Professional Liability Insurance for Real Estate Professionals
Fox Point Programs offers a specialized Real Estate Agent Professional Liability Insurance program to help agents and brokers place Errors & Omissions (E&O) coverage for a broad range of real estate professionals. This professional liability coverage helps protect insureds from allegations of negligence, errors, or omissions arising from their real estate services. The program responds to both damages and defense costs, including legal fees and court expenses.
Ideal Accounts and Target Classes
This program is designed for agents placing accounts for firms and individuals involved in residential and commercial real estate, leasing, property management, and related services. Target classes include:
- Residential real estate agents and brokers
- Commercial real estate agents and brokers
- Leasing agencies
- Property managers
- Real estate appraisers* (limited to 10% of total revenue)
- Real estate auctioneers
- Real estate consultants
- Property preservationists
*If a client’s operations are 100% appraisal-related, contact Fox Point for their Appraiser-specific program.
Whether your client is a solo residential broker or a mid-sized property management firm, this program offers broad eligibility and options that can be tailored to different operations.
Coverage Highlights and Advantages
- Multiple limits and deductible choices to match client needs
- Defense costs paid outside the policy limits in applicable forms
- Customizable wording to address specific operations and exposures
- Access to underwriters experienced in real estate professional liability
The program is supported by a variety of carriers and is available on an admitted basis in most states to facilitate placement and regulatory compliance where applicable.
Underwriting Notes and Minimum Premiums
Underwriting emphasizes the insured’s operations, revenue mix, loss history, and controls. The program accepts main-street to mid-sized accounts; appetite and specific eligibility will depend on class, gross revenue, claims history, and location. Appraiser revenue is capped at 10% unless submitted to the Appraiser-specific program.
Download the Application:
Real Estate Full Application
Minimum premiums vary by class, size, and state. Submit a completed application so Fox Point’s underwriting team can provide specific minimums and pricing guidance.
Territories and Availability
The program is available in most U.S. states, including but not limited to CA, TX, FL, NY, IL, and NJ. Confirm admitted vs. non-admitted availability and any state-specific restrictions at submission.
Why Work With Fox Point Programs?
Fox Point Programs is a Managing General Agency with focused expertise in professional liability. Working with Fox Point gives you:
- Streamlined underwriting built for real estate operations
- Multiple carrier relationships to help place a variety of risks
- Responsive service and real-estate-focused underwriting guidance
- Flexibility for main-street agents up to mid-sized firms
Frequently Asked Questions
What types of accounts are a good fit for this program?
Good fits include residential and commercial agents and brokers, leasing agencies, property managers, auctioneers, consultants, and other real estate professionals. Appraisal services are acceptable only up to 10% of total revenue under this program.
Is this coverage admitted in all states?
The program is offered on an admitted basis in most states. Confirm state availability and admitted status during submission.
Can I submit an account with 100% appraisal revenue?
No. This program limits appraisal-related revenue to 10%. For full-appraiser risks, submit to Fox Point’s Appraiser-specific program.
What are the minimum premium requirements?
Minimum premiums depend on class, size, and location. Provide a completed application so underwriting can determine the applicable minimums.
How do I start the submission process?
Begin by completing the Real Estate Full Application and submitting it to Fox Point for underwriting review. Underwriters will follow up with any additional requirements.
Need help placing an account? Connect with a market specialist.