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E&O and Other Insurance

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Everything You Need to Know About Business Owner’s Policies in Real Estate

When Does a Real Estate Professional Need a Business Owner’s Policy? Real estate professionals face a multitude of risks every day. A Business Owner’s Policy protects your real…

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Why All Real Estate E&O Insurance Policies Are Not Equal

Not all real estate Errors & Omissions (E&O) insurance policies for real estate companies, brokers, and licensees are created equal. The differences between policies and what different insurers…

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When Real Estate Errors & Omissions Insurance is Required

*Comparison based on base policy cost for licensees performing activities requiring a license. Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All…

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The Ultimate Guide to Understanding Real Estate Errors and Omissions Insurance

As a real estate professional, you need to be aware of the risks within your business – and take advantage of the vital tools to mitigate those risks…

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7 Times the Wrong Real Estate E&O Insurance Won’t Cover You

As a real estate professional, you must protect both yourself and your real estate business from potential risks and liabilities. Real Estate Errors and Omissions (E&O) insurance can…

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E&O Retroactive Date, Prior Acts, and Match Priors: how does it work?

Most real estate Errors and Omissions insurance policies are “Claims Made” policies. They provide coverage for claims made and reported during the policy period. Claims Made policies cover…

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What Real Estate Brokers Should Look for When Comparing Business Owner’s Policies

When you own a real estate brokerage, you likely need a Business Owner’s Policy, to combine general liability insurance with commercial property insurance. But not all Business Owner’s…

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Your Real Estate Licensees Can Give Home Sellers Breakthrough Disclosure Protection

Many a lawsuit has happened because a buyer finds an issue post-closing and blames the seller for not disclosing key defects. Even when sellers have been honest in…

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Why Your Specific Real Estate Activities in the Past MUST Be Covered in All Future E&O Policies

Real estate licensees can find themselves in a challenging situation if they haven’t read the fine print when switching insurers. Not having current coverage for SPECIFIC past activities…

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What Insurance Does an Escrow Officer Need?

Escrow Officers have a significant responsibility in real estate transactions. Accuracy and attention to detail are important. There are many risks involved and if something goes wrong, an…

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What Insurance Does a Mortgage Broker Need?

Mortgage Brokers play an important role in real estate transactions. But, as with other professions in real estate, you face many risks in your everyday business. Oversights, errors…

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What Insurance Does a Real Estate Appraiser Need and Why?

Insurance is critical for all real estate professionals. For appraisers, you want to be confident that your insurance covers the exact risks you face in your appraisal business.  …

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Real Estate E&O Tail Coverage – Everything You Need to Know

Tail E&O Coverage for real estate professionals ensures you’re covered for past transactions, even after your E&O insurance coverage has lapsed. It’s especially useful if you’re retiring or…

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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 to run your business

As a real estate professional running a business, you face risks every day. The best plan of action is to take a proactive approach and manage that risk,…

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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 real estate or mortgage brokerage office, you may want to consider 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, a real estate appraiser who doesn’t perform…

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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 levels of understanding among real estate licensees about how Errors and Omissions (E&O) insurance protects them from claims and lawsuits involving prior transactions . .…

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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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4 Key Reasons to Have Individual Real Estate E&O Insurance

Firms typically have basic E&O insurance — which may or may not protect you and your real estate business. Most real estate licensees don't know everything you should…

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Top 8 E&O Loopholes When Individual Licensees Rely on Their Real Estate Firm’s E&O Coverage

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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