Montana Real Estate Brokerage E&O:
Superior Coverage You Control + Legal Services

Take control of protecting your real estate brokerage

If you’re relying on your individual agents to purchase Montana real estate errors and omissions insurance, your brokerage will have less coverage, no control over your protection, and a lot of paperwork . . .

• Your individual licensees will likely purchase minimum coverage. Do you really want to risk the safety of your real estate brokerage by relying on these bare-bones policies?
• The real difference between real estate E&O plans is in the individual coverage areas or “endorsements.” Your agents will likely purchase minimal coverage in every critical area. Do you really want to allow your individual agents to control how much protection your real estate brokerage has?
• With individual licensee policies, you have to verify that every licensee has renewed their errors and omissions insurance on time every year. Does your brokerage really have time for that added administrative task?

When you rely on your agents’ E&O policies to protect you, you have no control – over what coverages their policies include and how much coverage they buy. (And if they’re purchasing the state group policy, you’ll get bare-bones coverage.)

And that can leave your real estate brokerage with serious gaps in coverage that could mean potential out-of-pocket legal fees and damages.

Get superior E&O protection + pre-claim legal services included

With a CRES Real Estate Brokerage E&O Plan, you’ll have protection up to 10 times higher (than individual policies through the state group plan) — up to $3 million.

And you control the amounts and types of coverages included.

Plus, you only need to renew a single policy, rather than chase down verification of E&O renewals from all your licensees.

• You can choose an Office policy to cover your agents and employees for up to $3 million in protection (a much higher amount than any individual agent can get) — plus broad coverage and higher limits in individual coverage areas.
• Or choose an Excess policy, which will sit on top of your agent policies to offer from $1 -$3 million in additional coverage. (An Excess policy also covers former agents and employees.)

When you have a CRES company E&O policy to cover all your licensees, that single policy:

1. Increases your coverage — for more protection up to $3 million.
2. Gives you control (rather than your licensees) — over the risks you cover and the amount of protection for each covered area.
3. Avoids all the administrative costs of following up each year — because if your agents don’t renew on time, you could be without coverage for agent transactions.

Your brokerage gets better coverage with higher available limits. You control the areas of protection included in your policy, so you more actively manage your risks. You have more flexibility in customizing your policy to your business.

And your licensees get better protection, too. Plus, no tail coverage is needed.

Learn more about the differences in benefits of having a company E&O policy

CRES delivers superior real estate E&O protection for the best value

More Montana real estate brokerages are choosing the superior protection of a CRES real estate brokerage E&O policy.

We’re part of one of the largest insurance brokers in the world, and we’ve done the shopping for you. When you can choose to offer any real estate E&O available, you want to choose the best coverage you can find. And that’s what we’ve done.

You’ll enjoy the best value in E&O coverage for your real estate company — because no one has access to the product options that we have. (We’re part of Arthur J. Gallagher, one of the largest insurance brokers in the world.)

With CRES, you’ll also have the best claim prevention team on your side. Our ClaimPrevent® expert real estate attorneys are available to help you resolve small issues before they turn into big problems.

Plus, our innovations for helping you win listings and dazzle buyers – while reducing your risk – will help you protect and grow your business.

• Dazzle Buyers— Receive 25 free Building Permit History Reports each policy year to show buyers the presence of permits.
• Reduce Your Retention (out-of-pocket claims expense) — When you give a buyer a Building Permit History Report, you’ll reduce your out-of-pocket claims expense up to $2,500.
• Coverage for Past Transactions — Past transactions of your licensees are covered for as long as they’ve worked for you while you’ve had continuous E&O insurance.

Which Real Estate E&O Plan Should You Consider?

As a real estate firm, you have two options: 1. Choose an Office policy to protect all of your agents and employees, or 2. Choose an Excess policy and have your agents purchase their own E&O (from us or anyone they choose). We can help you decide what best meets your needs.

Real Estate E&O Office Policy

• Get as much protection as you need: limits up to $3,000,000
• Extensive coverage with higher limits in indivdual coverage areas
• Choose your participation level: retention (out-of-pocket claims expense) from $1,000 to $100,000

E&O Excess Policy

• Sits above the agents’ limits to provide a full $1-3 million in coverage for a claim
• No additional out-of-pocket claims expense once the agent’s retention has been paid
• Fixed annual premium
• Adds coverage for ex-agents and employees

Revenue under $1 Million: Get a Quick Quote

Revenue over $1 Million: Get a Quote and Buy Online

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