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What is E&O?
E&O primarily provides coverage for allegations of errors & omissions related to your services as a Real Estate professional.
Why Do I Need It?
To cover legal defense and claim settlement in the event that you are accused of an error or omission while acting in a professional capacity as any of the following:
- Real Estate Agents and Brokers
- Real Estate Appraisers
- Mortgage Brokers
- Title Agents
- Home Inspectors
- Property Managers
Are There Unique Coverages to a Real Estate E&O Program?
Yes! Each E&O policy can be designed to cover any one or more of the following situations:
- Lockbox protection
- Discrimination coverage
- Pollution (failure to advise) coverage
- Franchisor coverage
- Seller E&O coverage
- Sale of agent-owned property coverage
- Regulatory hearing coverage
- Coverage for services via your Internet, email
and telecommunications