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Real Estate Insurance

At Krywolt Insurance, have a range of Calgary real estate insurance products designed to protect you, including professional indemnity insurance (tailored specifically for the real estate industry), office cover insurance and cyber insurance. Rest easy knowing you've got the right coverage for your realty business so you won't have to pay out of pocket for unexpected costs. Get in touch with us to learn more about our specific real estate agent insurance policy and get the best available coverage for your real estate agency or brokerage.

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Calgary Real Estate Insurance

Why You Need Calgary Real Estate Insurance

Professional Insurance Coverage for Real Estate Agents, Realtors and Brokers

Calgary is absolutely bursting with potential, especially when it comes to the real estate market. With skill and persistence, a qualified real estate professional can really make their mark on this city in a big way. But as the old saying goes, without risk there is no reward—and all that potential for success comes with the potential for disaster as well.

That's where a robust Calgary real estate insurance policy comes in. The right coverage package will offer you financial protection for situations beyond your control so you can avoid paying staggering amounts for legal expenses, settlement claim costs, medical fees, property damage reimbursements and more.

When you're conducting real estate business in Calgary, you can't just sit behind a computer all day. You need to get out there, meet your clients, see properties in person and do the legwork to make those sales. All that travelling and working in different locations—many of which you've never seen before—puts you at risk of crippling lawsuits related to property damage, third-party bodily injury, theft and other perils. At the same time, you are giving professional advice and dealing with important paperwork and financial details, which puts you at risk for legal action related to errors and omissions.

That's why it's so critically important to have the right Calgary real estate insurance solutions in place. When you speak with a Krywolt Insurance expert, we'll zero in on your unique needs and find the best possible package of insurance to ensure that you are protected against anything life throws your way, all at competitive rates.

Who Should Have Real Estate Insurance: Calgary, AB

When it comes to who exactly needs real estate insurance, Calgary, AB professionals need to understand how their specific insurance needs may differ from those outside the industry. Real estate professionals who work with residential, commercial or rural properties should all have Calgary real estate insurance, but they may need to invest in additional coverages that are specific to how they operate.

Professionals who need Calgary real estate insurance include:

  • Real estate agents
  • Realtors
  • Brokers
  • Brokerage owners

Rely on a local, experienced Calgary real estate insurance broker from Krywolt Insurance to complete a thorough review of your unique business practices and come up with an insurance package that will meet your coverage needs. That way, you can breathe easily knowing you won’t be on the hook for astronomical costs in the event that something goes wrong—or you're accused of something you didn't do and need to defend yourself in court.

What Coverage is Recommended for Calgary Real Estate Insurance?

There are some parts of real estate insurance Calgary, AB professionals absolutely have to have, and some coverage options that are recommended based on the specific details of how you operate your professional life. When your Krywolt Insurance broker has had the opportunity to learn more about you and your career, they'll be able to give you more information about what should be included in your unique Calgary real estate insurance package.

Professional Liability Insurance

Also known as errors and omissions insurance, or "E&O," professional liability coverage is a required part of Calgary real estate insurance. You might be the most careful and conscientious real estate professional in Canada, but even so, it's impossible to guard against and avoid every single mistake and mishap over the course of your professional life. Professional liability insurance protects you in the event that you make a mistake (an error) or forget to do something or fail to deliver a promised service (an omission), and claims are typically related to allegations that your services, products or employees caused financial damage.

For example, if you have a dissatisfied client who closes a deal and then gets buyer's remorse and claims you failed to act in their best interests, you could be sued for providing professional advice that didn't meet the clients' expectations. Or, if you sell a house that has hidden water damage—whether or not you were aware of it yourself—they could allege that you knew about the problem and failed to disclose it, leading to legal action against you to cover the cost of moisture damage mitigation. Your insurance provider will pay legal defense costs and settlements for legal claims that are related to a real or perceived financial loss resulting from your advice, actions or lack thereof.

Commercial General Liability Insurance

Almost all types of professionals in Calgary need commercial general liability coverage, and real estate agents, brokers and realtors are no exception to the rule. General liability insurance applies to situations that have resulted in third-party property damage to a building or item, third-party bodily injury or personal harm.

