Errors & Omissions

Retention Waiver - Deductible forgiveness E&O

E&O Deductible Waiver: What Real Estate Brokers Need to Know

Real estate errors and Omissions (E&O) insurance is essential for you and your real estate firm. It’s important to understand the details of your policy, and one part of that that is often overlooked is your deductible and/or deductible waiver. An insurance deductible is the amount you’ll need to pay out of pocket before the …

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E and O Additional Insured

Real Estate E&O, Franchisors, & Additional Insured Endorsements

If you’re a real estate franchisee, your real estate franchise likely requires that you carry $1 million in real estate errors & omissions insurance coverage (aka a real estate professional liability policy). Real estate franchises will also typically ask that the independently owned & operated franchisees add the franchisor as “additional insured” on the franchisee’s …

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Firm vs Individual Real Estate E&O Insurance

Firm vs. Individual Real Estate E&O Insurance

Real estate E&O is a complicated insurance product that many real estate agents (& insurance agents) do not fully understand. You’ll see errors & omissions insurance called different things: real estate “professional liability,” “errors and omissions,” “E&O,” and “E and O”. Just know they are all different terms for the same thing. That said, the …

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agent-owned property E&O sale flip

E&O Coverage: Property Developed / Constructed by Related Entity

Many real estate agents sell property through their real estate firm that they developed or constructed. Other agents commonly sell property that their spouse or a related company/entity developed/constructed. While this is common in the real estate, construction, and development world, many agents and builders are unaware that real estate agents often have little to …

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Individual E&O Best Practices

Renewing Individual E&O | Best Practices for Real Estate Brokers

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 …

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Defense Costs Errors & Omissions Professional Liability E&O

What are Professional Liability (E&O) Defense Costs?

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 …

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Professional liability, E and O, E&O, Errors and Omissions Coverage Real Estate Missing

10 Coverages Missing in Real Estate Errors & Omissions Policies

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 …

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when to report E and O Errors and Omissions real estate claim

Reporting E&O Claims: What Real Estate Brokers Need to Know

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 …

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