Business insurance by industry
Real Estate Business Insurance in Tennessee
Real estate professionals handle big transactions, sensitive data, and other people’s properties. Errors and omissions, wire fraud, and liability at showings or managed properties are the main concerns. Below are guides for specific business types, short overviews of related businesses, and the Tennessee rules to know.
- Veteran-owned (USMC)
- Independent agent: compares multiple carriers
- Free, no-obligation quotes
Business types with their own guide
- Real Estate Agent Insurance Claims that you missed a disclosure or misrepresented a property, and more. Read the real estate agent insurance guide.
- Property Manager Insurance Claims of mismanagement by owners, and more. Read the property manager insurance guide.
- Mortgage Broker Insurance Errors in loan applications, and more. Read the mortgage broker insurance guide.
- Home Inspector Insurance Claims that you missed a defect, and more. Read the home inspector insurance guide.
Coverages common in real estate
- Professional liability (E&O) Covers claims that your advice, design, or professional service caused a client a financial loss.
- 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.
- Crime and employee dishonesty Covers theft of money or property by employees, and in some forms, fraud by outsiders.
- Business owner’s policy (BOP) Bundles general liability with coverage for your business property, and often business income, for many smaller businesses.
- Hired and non-owned auto Liability for when you or employees drive personal or rented cars on business errands.
All coverage is subject to underwriting and policy terms. Not every business needs every coverage.
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.
Workers’ comp. Most Tennessee employers outside construction and coal mining must carry workers’ compensation once they have five or more employees, full- or part-time, per the Tennessee Department of Labor and Workforce Development. Even below that number, many owners choose to carry it.
We can review your requirements and help you shop workers’ compensation and other coverages, subject to underwriting.
Certificates of insurance
Landlords, clients, venues, and general contractors often ask for a certificate of insurance before you start. If they want to be an additional insured, the policy usually needs an endorsement. Our certificate of insurance checklist explains what to check.
Frequently asked questions
What insurance do real estate businesses usually need?
Many start with professional liability (e&o) and general liability, then add coverage based on employees, vehicles, equipment, and contracts. The right mix depends on your business.
Can you help if my business type isn’t listed?
Yes. These pages cover common types, but we can review almost any small business and help you shop options, subject to underwriting.
When is workers’ comp required for real estate businesses in Tennessee?
Most Tennessee employers outside construction and coal mining must carry it once they have five or more employees, including part-time workers, per the Department of Labor and Workforce Development. Many smaller businesses choose to carry it anyway. We can help you shop coverage.
Questions? Let’s talk it through
Eric can review what you have, explain it in plain English, and help you shop options from more than one carrier. Start online, or call or text 615-808-1105.
Coverage descriptions are general information only; your policy documents determine actual coverage. Availability varies by carrier.
Eric Henry, licensed insurance producer, NPN 3953606 · Affiliated with Hutsenpiller Insurance. Coverage subject to policy terms and carrier approval.