Say you were showing a house that was still under construction, and your client tripped over some tools or construction materials that were left lying on the floor. If they suffer an injury, you could be liable to cover their medical expenses and rehabilitation costs. Another example of a potential general liability issue is if you were assessing a client's property prior to sale and accidentally bumped into an expensive piece of artwork, sending it crashing to the floor and leaving you responsible for the replacement cost. In those types of scenarios where injury or damage happens on your watch, commercial general liability coverage will cover a certain amount of the costs incurred for medical bills, damage mitigation or replacement.

Commercial Property Insurance

If you operate your realty business out of a physical location in Calgary, it's important to have a commercial property insurance policy as part of your Calgary real estate insurance. That includes your home—if you work out of a home office, your homeowners insurance will not provide adequate coverage for contents related to your work practices. Business property insurance exists to protect you against out-of-pocket expenses for damage caused by perils such as fire, natural disasters and theft. It's very important to give your insurance broker plenty of information about the location of your building and perils that could befall it so they can make sure you are covered against the types of damage that are more likely to occur. For example, if your business property is located near the Bow River in a possible flood zone, it's a good idea to make sure flood damage is specifically included on your commercial property insurance policy.

Commercial Vehicle Insurance

Some people assume that commercial auto insurance is only necessary for industrial vehicles like delivery trucks or specialized service vehicles, but that's not the case. If you use your car or truck for professional purposes in Calgary, such as driving to a property so you can show it to a prospective client, you need commercial vehicle insurance on your Calgary real estate insurance package. This coverage will protect you against paying damages should you be involved in a collision or other incident with your vehicle. Depending on how your policy is written, it may also offer protection against issues such as theft, vandalism, hail damage, fire, flood and other non-driving related damage.

Cyber Insurance

Typewriters and landlines were certainly a lot less convenient than the laptops and mobile phones real estate professionals use nowadays—but there are some downsides to that comparison as well. Our modern, internet-connected devices expose us to perils that weren't even invented a decade or two ago, like hacking, ransomware and cyber extortion. Real estate professionals often play a fiduciary role to their clients, which necessarily involves handling sensitive information such as credit records, identity documents and more, and there are criminals out there right now looking for ways to take that information from you and ransom it back, or use it for fraudulent purposes.

If you are the victim of a cyber attack and your clients' information is stolen from you, you'll be in legal hot water unless you can safely recover what was lost. Cyber insurance will help you recover legal costs should you be sued, and may also be able to provide coverage for issues that result from a criminal using your network to spread malware, or the cost of restoring data after a major security breach. With some types of coverage, you can even recover partial costs for ransom payments to regain access to the lost information.

Crime Insurance

If your office in Calgary is the target of a "smash and grab" theft, you'll obviously know what happened right away and need to replace laptops and whatever else was taken. But theft isn't always so blatant. Employee fraud and theft can go undetected for years, racking up huge losses that are hurting your bottom line.

Whether it's perpetrated by a third party or a once-trusted employee, theft is a major issue for business owners and real estate professionals who handle money and property on behalf of their clients. If you have property, stocks or securities stolen from you—belonging to you or your clients—crime insurance coverage will help you recoup those losses and avoid taking a serious financial hit yourself, or avoid becoming the target of a lawsuit from a client looking to recover what was taken.

Other Types of Coverage You May Need

In addition to the Calgary real estate insurance coverage we have listed above, you may want to consider additional possibilities for your insurance policy such as:

  • Mobile property insurance
  • Business interruption insurance
  • Equipment breakdown insurance
  • Directors and officers insurance

Not sure which types are most necessary for your specific insurance needs? Our experienced brokers at Krywolt Insurance are happy to take the time to help you understand your options and find solutions that offer the greatest benefit to you.

Is Real Estate Insurance Mandatory in Alberta?

All real estate industry licensees in Alberta are required to have professional liability insurance protection, which is also referred to as errors and omissions insurance. That is the coverage that will protect you from paying out of pocket if someone alleges that they suffered a financial loss because of your professional advice or services.

