Learn How To Protect Yourself In Real Estate: Florida

 Once you get a real estate license in Florida, know the next step now. It is something that will protect you from the risks that come with the profession. Insurance is what we are talking about.

Read more to know about the different kinds of insurance that you can and must opt for before starting your professional real estate journey.

 

1. Insurance- General liability

It protects against bodily injuries, property, damage and personal injury claims that may occur in the premises of a real estate business and protects you against lawsuits arising out of accidents or injuries during property showings or open houses.

 

2. Insurance Errors and Omissions

The other name for this kind of insurance is professional liability insurance. It gives you cover provides coverage for legal fees and damages that may pop at you due to professional mistakes, glitches or unwarranted negligence. It protects you against claims of errors or omissions in your services.

 

3. Insurance- Cyber liability

With the advancement and increasing reliance on technology, you may face cyber risks at all times. So, if you take this insurance cover, it will help you against unwanted breaches of data, identity theft, and other cyber-related liabilities, because here you deal with sensitive client information.

 

4. Insurance- Property

It covers physical damage, if any to real estate professional’s offices, equipment and any other business property, it protects against losses caused by events such as fire, theft, or natural disasters.

 

5. Insurance- Worker’s compensation

This insurance is crucial if you are a real estate professional with employees working for you. Coverage for medical expenses and loss pages. If an employee of yours is injured or becomes ill while performing job-related duties.