E&O and Other Insurance

As a real estate licensee, you’ve undoubtedly come across unrepresented buyers. The number of purchasers who act without any representation from buyer’s agents is on the rise. In…

Agent-owned property (AOP) is real estate owned by a real estate licensee. Even if it’s just a small personal stake, it would still be considered agent-owned property.  Whether…

Broad Form Endorsement provides more comprehensive coverage compared to basic real estate errors and omissions policies. It extends protections to a wider range of risks and potential liabilities…

As a real estate professional, you face risks in your work every day that, iIf not managed well, could result in lawsuits. Often these are centered around claims…

When Does a Real Estate Professional Need a Business Owner’s Policy? Real estate professionals face a multitude of risks every day. A Business Owner’s Policy protects your real…

Not all real estate Errors & Omissions (E&O) insurance policies for real estate companies, brokers, and licensees are created equal. The differences between policies and what different insurers…

*Comparison based on base policy cost for licensees performing activities requiring a license. Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All…

As a real estate professional, you need to be aware of the risks within your business – and take advantage of the vital tools to mitigate those risks…

As a real estate professional, you must protect both yourself and your real estate business from potential risks and liabilities. Real Estate Errors and Omissions (E&O) insurance can…

Most real estate Errors and Omissions insurance policies are “Claims Made” policies. They provide coverage for claims made and reported during the policy period. Claims Made policies cover…

When you own a real estate brokerage, you likely need a Business Owner’s Policy, to combine general liability insurance with commercial property insurance. But not all Business Owner’s…

Many a lawsuit has happened because a buyer finds an issue post-closing and blames the seller for not disclosing key defects. Even when sellers have been honest in…

Real estate licensees can find themselves in a challenging situation if they haven’t read the fine print when switching insurers. Not having current coverage for SPECIFIC past activities…

Escrow Officers have a significant responsibility in real estate transactions. Accuracy and attention to detail are important. There are many risks involved and if something goes wrong, an…

Mortgage Brokers play an important role in real estate transactions. But, as with other professions in real estate, you face many risks in your everyday business. Oversights, errors…

Insurance is critical for all real estate professionals. For appraisers, you want to be confident that your insurance covers the exact risks you face in your appraisal business.  …

Tail E&O Coverage for real estate professionals ensures you’re covered for past transactions, even after your E&O insurance coverage has lapsed. It’s especially useful if you’re retiring or…

In this webinar, Mark Carlson, attorney from Carlson Law Group and Dave Miller, Regional Vice-President with Fidelity National Home Warranty, discuss real estate broker obligations. They provide valuable…

As a real estate professional, you know the importance of errors and omissions (E&O) insurance. It’s professional liability insurance that protects you and your team against potential lawsuits. …

As a real estate professional running a business, you face risks every day. The best plan of action is to take a proactive approach and manage that risk,…

Running a real estate or mortgage brokerage business can be costly, especially in tough economic times like now. When you need to pay real estate Errors and Omissions…

If you’re a real estate broker managing a team of real estate professionals, you have a duty of care to protect your team. Have you considered what might…

Did you know that your sellers are the main target of real estate lawsuits (based on our 20+ years of claims history)?  That’s why CRES offers the Seller’s…

Cyber security is a growing issue globally, and the real estate industry is particularly vulnerable because the transactions you’re dealing with are of such high value. This, unfortunately,…

Are you a real estate broker managing multiple real estate agents, either as employees or contractors? As the number of people within your team increases, so does your…

As a real estate agent, it’s important to understand what contingent liabilities are and what’s covered under your E&O insurance.  A contingent liability is a liability or debt…

Recently, a CRES client, a real estate broker, received such a subpoena. One of his former agents had been the listing agent for the family home of the…

Hopefully, you’ve never been sued, had to go to trial, or had a real estate E&O claim. It’s not fun. What can make an already stressful situation even…

If you’re looking to purchase or renew your real estate Errors and Omissions insurance for your real estate or mortgage brokerage office, you may want to consider a…

Have you expanded your real estate services since you last renewed your real estate E&O insurance? Are you sure you have coverage for everything you’re now engaged in? …

Even if your firm carries amazing real estate E&O insurance, there can still be gaps, limitations and exclusions. These potential gaps vary from firm to firm based on…

Odds are that you don’t need every type of coverage that a real estate E&O insurance policy could include. For example, a real estate appraiser who doesn’t perform…

When you look at your Real Estate Errors and Omissions (E&O) Insurance policy and see “$500,000/$500,000” limits do you know exactly what each number means? When you’re considering…

Real estate E&O insurance is unique from other types of business insurance. Each real estate transaction can present a different set of risk considerations, challenges and regulations to…

Did you know that most real estate E&O insurance policies don’t offer coverage for claims that arise due to injuries or property damage at open houses and showings?…

A retention is your total out-of-pocket expense paid before your insurance kicks in. The retention limit on your real estate E&O insurance policy is going to function in…

Real estate Errors and Omissions insurance and claims prevention doesn't have to be complicated or scary. We've compiled the most common questions about real estate E&O insurance and…

We have been at this for a while. Twenty years, to be exact. In that time we have watched our company grow to insure and support over 100,000…

There are varying levels of understanding among real estate licensees about how Errors and Omissions (E&O) insurance protects them from claims and lawsuits involving prior transactions . …

Real Estate Professionals are in a unique situation in the modern economy. You walk the line between firm insurance and your own personal Errors and Omissions (E&O) insurance…

Real Estate E & O covers attorney’s fees and damages, after you've paid your applicable retention (out-of-pocket claims expense).  However, there are many more expenses associated with a…

Firms typically have basic E&O insurance — which may or may not protect you and your real estate business. Most real estate licensees don't know everything you should…

It’s not too late to learn how to protect yourself from real estate Errors and Omissions insurance coverage loopholes that can leave a real estate career in ruins…