What insurance is required for a Real Estate Agent in Massachusetts?

In Massachusetts, businesses are subject to a 6.3% insurance tax. Real Estate Agents typically need General Liability due to a risk factor of 0.9.

Real Estate Agent Insurance Cost in Cambridge, Massachusetts (2026 Guide)

Q: How much does Real Estate Agent insurance cost in Cambridge, Massachusetts?

The estimated annual cost for a Real Estate Agent in Cambridge with one employee is between $894 and $1315. The state base rate is $1100.

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$894-$1315

Estimated Annual Premium

Monthly Average Breakdown

$88 / mo

Includes General Liability

Industry Risk Profile

Real estate agents need coverage primarily for client slip-and-falls at open houses and professional errors and omissions.

Risk Factor0.9x

Location Factors

State Base Rate$1100
Cambridge Multiplier1x
State Tax Rate6.3%

Local Compliance FAQ

Is General Liability required in Cambridge?

While Massachusetts law may not mandate it for all businesses, Real Estate Agents often need proof of insurance to bid on local commercial projects in Cambridge.

Why is the rate different here?

Your premium reflects Massachusetts's specific base rate of $1100 and a local city multiplier of 1x.

Compare Real Estate Agent Insurance in Other Massachusetts Cities

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How much does Real Estate Agent Insurance cost in Cambridge?