E&O and Other Insurance
CRES Risk Management Webinar: Understanding Obligations and E&O Issues for Real Estate Brokers
In this webinar, Mark Carlson, attorney from Carlson Law Group and Dave Miller, Regional Vice-President with Fidelity National Home Warranty, discuss real estate broker obligations. They provide valuable insight into what brokers can do to help manage your business risk while supporting your team, especially your new agents. And they also cover the ramifications ofRead More
Real Estate Brokers: How to Communicate With Your Agents About Seller’s E&O
As a real estate professional, you know the importance of errors and omissions (E&O) insurance. It’s professional liability insurance that protects you and your team against potential lawsuits. Seller’s E&O is being offered by innovative real estate E&O companies as part of your firm’s real estate E&O package. It helps your agents win more listings,Read More
Insurance Checklist for Real Estate Professionals: What you need and how to get the most out of your insurance
As a real estate professional, you face risks every day. The best plan of action is to take a proactive approach and manage that risk, rather than being reactive to liability issues that arise. Wouldn’t you rather prevent lawsuits before they happen? What can you do to protect yourself from liability in your real estateRead More
CRES Real Estate E&O Per Transaction Policies
Running a real estate or mortgage brokerage business can be costly, especially in tough economic times like now. When you need to pay real estate Errors and Omissions insurance premiums upfront, this adds financial pressure, which can put a significant strain on cash flow for your business. Yet ,this is how traditional E&O insurance policiesRead More
Workers’ Compensation – What It Is and Why You Need It
If you’re a real estate broker managing a team of real estate professionals, you have a duty of care to protect your team. Have you considered what might happen if one of your team injures themselves in the course of their work? Are you abiding by the workers’ compensation laws in your state? Do youRead More
How a CRES Seller’s Protection Plan Can Boost Your Real Estate Business
Did you know that your sellers are the main target of real estate lawsuits (based on our 20+ years of claims history)? That’s why CRES offers the Seller’s Protection Plan, available exclusively to CRES Errors & Omissions (E&O) Insurance clients. What is the CRES Seller’s Protection Plan and What Does It Cover? A homeowner’s insuranceRead More
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
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
Building Permit History Reports Reduce Liability for You & Your Clients
In real estate, it’s important to reduce your liability wherever possible, so you don’t find yourself facing a lawsuit sometime in the future. Building Permit History Reports from CRES are just one way you can reduce your liability. About 20% of real estate errors and omissions claims relate to permit issues. Whether you’re the buyer’sRead More
Insurance Checklist for Real Estate Offices
Insurance for your real estate office can be confusing due to the liability created by independent contractor real estate licensees. We’re here to make it simple. Here’s what you need to have in addition to real estate Errors and Omissions (E&O) insurance, to protect your assets. Liability and Property Coverage Policies Depending on the sizeRead More