Kansas Real Estate E&O Insurance

Kansas Real Estate Errors & Omissions (E&O) Insurance

Unlike the nearby states of Nebraska, Colorado, and Iowa, the Kansas Real Estate Commission does not presently require that real estate professionals obtain errors and omissions insurance (E&O).

However, numerous real estate franchises in Kansas make it a prerequisite to have E&O insurance, and virtually all real estate companies across the state opt for errors and omissions coverage as a standard practice to protect their firm, agents, and assets.

Whether your agency specializes in upscale residential properties in Wichita, property management in Overland Park, commercial real estate in Topeka, or foreclosures in Lawrence or Kansas City, a robust professional liability policy is vital.

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Not Every Kansas E&O Policy is the Same

Not all Kansas real estate E and O policies are the same. Many KS professional liability policies exclude coverage for common and expensive claims.

For instance, scenarios such as a client sustaining injuries from a fall during a property tour or a client being bitten by a dog during a showing (contingent bodily injury and property damage coverage) are not covered by many common KS E&Opolicies.

Other common gaps include no/limited coverage for activities involving property management, BPOs (Broker Price Opinions), claims related to discrimination or fair housing issues, and incidents pertaining to properties developed, flipped, managed, owned, purchased or built by the insured or related entity.

It’s critical to review your E&O policy and coverage with an insurance broker who specializes in real estate errors and omissions to confirm that it offers coverage for the various specialized risks inherent in your real estate services.

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E&O for Specialized Kansas Real Estate Services

If your KS real estate firm offers specialized real estate services such as farm/land, property management, commercial real estate, auctioneering, appraisal services, or broker price opinions (BPO’s), most Kansas E&O insurance policies will not meet your specific professional liability needs.

The same goes for Kansas agents flipping homes, purchasing or selling their own property, selling property they constructed or developed, or managing their own rentals.

At FirmSecured, we understand the importance of finding errors & omissions coverage tailored to your specific needs, whether that’s traditional residential real estate sales, or these more specialized real estate services.

Get Your Kansas E&O Proposal from FirmSecured

At FirmSecured, we recognize the importance E&O coverage tailored specifically for your Kansas real estate firm.

Our team collaborates with you to assess your current coverage, identifying potential gaps or risks.

We partner with numerous insurance providers in Kansas, offering an extensive range of coverage options customized to meet your specific needs and budget.

To get started on a quote, simply complete our form to have our team reach out, or schedule a meeting with us on Google Meet.

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FirmSecured is powered by Veritas Risk Management, an independent insurance agency licensed in over 30 states, including Kansas.

Kansas Real Estate Cyber Insurance

As technology continues to shape the real estate landscape in Kansas, the prominence of cyber threats has surged.

From fraudulent wire transfers to data breaches, cyber claims can inflict severe harm on both your agency’s assets and its reputation.

To protect your Kansas real estate venture against cyber perils, cyber liability insurance is emerging as a crucial real estate insurance coverage. 

At FirmSecured, we can lead you through the array of cyber choices available to help you select the cyber insurance policy that resonates with your specific needs and budget.

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Kansas Real Estate General Liability Insurance

General liability insurance is essential for any Kansas real estate agency.

General liability (GL) coverage offers a shield against an array of common legal claims, including certain bodily injury allegations, instances of personal and advertising injury, and potential harm to leased premises.

Get started on general liability options for your brokerage by selecting the GL checkbox on our form below.