Real Estate Brokerage Insurance Coverage Checklist
The coverages a real estate brokerage business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for real estate brokerage firms. Priorities reflect typical exposure for this class; confirm against transaction mix, agent structure, and affiliated businesses.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Real Estate Errors & Omissions | Covers claims from buyers and sellers for misrepresentation, nondisclosure, and breach of duty. Check for antitrust and commission exclusions. | Core | |
| Cyber Liability & Social Engineering | Covers data breaches and funds lost to wire fraud and email impersonation. | Core | |
| Crime / Fidelity | Covers theft of trust or escrow funds by employees or agents. | Prevalent | |
| Commercial General Liability | Covers office premises, and open houses and events the brokerage sponsors. | Core | |
| Employment Practices Liability | Covers staff claims and misclassification claims by independent-contractor agents. | Prevalent | |
| Hired & Non-Owned Auto | Covers the brokerage when agents drive clients in personal vehicles. | Prevalent | |
| Directors & Officers / Management Liability | Covers owners and managers, including some antitrust and regulatory claims where available. | Situational | |
| TCPA / Regulatory Coverage | Confirms whether call and text claims are covered — often excluded from E&O and GL. | Situational |
The coverage gap most often missed
The most commonly missed gap for this class is antitrust and commission claims. The NAR settlement changed how commissions work, and copycat suits keep naming individual brokerages — yet many real estate E&O policies exclude antitrust claims entirely. Brokerages should confirm whether their policy responds, whether they're released under any settlement, and whether written buyer agreements are used on every transaction. Wire fraud is the other fast-growing loss: FBI data shows $275 million in real estate losses in 2025, and E&O policies often exclude funds-transfer fraud unless cyber or crime coverage is added.
Send us the checklist and we'll review your real estate brokerage coverage line by line, then market it across multiple carriers that compete for your account.
Related: Real Estate Brokerage Insurance · Real Estate Brokerage Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a real estate brokerage business need?
The core coverages for a real estate brokerage business are Real Estate Errors & Omissions, Cyber Liability & Social Engineering, Commercial General Liability. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my real estate brokerage coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.