Alabama Real Estate E&O Insurance

Alabama Real Estate Errors & Omissions (E&O)

Whether your focus is on residential real estate in Birmingham, property management outside of Mobile, or commercial real estate in Huntsville, you can’t afford to operate without a quality real estate errors & omissions (E&O) insurance policy.

Real estate E&O, or professional liability insurance is a specialized policy, so is essential to find and work with a team of insurance professionals who can help you craft a customized real estate E and O insurance policy for your specific risks.

Alabama AL Birmingham, Montgomery, mobile AL
Montgomery Alabama AL Capital Commercial Real Estate

Is Real Estate Errors & Omissions Coverage Required in Alabama?

Unlike the neighboring states of Mississippi and Tennessee, the Alabama Real Estate Commission does not currently mandate that real estate agents or brokers obtain E&O insurance.

However, most real estate franchises in Alabama require that franchisees carry E and O. For nearly every other real estate agency in AL, E&O coverage is a critical aspect of their risk management strategy.

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Are Most AL Real Estate E&O Policies the Same?

Alabama real estate errors and omissions quotes & policies are often quite different. Many E&O policies in AL have notable coverage gaps that can leave agents and firms exposed to potential lawsuits.

For example, you will often see no coverage for claims related to contingent bodily injury and property damage, property management activities, fair housing claims, appraisals, auctions, or the purchase of property by an agent. There are just a few examples.

Instead of relying on a one-size-fits-all policy that may leave you vulnerable to risks, you should work with a real estate insurance advisor who can help you put in place a policy tailored to your unique needs.

Get E&O Options from FirmSecured

At FirmSecured , we understand that finding the right E&O coverage for your Alabama real estate brokerage can be an annual chore. That’s why we go beyond merely providing an emailed quote.

Instead, we help you analyze your current coverage to identify any potential gaps or issues. With access to a large network of insurance companies, we’ll guide you through your E&O options to provide informed recommendations that suit your budget.

To get started on your search for Alabama E&O coverage, complete the form below or schedule a discovery call with our team via Google Meet

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FirmSecured is powered by Veritas Risk Management, an independent insurance agency based in Northeast Tennessee, and licensed in over 30 states, including Alabama.

Alabama Cyber Insurance for Real Estate Firms

In Alabama and the United States as a whole, cyber incidents in real estate are becoming a major concern for real estate brokers. As a result, some real estate franchises now require that their agencies maintain cyber liability insurance.

While some E&O and business owner policies may include limited cyber coverage, it is becoming increasingly clear that a stand-alone cyber liability policy is essential for most firms.

At FirmSecured, we can help you find cyber liability insurance options for your specific needs. Simply let us know that you want cyber insurance options on our form.

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Mobile Alabama AL Commercial Real Estate

Alabama General Liability Insurance

General Liability (GL) insurance is a crucial part of protecting your Alabama real estate firm against a range of general lawsuits. This policy covers a variety of general business liability risks, including some bodily injury claims, personal and advertising injury, and damage to rented premises, among others.

Start exploring your options for real estate general liability insurance in Alabama today.