Insurance

The professional liability insurance program administered by RECO provides essential protection for you and your clients. All registrants must participate in the program as a requirement of their registration.

RECO works with insurance broker Alternative Risk Services to secure the best insurance coverage and rates for you each year.

Learn more about the 2025-2026 insurance renewal.

What does the professional liability insurance program cover?

The professional liability insurance program administered by RECO provides Errors and Omissions, Commission Protection, and Consumer Deposit insurance coverage relating to the trade in real estate. Participation in the program is a requirement for registration under the Trust in Real Estate Services Act, 2002. The insurance term is a one-year cycle starting September 1 until August 31.

This program does not include personal lines insurance such as home, auto, or wellness insurance programs.

To learn more about the program or to make a claim, visit MyWeb.

What is the premium for 2025-2026?

The annual insurance fee plus applicable taxes for the September 1, 2025, to August 31, 2026 insurance term is $500 per real estate agent, the same price since 2022.

NEW this year: The policy limit for the errors and omissions coverage increases effective September 1, 2025, to $2 million per claim (up from $1 million) and to $4 million annually (up from $3 million).