search
RECO Logo
hamburger icon
search
Consumers
Things you need to know Make sure your real estate agent is registered Information for buyers Information for sellers Your deposit is protected
Agents and Brokerages
TRESA Explained RECO Bulletins RECO Spotlight Videos RECO tool for sharing RECO Information Guide and forms Becoming a real estate agent Becoming a real estate broker Info for real estate agents Info for brokerages Insurance Fee schedule Moving to Ontario?
Learners
About real estate education in Ontario Education requirements Real Estate Salesperson Program: Pre-Registration Real Estate Broker Program Real Estate Salesperson Program: Post-Registration Examinations Brokerage staff compliance training Continuing education (CE) Updates More information
Enforcement
About RECO’s complaints process Submitting a complaint After submitting a complaint If you are the subject of a complaint Inquiring about the number of offers on a property Enforcement activities
News
Events
About
What we do Performance measures Governance Our team Advisory councils
Contact Agent/Brokerage Search MyWeb Login Submit a Complaint RECO Information Guide
Home Agents and Brokerages Insurance Professional liability insurance

2025 insurance renewal 

Payment is due by August 22, 2025. The total cost of professional liability coverage, including taxes and expenses is $500 for the 2025-2026 policy period. 

RECO will be collecting more than 100,000 insurance payments over the summer. Pay by August 15, 2025 to ensure a worry-free payment before the busiest period of the renewal collection. 

Learn more about the 2025-2026 insurance renewal.

Professional liability insurance program 

The insurance program offers the most comprehensive insurance protection of its kind in Canada. It provides three types of coverage: Errors and Omissions, Commission Protection and Consumer Deposit

What does the coverage include?

CoverageErrors and OmissionsCommission ProtectionConsumer Deposit
What’s covered?

Covers mistakes such as:

  • Forgetting a key clause in the APS
  • Making a mistake with respect to taxes
  • Using the wrong form
  • Under or overpricing 
  • a property
  • Or, none of the above— groundless accusations can lead to expensive claims

Covers loss of commissions against:

  • A registrant becoming insolvent (i.e., brokerage goes bankrupt)
  • Theft, fraud, misappropriation, or wrongful conversion by a registrant
  • Social Engineering (subject to $25,000 sub-limit per claim)

Covers consumers’ deposits against:

  • A registrant becoming insolvent (i.e. brokerage goes bankrupt)
  • Theft, fraud, misappropriation, or wrongful conversion by a registrant
  • Social Engineering (subject to $25,000 sub-limit per claim)
Limit per claim$2,000,000 (effective Sept. 1, 2025)$200,000$200,000
Limit per year$4,000,000 (effective Sept. 1, 2025)N/AN/A
Limit per eventN/A$4,000,000$4,000,000
Deductible

$2,500 (damages only)

  • Increased by $2,500 for each additional claim where damages are paid in a 3-year period
$250$0
Contact info

ClaimsPro LP
Phone: 1-877-740-1913
Fax: 1-866-735-1033
claims@reco-claims.ca

ClaimsPro LP
Phone: 1-877-740-1913
Fax: 1-866-735-1033
claims@reco-claims.ca

RECO
Phone: 416-207-4800
Toll free: 1-800-245-6910
Fax: 416-207-4820
insurance@reco.on.ca

Features of the insurance program

The program offers the most comprehensive insurance protection of its kind in Canada. Priced competitively to other provinces. 

  • The first and only province that provides Commission Protection Insurance and Social Engineering Fraud coverage
  • Provides Consumer Deposit Insurance to protect your clients
  • Coverage pays for your defence, damages and settlement costs in excess of your deductible

A program with a strong reputation, giving it the ability to obtain the best terms for you.

  • Ensures year-to-year continuity of comprehensive coverage and service
  • Extends comprehensive coverage to all registrants
  • Supporting the industry with consistent claims handling

Industry specialist service providers. Committed to using their years of experience to help manage the claims process.

  • Experienced claims adjusters and defence counsel ready to manage your claims
  • Knowledgeable professionals assisting you through the claims process
  • Professional coverage advice available to you

A program committed to industry education.

  • Provides risk management seminars province wide
  • Contributors to RECO’s education courses
  • Issues industry information blog posts

To learn more about the insurance program, contact Alternative Risk Services:

Phone: 1-866-426-1666 | Fax: 1-855-529-9462 | info@ar-services.ca | www.reco-claims.ca

At all times, the coverage applicable in any given situation will be determined by the particular circumstances and allegations of the claim or potential claim asserted against an insured and will be subject to the policy terms and conditions.


Contact RECO at:

MyWeb
T: 416-207-4800 or 1-800-245-6910 | F: 416-207-4820 | cs@reco.on.ca