Being a real estate agent is tough work
But you know what could make it tougher?
Let's cut to the chase. Most real estate agents in California SHOULD have a business owner's policy. A realtor BOP protects your real estate business in the same way that a homeowners insurance policy protects your home and personal possessions.
With a business policy, you combine essential coverage areas that are essential to realtors. This saves you money over signing up for different policies and can safeguard your real estate business.
We offer a basic Business owners policy (BOP) and specific business insurance for Real Estate Agents policy that has increased coverage where agents need it most.
Here's what it does...
Click the arrows to show how a BOP covers you
Save even more by bundling with auto
As an agent, you use your vehicle for work regularly for client showings and other day-to-day activities.
- Coverage
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- Covers damage to your vehicle, whether your driver was at fault or not
- Coverage insures against injury to others and damage to other vehicles, even if it's due to your employee's negligence.
- Uninsured Motorist Coverage
- Hail Storm Vehicle Damage
- Lease and Loan Gap Coverage. If you still owe money on a loan or lease, you could be liable for the cost of replacing the vehicle.
Why Choose Cullen Insurance?
You can count on Cullen Insurance Agency to be your expert in handling your realtor business insurance needs. Our expert team is here for you and your business, whether you need liability protection or employee insurance. Having numerous locations all over Southern California - we not only understand, but know the importance of a reliable insurance provider helping you find peace in knowing your business is running smoothly.
Call Cullen Insurance today at (661) 948-4444 and discover why we are the best in general liability insurance.
A Closer Look At Coverage For A Real Estate Policy
- Injury & property lawsuits
- Protects you from lawsuits resulting from injury or property damage or allegations of injury or property damage.
- Example: If a client visits your office and trips you could be liable.
- Example: If you accidentally damage a client’s property during a showing or appraisal you could be liable.
- Professional Errors
- You are protected if you are sued for professional errors, negligent acts or omissions during the course of working as a real estate agent.
- Example: You list a new home, but listed it with the incorrect price. This costs the client several bids on their house before the error is noticed.
- Data Compromise
- Coverage helps you by providing case management, legal support, credit monitoring and legally required notifications.
- You maintain a significant amount of your customers' confidential personal and financial data. You need coverage if that information is lost or stolen.
- Avoid high recovery costs and rebuild trust faster.
- Equipment
- Helps protect the location of the business and the equipment you use to run your business. For example, computers, signage, office furniture, etc.
- This coverage will replace the contents that were stolen or damaged and repair the damage from the incident. Your insurance covers your loss at what it would cost you to replace the items.
- Example: Someone breaks into your office overnight and steals and/ or damages desks, equipment and computers.
- Valuable Papers & Records
- This covers you for damage or destruction of important documents used in your business.
- Example - A pipe bursts and leaks all over a filing cabinet containing your critical documents
- Electronic Data
- Provides coverage for repairing and restoring data due to harmful code that damages or destroys any part of the computer system.
- Example: You get an e-mail from a trusted client. You open it unaware that it contains a virus.
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- Helps cover the loss of income when you can’t run your real estate business because of covered property damage.
- We can provide agents with up to 12 months of coverage.
- For example, A fire destroys the roof of your office and you cannot operate your business until repairs are made. this would help cover your loss of income.