Errors and Omissions Insurance

laptop with padlock on keyboard

What Real Estate Brokers Need to Know About Cyber Liability Coverage

Cyber security is a growing issue globally, and the real estate industry is particularly vulnerable because the transactions you’re dealing with are of such high value. This, unfortunately, provides sufficient incentive for criminals to try and make a quick dollar.  According to the Forbes Real Estate Council, real estate wire fraud is one of theRead More

man putting money in his suit jacket

What Real Estate Brokers Need to Know About Fidelity and Crime Bonds

Are you a real estate broker managing multiple real estate agents, either as employees or contractors? As the number of people within your team increases, so does your risk. And, as a real estate broker, it’s important to mitigate these risks and ensure your business is adequately protected. Fidelity and Crime Bonds are one wayRead More

open house for sale sign in yard

Protecting Yourself Against Contingent Liability

As a real estate agent, it’s important to understand what contingent liabilities are and what’s covered under your E&O insurance.  A contingent liability is a liability or debt that may or may not occur depending on the outcome of a specific event. Common examples in the real estate industry are lawsuits and pending investigations, asRead More

subpoena document

Subpoena Coverage: Who Needs It and Why

Recently, a CRES client, a real estate broker, received such a subpoena. One of his former agents had been the listing agent for the family home of the divorcing couple. Although there didn’t appear to have been any assertions made against the broker or the former agent, the broker had been subpoenaed. In this case,Read More

How to Protect Yourself from the Most Common E&O Claims with Better Coverage

Hopefully, you’ve never been sued, had to go to trial, or had a real estate E&O claim. It’s not fun. What can make an already stressful situation even more stressful is if you don’t have Errors and Omissions insurance coverage — or enough coverage, or even the right coverage. You buy insurance thinking it’s goingRead More

two businessman reviewing information on a tablet

A Real Estate Broker’s Guide to Per-Transaction E&O

If you’re looking to purchase or renew your real estate Errors and Omissions insurance for your office, you may want to consider a Per-Transaction payment option. With a Per-Transaction payment, you don’t need to pay the full year’s policy premium upfront. Instead, you pay a monthly amount, based on the transactions you complete each month,Read More

woman-looking-out-of-new-office

Expanding Your Real Estate Services? Don’t Forget to Expand Your E&O to Cover the Risks

Have you expanded your real estate services since you last renewed your real estate E&O insurance? Are you sure you have coverage for everything you’re now engaged in?  (If you have a “generic” E&O policy used for many industries, you may not be covered for many of your real estate activities.) Changes in real estateRead More

Real Estate Agent at firm with individual eo insurance

Do You Need Your Own Real Estate E&O Insurance Policy? Firm vs. Individual

Even if your firm carries amazing real estate E&O insurance, there can still be gaps, limitations and exclusions. These potential gaps vary from firm to firm based on their most common business activities and overall coverage needs. This is why having an individual real estate E&O Policy tailored to your exact activities and history isRead More

man checkmarking real estate eo options

How to Customize Your Real Estate E&O Insurance to Get Exactly What You Need

Odds are that you don’t need every type of coverage that a real estate E&O insurance policy could include. For example, if you’re just getting started in real estate, you likely won’t need to buy extra Full Prior Acts coverage (because you haven’t closed any transactions or ‘prior acts’ if this is your first timeRead More

Agent holding keys to agent owned property

Avoid Real Estate E&O Claims Resulting From Agent-Owned Property Sales

Real estate professionals have an inside track when it comes to buying and selling real estate for their own interest or investment purposes. However, these Agent-Owned Property transactions can create risks that aren’t covered by real estate E&O insurance, leaving agents responsible for costly E&O claims and lawsuits. So how can you reduce your riskRead More

Top tips for making professional looking video tours https://t.co/XeQ24YgMDa Realtors®: offer potential listings Seller's E&O and your "sell faster plan" -- with a 13-month CRES Extended Home… https://t.co/TcTDbunYVe