It is not mandatory in Canada for professionals to have general business insurance coverage such as commercial general liability, commercial property insurance and cyber insurance, but having a comprehensive Calgary real estate insurance package is a smart investment in your future success. You simply can't prevent every single mistake, mishap or disaster that might come your way, and paying your own funds to cover everything from water damage mitigation after a flood to medical bills for a third-party bodily injury is not remotely sustainable. With the right insurance in place, you can sleep soundly at night knowing you'll get the help you need to recover from financial setbacks and get back in the game stronger than ever.

How Much Does Calgary Real Estate Insurance Cost?

Because there's such a wide variation in what types of Calgary real estate insurance you may need to have included in your unique policy, there's no way to offer even a ballpark figure without knowing more about you and your business practices. The cost of your insurance premiums will vary according to factors such as:

  • Type of coverage you need and want
  • Your claims history
  • Annual revenue
  • Number of employees
  • Qualifications and credentials of you and your employees
  • Business location
  • Building type

Once a Krywolt Insurance professional has had the opportunity to speak with you and learn more about your professional life, we can recommend a comprehensive Calgary real estate insurance package that will give you protection against financial losses during the moments when you need it most.

Why Krywolt Insurance?
• Personal Attention
• Exclusive Client Management
• You’ll receive a competitive rate on a suitable policy year after year
• Krywolt Customer Care
• Access to all Major Insurance Providers
• We act for you – not the insurance company
• We’ll obtain multiple quotes for you on suitable policies from leading insurance companies and underwriters
• You receive responsive friendly service.
• You’ll have us in your court if you need to claim
• We’ll do the leg work for you!
Assess Your Risk And Get Insured
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You need an insurance expert that understands Real Estate Insurance to be able to define all the possible risks associated with your business so you get the best possible coverage to ensure that a single simple accident or oversight doesn’t overcome your business. You know your business, we know the risks and the ways to protect your business from potentially crippling law suits or loss.

