Real estate agents, brokers, and property managers face a growing blend of professional and property-management exposures as business models evolve. Donald Gaddis Company offers a flexible Real Estate Agents Insurance program designed to help you place accounts that require tailored E&O protection—especially firms that combine sales, leasing, and third-party property management.
Ideal Accounts and Appetite
This program is intended for residential and commercial real estate professionals whose operations include one or more of the following:
- Residential agents with light to moderate property management responsibilities
- Agents and brokers in resort or coastal markets who manage short-term rentals
- Commercial brokers seeking E&O with GL-style enhancements
- Property managers handling residential or mixed-use buildings for third-party owners
Typical fits: firms with straightforward transaction volumes, mixed sales/management duties, or programs that need discrete sub-limits for lockbox or environmental exposures. Accounts with high-hazard property management (e.g., full-service multifamily operations with on-site maintenance staff and large tenant rosters) may require specialized markets outside this program.
Coverage Highlights and Advantages
Donald Gaddis Company places this program with a fluid list of carriers to address common exposures real estate professionals confront, including:
- Misrepresentation — Defense and indemnity for claims alleging incorrect or incomplete information provided to buyers or tenants.
- Lockbox liability — Available sub-limits for claims arising from property access issues.
- Environmental exposures — Protection for undisclosed issues such as septic failures or historical soil contamination.
- Contractual errors — Coverage for mistakes in contracts, late submissions, or negligent vendor referrals.
- Property management liability — Defense for suits brought by property owners and tenants related to management services.
- Tenant discrimination — Offered by select carriers via separate limits or modified exclusions.
We work with you to identify policy wording and endorsements that align with each client’s operational footprint and risk appetite.
Underwriting Notes and Minimum Premiums
Programs are competitively priced and start as low as $400 for many residential agents and approximately $1,000 for commercial agents, depending on location and exposure. Underwriting focuses on transaction volume, prior claims or disciplinary history, property management duties, and whether short-term rentals are managed. Clear, complete submissions with details on management activity, screening procedures, and contracts improve placement speed and market options.
Territories and Availability
Donald Gaddis Company offers this Real Estate Agents E&O program in most states, including: AL, AZ, CA, CO, FL, GA, HI, IL, IN, IA, KS, MI, MN, MO, NE, NY, NC, OH, OK, PA, SC, TN, TX, VA, WV, and WI. Admitted markets are available in many of these states depending on the risk and carrier appetite.
Why Work With Donald Gaddis Company?
As a wholesale broker with deep experience in professional liability and real estate exposures, Donald Gaddis Company pairs carrier access with hands-on underwriting guidance. You gain:
- Access to a fluid panel of carriers that can offer admitted and non-admitted solutions depending on the state and risk
- Practical placement advice to match coverage form and limits to the client’s duties
- Assistance negotiating endorsements for lockbox, environmental, and tenant-related exposures
Whether your client is a suburban residential agent adding property management, a coastal agent managing short-term rentals, or a commercial broker seeking E&O with GL-style enhancements, Donald Gaddis Company helps you identify the right market and policy language.
Example Account Scenarios
- You have a small residential brokerage in a beach town that lists homes and manages several short-term rentals for absentee owners — this program can provide E&O with lockbox and environmental considerations.
- You represent a commercial broker who performs leasing and property oversight for several mixed-use properties and needs E&O with property management liability included — we can target carriers that offer those combined features.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Residential agents, commercial brokers, and property managers with light to moderate management duties—especially those with mixed sales and management roles—are an excellent fit.
Does this program include tenant discrimination coverage?
Yes—some carriers in our panel offer tenant discrimination coverage via separate limits or modified exclusions. We’ll identify the appropriate carrier during placement.
Are both residential and commercial agents eligible?
Yes. We place both residential and commercial real estate professionals; minimum premiums and available enhancements vary by account type and location.
Is this program available nationwide?
The program is available in most states listed above, with admitted markets offered in many of them depending on carrier appetite and the specific risk.
Can this policy cover agents who also manage rental properties?
Absolutely. The program is designed to cover agents who also perform property management, including short-term rental management in appropriate markets.
Need help placing an account? Connect with a market specialist.