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AXIS INSURANCE SERVICES, LLC

Errors and Omissions Insurance for Commercial Real Estate

Commercial Real Estate E&O application (PDF)

Real Estate Programs
• Title and Escrow Agents
Our Real Estate errors and omissions insurance ( E&O ) programs are specifically tailored to each commercial real estate company. Our errors and omissions insurance products help our commercial real estate clients balance operational risk with costs of insuring that risk. Our E&O programs balance our client’s appetite for risk and risk management and address industry specific issues such as:
  • Discrimination
  • Appraisals
  • Environmental Hazards and Pollution
  • Leasing Activities
  • Fair Housing
  • Consulting
  • Property Management
  • Continuing Education
  • Risk Management Counseling
  • Mold Spores and Fungus Growth
Additionally our real estate errors and omissions insurance programs provide coverage for real estate services that are not covered by most real estate E&O policies such as:
  • Tenant Representation Services
  • Joint Ventures
  • Corporate Services
  • Owned Property
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What is Real Estate Errors and Omissions Insurance?


Real Estate Errors and Omissions Insurance protects a real estate professional from claims relating to an error or omission in providing professional services that can lead to a lawsuit. These suits can result from a sale, lease or property management service as well as tenant representation, consulting or other ancillary services such as appraisals, short term escrow and mortgage brokering. An error or omission can occur on almost any transaction. A Real Estate professional can be brought into the suit by misrepresentations of their clients. Even the most careful real estate agents can be sued. Our insurance programs help protect the real estate professional from the liability associated with such errors, mistakes or omissions.
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Claims Scenarios


Commercial real estate claims relate to practically every area of a real estate transaction. In several instances our broker was sued because a property failed to achieve a sales or rental price consistent with expectations. One recent claim involving this issue involved a suit for $20+ million. The case was ultimately dismissed against our broker; however, in excess of $200,000 was spent defending this claim and it was recently appealed. Another similar suit in our office was for $8 million and is still in litigation.

• Read the article 'Real Estate E&O Claims on the Rise' for more information.
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Related Articles


• For an in-depth analysis of business risks to be covered in a Real Estate errors and omissions insurance ( E&O ) policy, click here to read "Are You Really Covered?" by Mike Smith (PDF).

• E&O Check List for Commercial Real Estate Organizations (PDF)

Please feel free to call to discuss your Company’s needs with one of our licensed professionals.
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