Broker Liability Insurance
One in five real estate agents and brokers will face a lawsuit during their career. Help your clients protect their professional reputation and financial stability with Alexander J. Wayne & Associates, Inc.'s Broker Liability Insurance program. As an experienced Excess & Surplus Lines broker, AJ Wayne places tailored real estate professional liability for agents, brokers and allied professionals using top-rated specialty carriers and targeted underwriting to match each client's exposure.
Overview of the Program from Alexander J. Wayne & Associates, Inc.
This program is designed to respond to common and specialty exposures in residential real estate practice—errors and omissions, personal injury (including libel and slander), discrimination allegations, pollution-related claims from property operations, and risks tied to lock boxes or subcontracted inspectors. AJ Wayne combines market access and underwriting experience to place straightforward accounts as well as harder-to-place risks through non-admitted carriers when necessary.
Ideal Accounts and Appetite
This program fits a broad range of real estate professionals, including:
- Real estate agents and brokers — residential
- Property managers and asset managers
- Home and lead paint inspectors
- Leasing agents and facilitators
- Mortgage brokers, bankers, and mortgage field representatives
- Residential real estate appraisers
- Real estate consultants and relocation consultants
Typical fits: single-office brokerages, independent home inspectors, small-to-midsize property management firms, and mortgage professionals without significant commercial exposure. Accounts with high-value commercial portfolios, known fraud allegations, or documented prior criminal acts may require special placement or are outside standard appetite — AJ Wayne can advise on those on a case-by-case basis.
Coverage Highlights and Advantages
- Independent Contractor Coverage: Options to extend protection to subcontracted inspectors and vendors.
- Lock Box Coverage: Includes property damage or loss arising from compromised lock boxes.
- Pollution Liability: Defense and indemnity for certain environmental claims tied to residential transactions or inspections.
- Discrimination Coverage: Defense for alleged discriminatory practices under fair housing or employment-related claims.
- Personal Injury: Libel, slander and other personal injury exposures — including online content.
- Punitive Damages: Available where insurable by jurisdiction and carrier.
- Automatic Acquired Subsidiary Coverage: Streamlines coverage for qualifying acquisitions.
- Common Ownership / Real Estate Equity Interest: Options to cover residential sales by affiliated developers or owned residential properties.
Underwriting Notes and Minimum Premium
Minimum premium for the program starts at $2,000. AJ Wayne works with a broad panel of specialty carriers to secure capacity and competitive terms. Representative markets include 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, and Landy. Many placements are available on a non-admitted basis to give flexibility for more complex or harder-to-place risks.
Territories and Availability
AJ Wayne offers this program nationwide. Coverage is available in all 50 states and Washington, D.C., with broad access in states such as CA, FL, NY, TX, IL, and WA. Availability is subject to carrier appetite and state-specific regulations.
Why Work With Alexander J. Wayne & Associates, Inc.?
As an Excess & Surplus Lines broker with deep ties to specialty markets, AJ Wayne provides agents and brokers with market access, underwriting insight, and placement support tailored to real estate professionals. We focus on fast, practical solutions for both routine accounts and more challenging risks—helping you secure appropriate coverage, defend client relationships, and close deals.
Example scenarios you might place through this program:
- A solo residential broker who needs E&O with online personal injury coverage after expanding marketing to social media.
- A small property management firm seeking pollution coverage and independent contractor protection for subcontracted maintenance vendors.
Call AJ Wayne today to discuss a specific account or to get guidance on documentation and submission requirements.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program fits a wide range of residential real estate professionals, including brokers, property managers, home inspectors, appraisers, and mortgage professionals. Small to mid-size firms are typically the best fit.
Is this coverage available in all states?
Yes. Coverage is available in all 50 states and Washington, D.C., subject to carrier appetite and state-specific rules.
What is the minimum premium for this program?
The program’s starting minimum premium is $2,000. Final pricing depends on class of business, limits, and risk characteristics.
Are independent contractors covered under this program?
Yes. The program includes options to extend coverage to independent contractors, such as subcontracted inspectors or vendors, where requested and underwritten.
Which carriers do you work with for this program?
AJ Wayne places this business with a wide range of specialty carriers including USLI, Travelers, Hiscox, Liberty, Gen Star, Axis, and many others on our panel.
Need help placing an account? Connect with a market specialist.