Real estate firms face a number of insurance challenges that are unique to the industry. These issues include discrimination charges, environmental hazards, pollution cleanup, leasing situations, privacy issues and more. Professional liability insurance programs for real estate firms must be focused on the needs of this particular industry, making it especially important for these businesses to partner with an insurance broker with industry-specific knowledge and experience.
Coverages for real estate firms can be varied and complex, including such areas as licensing claims, fair housing, property management, business brokerage and lock box. Getting affordable and comprehensive coverage allows a firm to operate with confidence, knowing that it is protected in a variety of situations and areas. A strong policy shouldn’t leave any gaps in coverage or exposure to unnecessary risk. By working with an insurance broker that offers range of programs, a real estate firm can solidify its financial security and look forward to success in this competitive field.
Professional liability insurance programs for real estate firms can be purchased through a variety of insurance companies throughout the United States. Finding the right one involves some research and reading about the insurance products offered as well as the premiums that are charged. The right company should exhibit honesty, integrity, experience and customer service excellence.