Errors & Omissions for Michigan Real Estate Firms
Michigan Professional Liability (E&O) Requirements
Real estate professionals in Michigan, whether specializing in luxury properties along Lake Michigan, operating a property management firm in Grand Rapids, or selling commercial property in Detroit, should ensure they have proper errors and omissions (E&O) insurance coverage.
While not required by law, most real estate franchises and independent firms in Michigan want the added protection that E&O insurance offers. However, not all MI E&O policies are the same, and it’s essential to review and compare options to find the right fit.
What to Look for in MI Real Estate E&O Coverage
It’s crucial to ensure that your agency has coverage for a wide range of common errors & omissions claims. These include contingent bodily injury and property damage claims, property management activities, discrimination/fair housing claims, escrow, and regulatory complaints.
Many brokers only realize they have lower coverage limits or no coverage for these claims when facing a real estate lawsuit.
Get E&O Options from FirmSecured
At FirmSecured, we make obtaining E&O options simple. As an independent insurance agency, we work with most of the insurance companies providing real estate E&O coverage to offer multiple options.
We don’t simply provide cheap insurance quotes, but instead, walk through your current errors & omissions coverage to help you compare your current policy with our options. Our goal is to be your trusted advisor as you find the strongest E&O policy for your real estate agency, at the best price.
Ready to Get Started on E&O Options?
Fill out the form below to have our team reach out about your MI real estate professional liability options.
If you would rather bypass the form and schedule a Google Meet appointment directly on our calendar, we are looking forward to our conversation.
FirmSecured is powered by Veritas Risk Management, an independent insurance agency in Northeast Tennessee. We are licensed in over 30 states, including Michigan.
MI Real Estate Cyber Insurance
Cyber Liability is the General Liability of the 21st Century
Many franchises are now requiring their agencies to purchase cyber insurance because of the increasing cyber risk for agencies over the last few years. Even if your agency is independent or if your franchise is not yet requiring it, cyber liability insurance for real estate firms is quickly becoming a necessity. Learn more about cyber insurance for Michigan real estate firms.
Michigan General Liability Coverage
Protecting your MI real estate agency from lawsuits
Most MI businesses and real estate agencies purchase General Liability (GL) insurance. The coverage will protect your real estate agency from a number of lawsuits and settlements. GL policies cover many general businesses liability exposures, such as some bodily injury claims, personal and advertising injury, and damage to premises rented to you (to name a few). Get started on your real estate general liability options.
