Louisiana Real Estate Agent Errors and Omissions Insurance
At Least $200,000 More Total Real Estate E&O Protection at a Lower Price
2025 RENEWAL DEADLINE: 9/30/24
- Base Protection plan: from $70
- Superior Protection plan: from $125
- Platinum Protection Bundle: from $264
RENEW BY 9/30/24 for 2025 — and get at least $200,000 More Total Protection than the state-sponsored plan
Plus enjoy from 8 to 20 times more protection in individual coverage areas — the real difference between real estate agent E&O plans. Choose from 3 options tailored to the amount of business you do.
CRES Real Estate Agent E&O + ClaimPrevent® is completely changing Louisiana E&O:
✅ Base Protection if you have no transactions in the last 12 months requiring a real estate license.
$100,000/$500,000 coverage – starting at $70!
✅ Superior Protection: With $200,000 MORE coverage than the state group policy.
$100,000/$500,000 coverage – from $125
✅ Platinum Protection Bundle: broadest coverage and higher limits for those doing more volume. Includes all optional coverages.
$500,000/$500,000 or $1 million/$1 million coverage limits – from $264 or $364
Every plan is guaranteed to meet 100% of LREC (Louisiana Real Estate Commission) requirements. And every plan meets or exceeds the individual coverages of the state-sponsored plan from 8X to 20X!*
Every plan includes our highly-rated Pre-Claim Legal Services to help prevent everyday issues from escalating into lawsuits. (It’s a valuable service CRES pioneered. You won’t get any legal help from other plans until you actually have a claim.) You’ll have access to local expert real estate attorneys for questions, writing or reviewing letters and addendums, contract review, and more.
Base Protection Plan and Superior Protection Plan
- $100,000 Lock Box Property Damage
- $100,000 or sales price (whichever less) Environmental/Pollution including Mold
- $50,000 Cyber coverage for data breach
- $30,000 Subpoena coverage
- $20,000 – $50,000 Disciplinary Hearings coverage
- $100,000 Escrow disputes
- Agent-Owned Property sales for vacation or rental properties to four-plex
- Conformity Endorsement coverage — this amends your Louisiana E&O policy (for Louisiana residents), so that it also conforms to any E&O requirements in other states where you hold a valid real estate license.
- Firm and Franchise Coverage
- Prior Acts coverage for as long as you’ve maintained continuous real estate E&O insurance (with any company).
state-sponsored plan
- 20x less protection
- 10x less protection
- 10x less protection
- 12x less protection
- 8x less protection
- 20x less protection
- Extra fee
- Extra fee
Optional coverage: $25,000 Seller’s Protection Plan – just $5. $100,000 Open House and Showings coverage – just $8. $250,000 Open House and Showings coverage just $11. Fair Housing/Discrimination Damages and Defense (to policy limits of $500,000) – just $8. $500,000 Pollution/Environmental (including mold) – just $4. First Dollar Defense (no out-of-pocket costs when a claim involves only defense costs) – just $4. Defense Outside the Limits (additional limit equal to your policy limit for defense costs) – just $8.
Platinum Protection Bundle
Includes ALL OF THE COVERAGE ABOVE, including all of the options:
- $250,000 Open House and Showings
- Fair Housing/Discrimination Damages and Defense (to policy limits) — 20 to 40 times the coverage of the state group plan!
- $500,000 Environmental/Mold
- $25,000 Sellers Protection Plan
- First Dollar Defense
- Defense Outside the Limits
Get an Incredible Amount of Coverage + More Included Extras with ALL CRES Plans
- Give your sellers up to $50,000 in Seller’s E&O Protection Plan (and eliminate your out-of-pocket claims cost) when you purchase a CRES Qualified Home Warranty from Old Republic Home Protection.*
- Includes 25 Free CRES Building Permit History Reports (a $99.95 value) per year. Plus you’ll save on additional reports. Give a Report to your buyer and eliminate your out-of-pocket claims costs! A CRES Exclusive
- Eliminate the $1,000 retention (out-of-pocket claims expense) — by giving a Building Permit History Report to a buyer or purchasing a CRES Qualified Home Warranty.*
- Enjoy Discounts to Office Depot®, Constant Contact® Email, Lenovo® PC Products, UPS® shipping, even Bekins® and Wheaton Van Lines moving discounts you can offer to your clients.
CRES is a FAR better protection choice than the state group policy for most licensees in Louisiana — and has been for more than 25 years. And CRES E&O is guaranteed to meet or exceed all LREC requirements.
All real estate professionals are required to have Errors and Omissions insurance in Louisiana, so why not get better protection and benefits?
Choose a separate policy to cover your Appraisal or Transaction Coordinator activities.
In Every Plan
- One rate covers all of your activities for which a real estate license is required!
- Prior acts are covered for as long as you’ve maintained continuous Errors and Omissions insurance (with any carrier)
Get More Information
You may be eligible for CRES E&O even if you have past complaints or claims.
Cover your Appraisal or Transaction Coordinator activities under a separate policy.
Upon purchasing a policy, you’ll receive a separate email from us with your Declarations page and an already completed LREC Independent Coverage form. Sign the form and fax both documents to LREC. LREC will collect your $7 fee as part of your online license renewal, so there is no longer a need to mail them your forms or a check.
* Comparison as of 6-11-24 based on base policy cost for licensees performing activities requiring a license.Seller’s E&O coverage and other benefits are feature-based and warranty specific. The E&O Retention (Out-of-Pocket Claims Expense) Reduction applies to any real estate licensed Real Estate Services Council Risk Purchasing Group, LLC. (“RESCRPG”) member who personally pays for the Home Warranty Plan. These benefits are offered by, and intended for, the members of RESCRPG. RESCRPG membership is part of your CRES E&O policy. Other warranties may also qualify for an E&O Retention Reduction, but only those warranties listed here are guaranteed to qualify. Not available in all states. Certain restrictions apply. Read each policy for a full comparison of coverage and benefits. All coverage is subject to Underwriting and other qualifications.