Texas Real Estate E&O Insurance

Texas Real Estate Errors & Omissions Insurance

E&O for TX Real Estate Agents, Brokers, and Firms

As a Texas real estate agent or broker, protecting your business with errors and omissions (E&O) insurance is crucial in this quickly-changing real estate market.

Unlike the nearby states of New Mexico, Colorado, and Louisiana, real estate E&O is not currently mandated for real estate agents in Texas. That said, E&O coverage is highly recommended to protect you and your firm from financial devastation in case of a claim, and is often required by real estate franchises and vendors.

Our team can help you navigate the different E&O policies available and find the coverage that fits your needs, whether you run a property management firm in Austin, specialize in commercial real estate in Dallas, or manage a large residential real estate firm in Fort Worth.

Texas Capitol Building Austin TX

How are Texas Real Estate Professional Liability Policies Different?

Navigating the ins and outs of professional liability insurance for real estate in Texas can be a challenging and nuanced process. Every policy varies in terms of coverage and cost, making it crucial to select a policy that aligns with your specific needs.

Not all errors and omissions (E&O) policies in Texas offer comprehensive coverage for the various professional liability claims that real estate agents face regularly. For example, some policies may exclude coverage for contingent bodily injury and property damage claims resulting from incidents like a buyer being hurt due to undisclosed mold or a client falling while visiting a property.

Coverage is often limited or excluded for claims related to fair housing or discrimination, the sale of agent-owned property, and pollution claims. These limitations may go unnoticed until you find yourself in the midst of a lawsuit, leaving you vulnerable to unexpected financial losses.

To ensure you have adequate protection, it’s essential to conduct a thorough review of your E&O policy. This review should include assessing the limits of your coverage, evaluating the exclusions and endorsements, and understanding how your policy will respond in various situations.

Insurance for Specialized Texas Real Estate Services

Not only do many TX E & O policies not provide adequate coverage for common claims real estate agents face, they also might not cover all of the real estate services you or your firm provide.

For example, many standard policies may not provide sufficient protection for appraisers, commercial real estate agents, property managers, agents flipping homes, agents selling homes they developed or constructed, or real estate auctioneers.

Many Texas firms require tailored E&O policies that can protect them against their unique risks. It’s important to understand that each area of specialization within the real estate industry comes with its unique set of potential liabilities, and a one-size-fits-all E&O policy simply does not exist.

To learn more, check out our Ultimate Guide to Real Estate Errors and Omissions Insurance.

Get Started on E&O Options with FirmSecured

At FirmSecured, we take a comprehensive approach to help you identify potential gaps and risks in your current coverage and provide you with tailored E & O options and quotes that suit your business needs and budget.

Our team works with multiple insurance providers to give you a broad selection of coverage options to choose from. Whether you prefer to fill out a form or schedule a consultation, we are here to guide you through the process of securing the right E&O coverage for your Texas real estate brokerage. 

Ready to Get Started?

Powered by Veritas Risk Management, an independent insurance agency licensed in over 30 states, including Texas, we offer you the peace of mind that comes from working with an experienced and reputable real estate professional liability insurance provider.

Siesta Key, FL Beach Sunset Florida

Cyber Insurance for Texas Real Estate Agencies

Cyber Insurance: New Friend to fight a New Foe...

Real estate firms in Texas face a growing number of cyber threats and potential risks. While some E&O and business owner policies may offer limited cyber coverage, obtaining a standalone cyber liability policy is crucial to more fully safeguard your agency against cyber risks. Cyber liability insurance policies are typically not as expensive as most real estate brokers initially think.

By selecting the cyber box on our form, we can assist you in securing the appropriate coverage to shield your Texas real estate business against potential cyber risks.

Texas General Liability Insurance

TX Real Estate GL Coverage

In addition to cyber liability and errors and omissions insurance, general liability (GL) insurance coverage is essential for protecting Texas-based real estate agencies against a range of general lawsuits and settlements. Our team can guide you through the process of obtaining the appropriate coverage to safeguard your business against potential general liabilities.

Simply check the general liability quote box on our form to review your general liability insurance options. Whether you are seeking E&O, cyber liability, or general liability coverage,

FirmSecured is here to provide you with tailored insurance options that meet your unique business needs.

Legal Document Signature