South Carolina Real Estate E&O Insurance
SC Requirements for E&O
Although it is not required for South Carolina real estate brokerages or agents to purchase real estate E&O insurance coverage, most SC real estate franchises require it. The vast majority of independent real estate firms in South Carolina carry errors and omissions for peace of mind in the event of a lawsuit.
Whether your firm specializes in Hilton Head luxury real estate, does property management in Myrtle Beach, focuses on Greenville commercial real estate, or is a leader in residential real estate outside of Columbia or Charleston, you have come to the right place for SC real estate professional liability (E&O).
Chances are your firm already has a real estate errors and omissions policy in place. Keep in mind that real estate E&O is a specialized and nuanced policy. Many SC policies do not provide adequate coverage for claims that real estate agents face.
How do South Carolina E&O Policies Differ?
Many professional liability policies exclude contingent bodily injury and property damage claims. This means that if a client trips and falls on the stairs because an agent forgot to warn their client about a hazard, this very well could be excluded under many E&O policies. Dog bites while showing a house also fall under this category of claims.
Many policies also exclude or limit coverage for property management activities, BPO’s, escrow or discrimination/fair housing claims, or properties developed or constructed by the insured. Exclusions like these lead to costly denied claims that your firm might end up paying out of pocket.
At FirmSecured, we won’t just hand out cheap E&O quotes. As an independent firm, we work with most of the insurance companies that offer real estate professional liability (E & O). We can present a number of options and work hard to make the process of obtaining E&O options simple. We will help you understand the differences between each company and advise as you decide the coverage your team needs.
Ready to Get Started?
Get E&O Options from FirmSecured
Get started with your South Carolina E&O options by filling out the form below. We will reach out shortly to review your options.
Want to meet now and bypass the form? Schedule time on Google Meet to review your current E&O coverage with you and to compare our E&O options. Our goal is to SC real estate agency owners and brokers find the strongest E&O policy at the best price.
FirmSecured is powered by Veritas Risk Management, an independent insurance agency in Northeast Tennessee.
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