Real Estate Agent Insurance in Tennessee

Common risks for real estate agents

• Claims that you missed a disclosure or misrepresented a property
• Injuries to buyers at showings or open houses
• Wire fraud during closings
• Data breaches of client information
• Driving clients to showings

Coverages real estate agents often consider

• Professional liability (E&O) Tennessee requires E&O for licensees. Many agents also look at coverage beyond the state minimum.
• General liability Helps if your business is blamed for injuring someone or damaging their property, and usually pays for a legal defense.
• Cyber liability Helps respond to data breaches, ransomware, and payment fraud, including notifying customers.
• Hired and non-owned auto Driving clients to showings in your own car is common. Ask how your auto coverage handles it.
• Business owner’s policy (BOP) Bundles general liability with coverage for your business property, and often business income, for many smaller businesses.

Not every business needs every coverage. The right mix depends on your work, your contracts, and your budget. All coverage is subject to underwriting and the terms of the policy.

What a claim could look like

For example, imagine buyers you represented in Mt. Juliet discover a foundation problem after closing and claim you should have flagged it. A claim like that may go to your E&O policy, depending on the facts and policy terms.

This is a hypothetical example for education only. Whether any claim is covered depends on the facts and your policy terms.

Tennessee rules to know

Real estate E&O. Tennessee requires every licensed real estate licensee (except acquisition agents) to carry errors and omissions insurance as a condition of licensing, under Tenn. Code § 62-13-112.

We can review your requirements and help you shop workers’ compensation and the other coverages above with carriers that write real estate agents, subject to underwriting.

Certificates of insurance

Brokerages and some clients may ask for proof of coverage. Keep your E&O certificate on file with the Commission as required.

A certificate of insurance shows your coverage on the day it’s issued. If a contract asks for additional insured status or a waiver of subrogation, the policy usually needs an endorsement, not just a line on the certificate. Our certificate of insurance checklist walks through what to check.

What affects the cost

• The type of work you do and how it’s classified
• Annual revenue and payroll
• Number of employees and any subcontractors
• Where you work and the value of your equipment or property
• The limits and deductibles you choose
• Your claims history and years in business

We can’t promise a price ahead of time, but we can compare options and explain the trade-offs in plain English.

How Eric can help real estate agents

Agents and managers across Williamson, Rutherford, Wilson, Sumner, and Davidson counties juggle fast markets and lots of showings. As an independent agent affiliated with Hutsenpiller Insurance, Eric can review what you have, read your contract requirements with you, and help you shop options with more than one carrier. See how an independent agent works for you.

Related guides

• Real Estate Business Insurance in Tennessee
• All business types we can help
• Business insurance in Middle Tennessee
• General liability insurance
• Business owner’s policy (BOP) 101
• Certificates and additional insureds explained
• Business interruption insurance
• General liability vs. professional liability
• Small business insurance checklist (PDF)
• Certificate of insurance checklist (PDF)
• Landlord insurance checklist