The questions real estate professionals ask most about general liability coverage — what it covers, how it works alongside your E&O, and what it costs. If your question isn't here, call us at (443) 502-5645.
General liability insurance covers the most common third-party claims, including bodily injuries, property damage, and advertising injuries. General liability covers costly accidents that could otherwise bankrupt your business, and it's often required by landlords, clients, and franchisors.
Every company that works with the public can benefit from general liability insurance, and real estate businesses are no exception. General liability insurance assures your clients that you can cover expenses in the event of property damage or injury.
This policy covers three types of third-party claims:
General Liability insurance covers physical risks like bodily injury and property damage, while E&O insurance covers financial losses caused by professional mistakes, negligence, or allegations of professional errors. Simply put, GL protects against accidents and E&O protects against actual or alleged professional errors.
Yes. Because the E&O policy specifically excludes or limits coverage for the most common causes of loss under the GL policy, and the GL policy specifically excludes coverage for losses resulting from professional services, businesses should have both policies.
General Liability policies typically exclude losses caused by professional mistakes, intentional acts, and employee injuries. The GL policy also excludes damage to your own property, automobile liability, and cyber incidents.
Premiums for General Liability insurance start at $250 per year. Your premium will vary depending on your location, business activities, commission revenue and claim history.
Let PBI Group get you a quote — no fluff, no pressure, just a fair price for strong coverage.
