All About E&O

Errors and Omissions Insurance Coverage

In addition to providing coverage for Residential Sales, the Real Estate Errors and Omissions program provides coverage for firms that generate revenues in any of the following:

  • Commercial Real Estate Sales
  • Industrial Real Estate Sales
  • Residential Farm/Ranch and Raw Land Sales
  • Commercial Farm/Ranch and Raw Land Sales
  • Property Management/Leasing
  • Residential/Commercial Appraisals
  • Real Estate Counseling
  • Auctioneering

These products also provide coverage for firms that perform other services such as:

  • Mortgage Brokering
  • Business Brokering
  • Title Agency
  • Insurance Agents Errors and Omissions

These comprehensive products provide:

  • Each Claim/Aggregate limits of $100,000, $250,000, $500,000 and $1,000,000 with additional limit options available
  • Deductible options of $1,000, $2,500, $3,500 $5,000 and $10,000 (higher deductible options are available)
  • Claim Expenses outside the Limits of Liability in most cases (Claim Expenses do not erode the per Claim or Aggregate limits)
  • Consent to Settle Clause
  • First Dollar Defense Coverage (available on a limited basis)
  • Full Prior Acts coverage available to those who qualify
  • Full Limit Lock Box Coverage
  • Discrimination Defense and Indemnity Coverage
  • Environmental Hazards Coverage (some policies including mold coverage)
  • Coverage for the Listing and Sale of Real Estate Agent or Broker owned residential properties, including the primary residence and residential investment properties
  • Coverage available for the sale of properties constructed/developed by a separately owned entity of the firm or a family member of an agent or broker.
  • Extended Reporting Period options of 1, 3, or 5 years and includes a Retiree Provision for those Named Insureds who have retired or whose operation has been dissolved