Contact
Office – 800.753.3557
Fax – 800.228.5525
Email – sales@reoadvisors.com

Errors & Omissions

Helping you focus on what matters most

Errors and Omissions Insurance is a specific form of Professional Liability Coverage. It protects your brokerage from the financial impact of alleged mistakes made by your brokerage and its agents while acting in a professional capacity on behalf of others.

For example, Buyers and Sellers can claim that their agent misrepresented facts (an Error) or failed to disclose known information (an Omission), while acting on their behalf during a real estate transaction.  In many of these cases, both your brokerage and the agent can be held financially responsible for these mistakes.  Without proper E&O coverage in place your business could be solely responsible for the financial impact of any claim brought against you which can include both defense and indemnity. Not to mention countless hours of distraction from your business and your clients.

Having the right Errors & Omissions policy – one that’s designed to meet the specific needs of today’s real estate brokerages – can protect your businesses financial stability; allowing you to focus on what matters most.   

Highlights

  • Broad Definition of Professional Services
  • Deductibles from $1,000
  • Claim Expenses in Addition to Limits of Liability
  • Open House Coverage to Full Policy Limits
  • Lock-Box Coverage to Full Policy Limits
  • Environmental Hazards to Full Policy Limits
  • Discrimination Defense & Indemnity Coverage
  • Mold, Mildew & Fungus Coverage
  • Deductible Waiver / Deductible Reduction
  • Agent Owned Residential Property Coverage to Full Policy Limits
  • Property Management owned by an insured up to 100%
  • Free Extended Reporting Periods for Death, Disability or Retirement
  • Security Incident-Data Breach Coverage
  • Licensee Disciplinary Proceedings Coverage
  • Subpoena Assistance Coverage
  • Contingent Bodily Injury/Property Damage Coverage