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Grit Insurance Group
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REAL ESTATE BROKERAGES

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Protect Your Brokerage with Customized Insurance Solutions

According to the National Association of Realtors, there are 181 steps in a real estate transaction. Real estate Brokerages have a tough job of guiding the real estate agent through the complexities of a real estate transaction.

The agent is responsible for handling client expectations, providing correct information, keeping clients safe during showings, and adhering to the NAR’s code of ethics and standards practice.

Our team understands the importance of having the right risk management strategies in place to allow your agent to succeed and help you place the right insurance coverage.

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What Type of Insurance does a Real Estate Brokerage need?

Our tailored insurance policies provide comprehensive protection for your brokerage, including:

  • Errors and Omissions (E&O) Insurance: Protects against lawsuits alleging negligence, mistakes, or failure to disclose material information in real estate transactions.
  • General Liability Insurance: Covers bodily injury and property damage claims that may arise during client meetings, open houses, or office visits.
  • Business Property Insurance: Protects your office space, equipment, and furnishings from risks like fire, theft, and vandalism.
  • Cyber Liability Insurance: Safeguards your business against data breaches, cyberattacks, and the loss of sensitive client information.
  • Workers’ Compensation Insurance: Covers medical expenses and lost wages for employees injured on the job.
  • Commercial Auto Insurance: Provides coverage for company-owned vehicles or employees using personal vehicles for business purposes.
  • Umbrella Insurance: Offers additional liability protection beyond the limits of your standard policies.

Why Your Brokerage Needs Insurance

Real estate transactions can be complex and high-stakes, leaving brokerages vulnerable to a variety of risks, including:

  • Legal Disputes: Claims of misrepresentation or errors in contracts can result in costly lawsuits.
  • Client Injuries: Accidents during property showings or open houses may lead to liability claims.
  • Cybersecurity Risks: The handling of sensitive client data makes brokerages targets for cyberattacks.

Insurance helps protect your brokerage from financial losses, reputational damage, and operational disruptions.

Why Choose GRIT Insurance for Your Brokerage?

At GRIT Insurance, we understand the unique needs of real estate brokerages. Here’s why brokers trust us:

  • Tailored Coverage: We customize policies to address the specific risks of your brokerage, ensuring comprehensive protection.
  • Access to Top Carriers: We partner with leading insurance providers to find the best coverage and rates for your business.
  • Expert Guidance: Our experienced agents help you navigate your insurance options and select the right policies.
  • Ongoing Support: From securing coverage to assisting with claims, we’re here to support your brokerage every step of the way.

Frequently Asked Questions About Real Estate Brokerage Insurance

Do I need Errors and Omissions (E&O) Insurance?
Yes, E&O insurance is essential for brokerages to protect against claims of professional negligence or misrepresentation in transactions.

What if agents use personal vehicles for business purposes?
Personal auto insurance may not cover business use. Commercial auto insurance ensures agents and the brokerage are protected while driving for work.

Does general liability insurance cover open houses?
Yes, general liability insurance covers accidents or injuries that occur during open houses or property tours.

How can I protect client data from cyber threats?
Cyber liability insurance helps cover the costs of data breaches, including notification expenses, legal fees, and reputational recovery.

Real Estate Brokerage E&0 Coverage

At no additional cost to you, we can work on your behalf to compare your current coverage with a wide range of insurance companies to see who has the best possible deal on your insurance.

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Grit Insurance Group

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LOCATIONS

  • GRIT INSURANCE GROUP

    5525 South 900 East Suite 345
    Salt Lake City, UT 84117

    (801) 505-5500

  • CHALLIS LOCATION

    401 main Ave
    Challis, ID 83226

    (208) 398-4450

  • PARK CITY LOCATION

    1245 Deer Valley Dr, Ste 300,
    Park City, UT 84060

    (801) 505-5500

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GET IN TOUCH

Interested in working with GRIT Insurance?
Please contact us here or call our office.

We look forward to hearing from you!

OFFICE HOURS

Mon–Fri: 9AM–5PM
Saturday & Sunday: Closed

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