Real Estate E&O Coverage: Defense Costs Say you are a real estate agent representing a seller who is listing a property. During the transaction, you failed to disclose a very serious mold issue in the property to the buyer. As a result, the buyer not only discovered the defect after closing, but their child becomes …
Real estate brokers and agents in mandatory states for real estate E&O insurance generally have the options of carrying a firm E&O policy, individual policies for each agent, or/and an excess policy. We break down the differences between these policies more fully in this blog. If you or your real estate agency has spoken with …
Renewing Individual E&O | Best Practices for Real Estate Brokers Read More »
As a real estate agent or professional, you need to to understand what professional liability defense costs are. Most professional liability or errors and omissions (E&O) insurance policies frequently mention defense costs. In this article, we will explore what defense costs are and how they are covered by insurance. We will also give you specific …
What are Professional Liability (E&O) Defense Costs? Read More »
Real Estate E&O: Apples to Apples Comparison? Real Estate errors & omissions (E&O) insurance is a specialized and nuanced coverage. Brokers will often find these 10 critical real estate errors & omissions coverage missing in their real estate errors & omissions policy. In the insurance world, cheap online “quote, bind, and issue” business insurance policies …
10 Coverages Missing in Real Estate Errors & Omissions Policies Read More »
Reporting Real Estate E&O Claims As a real estate agent, you, your principal broker, or firm have probably paid good money to ensure that you are adequately covered by errors & omissions (E&O) insurance. But simply having a policy is not enough. You must also be aware of the reporting requirements for both claims and …
Reporting E&O Claims: What Real Estate Brokers Need to Know Read More »
Quality real estate errors & omissions insurance (E&O) will help you protect your business against claims of negligence or mistakes when purchasing property as a real estate agent, or selling property in which you have an ownership interest. However, be aware that many errors & omissions policies have very broad agent-owned property E&O coverage gaps. …
What are Real Estate BI/PD E&O Claims? Real Estate Contingent Bodily Injury & Property Damage coverage (BI/PD E&O Coverage) covers claims when a real estate professional is responsible for causing an injury through their actions, advice, an error, or omission. In other words, it is liability resulting indirectly from your professional services as a real …
BI/PD E&O Coverage | Why All Real Estate Brokers Need It Read More »
Embarking on the journey of real estate entrepreneurship? Wondering how much real estate E&O costs? Whether you’re launching your own agency, stepping into the world of real estate as an agent, or setting out to conquer the market on your terms, you need real estate errors and omissions (E&O) insurance. Asking How much is E&O …
