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CLAIMPREVENT® BLOG

E&O and Other Insurance

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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…

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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. …

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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? …

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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…

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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…

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Understanding What Real Estate E&O Insurance Coverage Limits Mean

When you look at your Real Estate Errors and Omissions (E&O) Insurance policy and see “$500,000/$500,000” limits do you know exactly what each number means? When you’re considering…

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Why You Shouldn’t Buy Real Estate E&O Insurance from a General E&O Company

Real estate E&O insurance is unique from other types of business insurance. Each real estate transaction can present a different set of risk considerations, challenges and regulations to…

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How to Be Protected From Real Estate Open House and Showings Lawsuits

Did you know that most real estate E&O insurance policies don’t offer coverage for claims that arise due to injuries or property damage at open houses and showings?…

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How to Reduce Your Real Estate E&O Insurance Deductible

A retention is your total out-of-pocket expense paid before your insurance kicks in. The retention limit on your real estate E&O insurance policy is going to function in…

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Your Real Estate E&O Insurance Q and A

Real estate Errors and Omissions insurance and claims prevention doesn't have to be complicated or scary. We've compiled the most common questions about real estate E&O insurance and…

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Get to Know Us!

We have been at this for a while. Twenty years, to be exact. In that time we have watched our company grow to insure and support over 100,000…

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Are You Protected from Prior Acts? A Guide to How Far Your Real Estate E&O Protection Extends

There are varying schools of thought within the real estate community about the usefulness of personal Errors and Omissons (E&O) insurance. Many professionals still believe that if the…

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Why portable liability coverage is essential for today’s real estate professionals

Real Estate Professionals are in a unique situation in the modern economy. You walk the line between firm insurance and your own personal Errors and Omissions (E&O) insurance.…

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The Big Picture: You May Owe More Than Just Your Deductible

Real Estate E & O covers attorney’s fees and damages, after you've paid your applicable retention (out-of-pocket claims expense).  However, there are many more expenses associated with a…

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Why do you need an individual real estate E&O insurance policy?

Firms typically have basic E&O insurance. However, having individual, personal coverage will not only cover gaps that you might not be aware of, it will give you customized…

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Webinar Event Recap for Real Estate Licensees: It’s not too late to learn how to protect yourself

It’s not too late to learn how to protect yourself from real estate Errors and Omissions insurance coverage loopholes that can leave a real estate career in ruins.…

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Glossary of Insurance Terms

You'll find definitions of common real estate insurance terms by clicking on the topic below. Actual Cash Value (ACV) Actual Damages (also known as compensatory damages) Additional Insured…

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