estate landscape. We understand the wide range of roles within the real estate industry and have built a program to serve them all—from residential brokers to property managers to home inspectors. With strong carrier relationships and underwriting expertise, we can help you place both standard and hard-to-place risks.

Ideal Accounts and Eligible Classes

Our program is tailored to cover a broad spectrum of real estate professionals, including: • Asset Managers
• Facilitators
• Lead Paint Inspectors
• Mortgage Bankers and Mortgage Brokers
• Mortgage Field Representatives
• Residential Real Estate Agents / Brokers
• Real Estate Consultants
• Home Inspectors
• Leasing Agents
• Property Managers
• Residential Real Estate Appraisers
• Relocation Consultants If you work with real estate professionals who operate independently, manage multiple properties, or provide inspection or consulting services, this program is built to help you meet their diverse insurance needs.

Coverage Highlights and Policy Enhancements

Our Real Estate Agent Insurance program offers comprehensive coverage options, including several valuable enhancements that address real-world exposures: • Coverage for Independent Contractors: Extends protection to 1099 real estate professionals.
• Lock Box Coverage: Covers property damage caused by compromised lock boxes.
• Pollution Coverage: Provides protection against environmental hazards or contamination claims.
• Discrimination Coverage: Protects against allegations of discrimination in hiring or client interactions.
• Personal Injury Coverage: Covers libel, slander, and defamation, especially relevant for online content.
• Punitive Damages Coverage: Included where insurable by law.
• Automatic Coverage for Acquired Subsidiaries: Streamlines coverage for small acquisitions.
• Common Ownership: Covers residential property sales involving affiliated development firms.
• Real Estate Equity Interest: Extends coverage to sales of owned residential property. This program is especially valuable for clients who manage multiple properties, operate as part of a team of contractors, or have exposure to discrimination or professional liability claims.

Underwriting Notes and Minimum Premium

We offer flexible underwriting for both standard and hard-to-place risks. Most markets are available on a non-admitted basis, allowing us to tailor coverage to meet specific client needs.
  • Minimum Premium: $2,000
  • Admitted Status: Most Available Markets
  • Available Carriers: E-risk, Chartis, BRP, PRF, Axis, Schinnerer, Brown and Brown, Gen Star, Hiscox, Kinsale, Lexington, Liberty, US Risk, Houston Casualty, Shand, Specialty Global, USLI, Travelers, Tudor, Pearl Program, Landy

Territories and State Availability

This program is available in most U.S. states, including but not limited to: CA, TX, NY, FL, IL, GA, AZ, CO, WA, and more. We offer national reach with localized underwriting support.

Why Work With Alexander J. Wayne & Associates, Inc.?

As an experienced Excess & Surplus Lines Broker, Alexander J. Wayne & Associates, Inc. brings decades of experience in placing professional liability and E&O risks. Our Real Estate Agent Insurance program combines underwriting expertise with access to a wide range of carriers, helping agents and brokers like you place coverage that fits your client’s operations and risk profile. Whether you’re working with a startup residential broker or a large firm with multiple affiliated services, we’re here to help you find the right coverage solution.

Contact us today to learn more about placing real estate risks through our program.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for real estate agents, brokers, appraisers, property managers, inspectors, and other professionals in residential real estate. Independent contractors and firms with multiple service lines are also a strong fit.

Is coverage available for hard-to-place or high-risk clients?

Yes, our program is designed to accommodate both standard and hard-to-place risks. We work with a wide range of carriers to help you find solutions for complex exposures.

Are independent contractors covered under this policy?

Yes, we offer specific coverage extensions for independent contractors, ensuring they are protected when operating under your client’s business entity.

What is the minimum premium for this program?

The minimum premium for our Real Estate Agent Insurance program is $2,000, subject to underwriting and risk details.

In which states is this program available?

Our program is available in most U.S. states, including CA, TX, FL, NY, IL, and many others. Contact us for specific state eligibility or restrictions.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Excess & Surplus Lines Broker
  • Admitted:
    Most Available Markets
  • Carriers:
  • Carrier Ratings:
    "A"
  • Commission:
    10% plus
  • Min Premium:
    $2,000

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CONTACT INFORMATION

LOCATION

2551 N Clark, Suite 601
Chicago, AK 60614
773-328-1254
0D74940
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Online Quoting

AGENCY LICENSING

If you are a new producer, we require a copy of the individual and agency producer license in your state. We do not require any contract or producer agreement. We have no minimum premium volume required in order to place coverage through our agency.

We can file the Surplus Lines tax in all States except: AL, KY, MS, NM, ND, SD

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Alexander J. Wayne & Associates, Inc. has other insurance programs like Architects and Engineers Professional Liability Insurance.