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Fairfield County Bank Insurance Services Blog

All You Ever Wanted to Know About Insurance

How to Protect Yourself as a Real Estate Agent

You may not think much about your liability as an individual agent, but you really should. Unfortunately, you may be exposed to significant risk in a host of situations which you may be unaware of. We’d like to outline them for you:

Injury (Physical)

You’ve probably heard of other agents dealing with a slip and fall at their listing and figured that it would never happen to you. The truth is that it’s bound to happen eventually and a prospective buyer can become a plaintiff in the blink of an eye. Here are a few of the third party exposures that a General Liability Policy will cover:

  • Attorney’s Fees
  • Settlements
  • Medical Expenses
  • Judgements (Court-ordered)
  • And more...

You should also be aware that General Liability Policies do not cover bodily harm or injury to employees.

Injury (Advertising)

Should you use digital advertising as a form of lead generation, or just for general business purposes, you may have some exposure there as well.  If you face a lawsuit over a logo or image that you use without proper permissions, it would be considered an advertising-related “injury”. In addition, libel, slander, and invasion of privacy are also included in this category.

Damage or Loss (Property)

Have you ever been worried that something might be damaged accidentally during an open house or a showing? You’re in luck! In most cases, third party damages or resulting legal fees will be covered by a General Liability Policy.

What’s not covered:

Injuries to you or one of your employees. This falls under Worker’s Compensation Insurance, which we would be more than happy to quote for you.

Disgruntled Clients. You do your best to inform clients and advocate for their best interests. However, they can feel differently about this and take you to court for a perceived inaccuracy or omission. This would fall under Errors and Omissions Insurance which we can also quote for you.

 If you have any questions about coverage or would like to investigate your insurance options please call, email, or use the quote button located on this page.