Business Insurance Requirements for Real Estate Professionals in Georgia

Georgia’s supply of affordable housing and plenty of demand makes it an ideal location for real estate professionals. Just as no two homes are the same, each realty firm comes with its own set of risks and business factors that determine its insurance needs.

Will your company lease commercial space? Most leasing agreements require proof of general liability insurance and/or commercial property insurance. Professional liability insurance can potentially protect a company from lawsuits resulting from business discrepancies. Also called errors and omissions or real estate liability insurance, this policy is not required under state law, but it is recommended by the Georgia Real Estate Commission. Georgia state law requires small businesses with three or more employees to carry workers’ compensation insurance.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read more to find out which policies are most common for real estate agents, brokers, and other realty professionals in Georgia and start an application to get your free quotes today.

Find the right insurance policy for your realty business

The most common policies for real estate agents, brokers, and other real estate professionals vary depending on a number of factors, including revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business type.


Business type General liability / BOP Professional liability Workers' comp
1099 or independent contractor X X  
Business owner with employees X X X
Solo business owner X X  


General liability insurance: General liability insurance is the foundation of a real estate professional’s business protection with coverage that extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.

Professional liability insurance: Many clients require proof of professional liability insurance before entering contracts for professional services. This policy, also called errors and omissions insurance or real estate liability insurance, can help cover legal expenses if you’re sued for unsatisfactory work or a business discrepancy.

Business owner's policy (BOP): Real estate professionals sometimes qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.

Commercial auto insurance: Commercial auto insurance can cover vehicles your business owns or uses for business purposes. If your vehicle is involved in an accident, this policy can cover your liability for the other person's bodily injuries and property damage. It can also pay to repair your vehicle when it is damaged by theft, weather events, or vandalism.

Cyber liability insurance: Cyber liability insurance helps real estate agents and brokers survive data breaches and cyberattacks by helping pay for related expenses. You may need this policy if you handle sensitive data such as credit card numbers, passwords, or Social Security numbers.

Georgia workers' compensation insurance: Georgia state law requires workers’ compensation coverage for all small businesses that employ three or more workers. If an employee is injured on the job, workers’ comp can help pay for medical fees and lost wages. Independent contractors can elect to cover themselves under a workers’ comp policy, but it is not required. While real estate professionals suffer injuries at a lower rate than professionals in other industries, injuries do happen. For real estate agents and brokers, falls, slips, and trips occur most frequently, along with accidents resulting from contact with equipment.

Business insurance costs for real estate professionals in Georgia

Despite Georgia’s favorable housing market and business-friendly climate, insurance costs in the state's real estate industry can be a bit higher than the national median, according to an analysis of Insureon applications. One outlier is general liability insurance, which trends about $150 per year lower than national rates. A general liability policy provides the foundation of a real estate professional’s business insurance, making even a slight savings important. In all, real estate professionals in Georgia can expect to spend less than $250 per month to secure their small business.

Median Insurance Costs for Georgia Real Estate Agents

Save time and money with Insureon

Insureon’s industry-leading technology helps real estate agents, brokers, and other realty professionals in Georgia save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Simply apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Georgia and can answer your questions as you consider coverage.

To make the application go even quicker, have this information ready:

  •   Workforce details, such as the number and types of employees.
  •   Current and projected revenue.
  •   Business partnerships.
  •   Insurance history and prior claims.
  •   Commercial lease insurance requirements.

Apply for free real estate professional insurance quotes today.