Real Estate Agents & Brokers

Real Estate Agent & Broker Errors & Omissions Insurance

Protect yourself and your business with comprehensive E&O coverage.

What is E&O Insurance?

Errors and Omissions Insurance (E&O) is a form of liability insurance that protects professionals against claims of inadequate work or negligent actions. For real estate agents, this insurance is crucial as it covers:

Mistakes in documentation or advice given to clients.
Failure to disclose necessary information.
Claims of misrepresentation or breach of duty.

Why Do Real Estate Agents Need E&O Insurance?

Real estate transactions involve a lot of paperwork, regulations, and client interactions where tiny errors may have dire consequences.

Legal Protection: E&O insurance can cover legal fees and settlements if you’re sued for errors in your professional services.
Client Trust: Demonstrates professionalism and commitment to service quality.
Financial Security: Protects your personal assets from being used to settle claims.

What Does E&O Insurance Cover?

Typically, E&O insurance for real estate agents covers:

Defense costs for covered claims.
Settlements or judgments up to the policy limits.
Court costs if a claim goes to trial.

Common exclusions might include:

Intentional acts of fraud or dishonesty.
Property damage or bodily injury claims.

How to Get E&O Insurance

Getting E&O insurance for your real estate business is straightforward:

Assess Your Needs: Consider your transaction volume, property values, and any specialized services you offer.
Compare Quotes: Look for policy details, coverage limits, premiums, and insurer reputation.
Purchase: Buy from a reputable insurer or through a trusted insurance broker. We look forward to earning your business!

Applications

Download Rapid Application Form (Less than $150k gross commissions/year)
Download Standard Application Form