Navigating the complex world of business insurance as a real estate professional can be daunting. At Embroker, we understand the challenges you face, which is why we are thrilled to introduce our new coverage program tailored specifically for real estate agents and brokers. Our goal is to simplify the insurance process, allowing you to focus on what truly matters – your business.
Industry Research Insights
To create a program that truly meets the unique needs of real estate professionals, we conducted an extensive survey involving over 150 industry leaders, agents, and auditors in May 2024. The results highlighted the significant pressures and risks faced by those in the real estate industry, emphasizing the necessity for specialized insurance coverage. Some key findings from our survey include:
• 51% of real estate professionals heavily rely on their cell phones for work
• 35% admit to frequently making mistakes when using mobile devices
• 46% of companies have suffered financial losses due to errors
• 48% of real estate professionals have filed a professional liability claim in the past year
Cyber Threats on the Rise
One alarming discovery from our research was the increasing concern surrounding cyber threats within the real estate industry. With 45% reporting experiencing a breach and 82% encountering phishing attempts, the need for robust cyber liability coverage is more crucial than ever. Despite this, only 37% have updated their cyber coverage, demonstrating a significant gap in protection against digital threats.
Comprehensive Coverage Solution
In response to these challenges, we have crafted a comprehensive insurance program that addresses the specific needs of the real estate industry while also providing essential foundational coverage. Our program includes:
• Tailored professional liability coverage for high-stakes transactions
• Cyber liability protection against digital threats
• A comprehensive business owners’ policy covering property damage, business interruption, and general liability
Our CEO, Ben Jennings, stresses the importance of tailored coverage in an industry undergoing rapid change. He emphasizes the need for peace of mind that comes with coverage tailored to individual needs, not generic policies.
A Tailored Solution for Real Estate Professionals
Embroker prides itself on offering a single-destination solution designed to streamline the insurance buying experience. Our program eliminates potential gaps in coverage often found in generic policies, ensuring that every aspect of a real estate firm’s operations is safeguarded. As the real estate industry continues to evolve, we remain committed to adapting our program to meet the dynamic needs of this sector.
Empowering Real Estate Professionals
We are excited to offer specialized coverage to the real estate community, providing the support and peace of mind necessary for professionals to focus on their core business activities. Whether you’re facing layoffs, cyber-attacks, or shifting market behaviors, our program is designed to provide the coverage you need to operate worry-free. Visit www.Embroker.com/Real-Estate/ for more information on our new real estate program and additional coverage options.
Together, we can navigate the complexities of the real estate industry and empower professionals to succeed in an ever-changing landscape.
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