We don’t offer instant online quotes for Real Estate Insurance because there is no way we can get to know you and your business without speaking to you and coming to understand all the complexities or simple processes that need to be insured.
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17:51 13 Jan 23
I have been dealing with Krywolt insurance for the past five years and have... always had a great experience whenever I need to make updates or just to get information about policy coverage or to add on riders for specific events. Ask for Morgan if you are looking for rock star service from a commercial account executive with Krywolt. She is super knowledgeable, efficient and a great person to deal with.read more
Amur Abdulghani
Amur Abdulghani
20:28 25 Nov 22
We would truly refer Krywolt Insurance to our friends and family. A sincere,... friendly and wonderful service only is only the beginning of what you can expect from them. A special mention to our account manager AK. He has been fantastic to say the least.read more
Angela Cox
Angela Cox
19:50 26 Sep 22
Sarah L is amazing. She is so attentive and quick to respond. She is... knowledgeable and keeps up to date on our account. Insurance is important and you want to feel like the person you are talking to will make sure you are protected, Sarah definitely does that. I have been with Krywolt for many years and am very happy with the service I receive. Thank-You!read more
Steve Strube
Steve Strube
15:48 20 Sep 22
I was referred to Krywolt several years ago by a business associate. I was very... happy to enjoy a level of personalized service that my previous broker had forgotten over the years.After many years, I am still enjoying the same personalized service.Thanks Sarah!read more
Joel Park
Joel Park
22:06 28 May 20
Great company and team of people. We have been dealing with Darren for 6 years... now and is always a pleasure. Jocelyne and Sherry are professional and responsive and they get things done quick and efficiently. I would definitely recommend them to anyone looking for outstanding service and the best prices.read more
Austin Hannaford
Austin Hannaford
05:04 28 May 20
After having dealt with two different insurance brokers, Krywolt was my number... one pick as they are very responsive and professional. I have worked directly with many of their staff, however I would highly suggest Dan Hannaford if you are looking for someone who knows his stuff and will do his best to get you the client what you require. They are a no joke insurance broker who will tell you upfront the real costs associated with your project. I highly recommend them to anyone who is in need of insurance.read more
Executive Training
Executive Training
23:15 27 May 20
As a new business owner I didn't fully understand the requirements for... commercial insurance, however after calling Krywolt and speaking with Dan he was able to guide me through the process. His knowledge and experience was second to none and he made the process so easy. I called around to other firms and no one else was able to provide me with the recommendations I recieved from Dan. This is the place to call if your looking for insurance.read more
Heather  Jamie Hannaford
Heather Jamie Hannaford
23:03 27 May 20
We worked with Dan on setting up commercial vehicle insurance and it was a... fantastic experience. Dan was very knowledgeable and made suggestions that improved our coverage and provided better protection for our company all while finding us the best price. Dan was very responsive to our inquiries and always got back to us quickly. Are experience with Dan was very positive and we highly recommend Krywolt insurance.read more
galbraith1979 .
galbraith1979 .
02:33 15 May 20
I honestly can think of a better insurance person then Moran. She focuses on... customer service which is sadly becoming a lost art form. My wife and I are proud to have as our insurance lady and recommend to everyone they should call her to switch their insurance.read more
Carla Hoch
Carla Hoch
21:46 14 May 20
Krywolt Insurance is absolutely the best broker we have dealt with ever. ... Krywolt got us out of a complicated situation and guided us every step of the way. With excellent service AND competitive pricing, we feel very well taken care of! We have switched over our home, vehicle and business Insurance to Krywolt. GREAT JOB guys!!!read more
Christopher gonzalez
Christopher gonzalez
20:50 12 May 20
level of unprofessionalism with this company is next level stupidity. would... give them a solid -10 in review if i could. do yourself a favour and stay awayread more
Clean Go Green Go
Clean Go Green Go
21:09 05 May 20
Great Insurance Company, they worked hard to ensure they found us the best rate... and were a pleasure to deal with. Thanks to both Dan and Darren for the excellent service !!read more
Colleen Allin
Colleen Allin
19:24 15 Apr 20
Sherry Thompson was a huge help in finding us insurance under unusual... circumstances. She worked hard to find us the best option, covering all our needs plus the best pricing. I would highly recommend Sherry for her overall efforts, knowledge and timeliness. Thanks again.read more
Jenny R
Jenny R
18:27 29 Jan 20
I've been always taken great care of with any policy or question I've had, I... HIGHLY recommend Morgan Anderson, she's so great and patient. She's most definitely exceptional at what she does.read more
team 7
team 7
17:38 28 Jan 20
Have been working with Krywolt last 6 years. Sherry is very knowledgeable.... Very helpful in the claim process. Great customer service !!!read more
Nilo R
Nilo R
23:23 09 Dec 19
I would just like to give a shout out to Tracy for being so amazing & advising... me. You have no idea how much better you made me feel after having such an awful experience else where. Soooo prompt & friendly, thank you for understanding my situation and doing everything you could to direct me.read more
Morgan Woods
Morgan Woods
00:03 24 Oct 19
I have nothing but positive feedback for the team at Krywolt. As an Aussie... looking for car insurance they were super clear about what forms I would need and put together a great quote for me with ease. Kamal was fantastic help, very professional and went the extra mile to help us get on the road. Would highly recommend them to anyone searching for personal or business insurance! 5/5read more
Cindy Lockton
Cindy Lockton
14:47 14 Sep 19
I switched one policy to Krywolt after having numerous mix ups and conflicting... pricing from another broker and having to wait days and weeks for answers . Dan was extremely professional and courteous and very patient with my incessant questions and got the job done in record time! I have and will continue to recommend this company . I was so impressed I now have all my commercial and personal policies with them . I don’t think I’ve ever been put on hold or have had to wait for a call back . Though insurance isn’t my favorite subject or payment , I no longer have to cringe with anxiety thinking about making a call of getting a question answered ! They also beat every other quote I received from my former broker. Excellent customer service .read more
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#620, 5940 Macleod Trail SW
Calgary, AB 
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