Indiana Real Estate Firm Insurance

Where to find an independent agent

Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for on a continuous basis and is here with the facts about all your insurance inquiries.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Indiana Real Estate Firm Insurance

In 2019, Indiana had approximately $6,780,466,000 in commercial insurance claims alone. Protection for your business is essential to avoid financial ruin. Real estate firm insurance can help protect your day-to-day operations. 

An independent insurance agent will be able to quote your coverage with several carriers for affordable rates. They work on your behalf at no cost so that you pay less. Connect with a local expert for details in minutes. 

What Is Real Estate Firm Insurance?

Real estate firm insurance in Indiana will protect your liability, property, and more. There are numerous policy options you can obtain depending on how your business is run. Check out what real estate firm insurance can cover.

  • Bodily injury
  • Errors and omissions 
  • Property damage
  • Employment practices
  • Employee injuries or illness
  • Cybercrime
  • Theft and vandalism

What Does Real Estate Firm Insurance Cover?

In Indiana, there are roughly 512,348 small businesses in operation. When you run a real estate firm, you'll be required to carry errors and omissions insurance by law. Every other policy may not be mandated but absolutely necessary for proper coverage.

Real estate firm insurance options


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How Much Is Real Estate Firm Insurance in Indiana?

When it comes to pricing insurance for your real estate firm, exact costs will vary. There are several criteria points that carriers use to quote your coverage. Some you can control, while others are outside elements. The top factors companies look for when it comes to your real estate firm are the following.

  • Prior claims reported
  • Number of years in the industry
  • Operation practices for transactions
  • Business practices as a firm
  • If you have employees
  • The value of property owned
  • Hours of operation
  • Financial practices as a firm
  • Location

Another way to cut costs is by bundling your business policies. When you put all of your coverage with the same carrier, they reward you with discounts. A savings of 30% or more is typical.

Will My Property Locations Impact My Rates?

Where your real estate firm is located in Indiana will impact your costs. Insurance companies quote your policies base on location and risk associated with the area. Check out what territory factors carriers use when rating your policies.

  • Local crime rate
  • Local natural disasters reported
  • Local claims reported by other insureds
  • Flood zone assigned

If your office is in a high-risk flood zone will also play a role in your costs. When you are assigned zone A or V, you'll be required to carry flood insurance. This means you're more liable to have a flood claim, and lenders will make it mandatory. 

How an Independent Insurance Agent Can Help

The right protection for your operation can mean the difference in a claim paid by you or the carrier. Without proper coverage, you could be out thousands of dollars or worse. Real estate firm insurance in Indiana has many moving parts and should be reviewed by a professional. 

Fortunately, an independent insurance agent can help with policy and premium options through their network of carriers. They do the shopping on your behalf at no cost so that you can save even more. Connect with a local expert on for quotes today.

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