Insurance for Wholesalers: What You Need
Disclaimer: This article provides general information about insurance for educational purposes. It is not insurance advice. Coverage needs vary by state, deal volume, and business structure. Consult a licensed insurance professional for recommendations specific to your situation.
General liability insurance ($1M-2M coverage, $500-1500/year), Errors & Omissions for contract disputes, commercial auto if driving for business, umbrella policy for extra protection, workers comp if hiring employees.
Key areas to understand
When each type is needed, typical costs, and how to get quotes.
Most wholesalers need at minimum GL + auto..
Your profit calculator can help streamline this aspect of your business.
Your property data can help streamline this aspect of your business.
Your deal marketing can help streamline this aspect of your business.