Insurance for registrants
All real estate salespersons and brokers in Ontario must participate in RECO’s insurance program. It provides essential protection for you and your clients and customers through its errors and omissions insurance, consumer deposit insurance and commission protection insurance.
RECO works with insurance broker Alternative Risk Services to secure the best insurance coverage and rates for you each year.
The total cost of insurance, including taxes and expenses, for the 2022-2023 policy period is $500.00.
You can purchase your insurance coverage through MyWeb.
How to make your insurance payment
Use your MasterCard or Visa to make your insurance payment online through MyWeb, RECO’s exclusive web portal for registrants. If you don’t already have a MyWeb account, creating one is easy and free. Once you’ve logged into MyWeb, click on the Insurance banner located at the top of the screen to make your payment.
Please note: Please do not email or fax your credit card details to RECO. Registrants are required to pay using MyWeb. Payments cannot be made by phone.
For additional information:
- read the MyWeb FAQ
- visit the insurance section on MyWeb
- read About the professional liability insurance program administered by RECO (PDF)
All the claim forms can be found here.
