real estate agent

General Liability Insurance Coverage for Real Estate Contractors

As a real estate professional, you spend your time and energy helping people appraise, rent, buy, sell, and secure properties with a bond for a title. You probably encounter certain situations regularly, whether it’s showing clients a home that’s new to the business or organizing the paperwork to get back to work for the last time. It’s a lot of detailed work and it’s not always possible to avoid every outcome. How can you protect yourself from an unfortunate situation that could endanger your personal and professional assets? Its good thing there is general liability insurance for real estate businesses that can cover you with the following:

Physical Injury

A general rule in real estate is to expect the unexpected. There’s always a chance that someone could be injured at your office or property. What if a client sustained a serious injury while in your office? Imagine if an employee in your office found themselves with significant medical bills due to an equipment failure on the job? General liability insurance can help you cover medical bills, attorney’s fees, court-ordered judgments, settlements, and funeral expenses in fatal incidents, though this policy does not cover employee injuries; for them, you’ll be needing workers’ compensation insurance. Throughout doing real estate business, any number of unexpected incidents can occur due to human error or pure chance. Without a liability policy that’s scaled to fit your needs, you could be on the hook for paying off the resulting damages.

Property Damage

Just as a surprise …