As a real estate professional, you face daily risks and exposures. Given the state of the market, more and more consumers are turning to experts like you for advice, logistical coordination, and accounting help. Unfortunately, if you make an error or omission, or if you’re somehow negligent in your duties, you could be personally held accountable.
Fortunately, there’s a way to help protect yourself. Comprehensive Real Estate Errors and Omissions insurance (E&O) can help protect you and your company from liability in the event of many contingencies. In order to get precise real estate E&O insurance coverage, it’s helpful to review potential options with a professional. The Axis Insurance Services team will help guide you through the process of finding the ideal Real Estate E&O insurance coverage for your budget, company size, practice, specialty and claims history.
Many Errors and Omissions insurance companies will issue you a generic insurance form, known as the Miscellaneous Professional Liability Insurance form. This form may not provide the level of insurance coverage you need. In fact, you may end up paying significant premiums for coverage that really isn’t “covering” you or your employees.
For instance, many E&O policies do not cover independent contractors, which is expected of a professional real estate company. Other companies may require you to defend yourself or may exclude environmental or other types of claims. Browse our website for more detailed information on our E&O real estate services, and contact us so we can help you get the protection you need.