Alaska Real Estate Errors & Omissions (E&O)
Whether you’re overseeing a rental or property management firm in Anchorage, leading a luxury real estate agency in Juneau, specializing in commercial real estate in Fairbanks, or the broker/owner of a residential real estate brokerage in Wasilla, securing a robust AK errors and omissions (E&O) policy is paramount to peace of mind.
Like 14 other states including Colorado, New Mexico, and Montana, Alaska currently mandates that AK real estate professionals purchase and maintain real estate E&O insurance. Most real estate franchises across the state also require real estate errors & omissions coverage.
Alaska Real Estate E&O Coverages You Might be Missing
Beyond meeting AK state requirements, it’s crucial to select an E&O policy that aligns with you and your firm’s unique coverage needs. Not all Alaska E&O policies are the same. In fact, they vary widely in terms of both coverage and price.
Numerous Alaska real estate errors and omissions policies and quotes often fall short in providing the necessary protection against a number of potential & common real estate E&O claims.
Coverage for contingent bodily injury or property damage lawsuits, property management or foreclosures, fair housing claims, regulatory complaints, appraisals are all examples of common coverage exclusions that could put your Alaskan realty endeavors at risk. To learn more about the top E and O gaps and exclusions to watch out for, check out this blog.
Alaska Real Estate E&O from FirmSecured
At FirmSecured, we aim to be to your ultimate destination for Alaska-focused errors and omissions (E&O) coverage solutions. We’ve cultivated partnerships with an array of top-tier professional liability insurance providers, enabling us to present a variety of coverage options finely tuned to your distinctive requirements and budget.
FirmSecured is powered by by Veritas Risk Management, an independent insurance agency licensed in more than 30 states, including Alaska. Fill out our quick form to get started, or schedule a Google Meet discovery call here.
Alaska Real Estate Cyber Liability Insurance
As the digital frontier expands, safeguarding your Alaska real estate firm against cyber liability risks has become paramount. While some existing E&O and business owner policies might offer limited cyber coverage, brokers are now recognizing the critical need for dedicated standalone cyber liability insurance.
Of special concern for Alaska real estate brokers is the threat of third-party wire fraud. This is when an agent’s email is hacked so that convincing fraudulent instructions can be sent to buyers by a hacker posing as you. Simply select the cyber liability option on the form below to get started on cyber options.
Alaska Real Estate General Liability Insurance
Alaska real estate agencies should all be purchasing general liability (GL) insurance coverage. Safeguarding against a range of potential liabilities, GL insurance forms a vital cornerstone of your agency’s insurance coverage. If you’re ready to explore tailored solutions for your Alaska real estate agency’s general liability insurance needs, take a proactive step by selecting the GL insurance checkbox on the contact form below.
