Louisiana Real Estate Brokerage Errors & Omissions Insurance: Extensive Coverage You Control + Pre-Claim Legal Help

Many real estate brokerages have a company (or broker) E&O policy for more extensive protection

Consider your options now for 2026 Real Estate E&O

• Compared to the limits of individual licensee policies, your real estate brokerage will likely qualify for 2 to 10 times higher limits — so everyone gets more extensive protection
• You specify which individual coverages you want in your plan. No more just hoping your licensees avoid policies with typical bare-bones coverage, especially in critical risk areas (like the minimal state group program)
• Your brokerage is still covered if licensees let their policies lapse
• No tail coverage needed with an Excess policy

Learn more about the benefits of having a company E&O policy

Which Louisiana real estate brokerage E&O plan should you consider?

The Louisiana Real Estate Commission (LREC) specifies Errors and Omissions Insurance limits depend on number of licensees. For firms with 1-5 licensees, required limits are $500,000/$1 million. For 6 or more licensees, $1 million/$1 million coverage is required.  (Reference: Louisiana Real Estate Commission E&O Requirements.)

As a real estate brokerage, you have two options: 1. Choose an Office policy to protect all of your agents and employees, or 2. Choose an Excess policy and have your agents purchase their own E&O (from us or anyone they choose). We can help you decide what works best for your brokerage.

Real Estate E&O Office Policy

• Get as much protection as you need: limits up to $3,000,000
• Broad coverage and higher limits in individual coverage areas
• Retention (out-of-pocket claims expense) from $1,000 to $100,000

E&O Excess Policy

• Sits above the licensees’ limits to provide a full $1 million -$3 million in coverage for a claim
• No additional out-of-pocket claims expense once the licensee’s retention has been paid
• Fixed annual premium
• Adds coverage for ex-licensees and employees

Unequaled access to more options — for extensive real estate broker E&O protection at an exceptional value

We’re part of one of the largest insurance brokers in the world (Gallagher)  — giving us unparalleled access to more real estate broker E&O (or company E&O) options than anyone. We’ve done the shopping for you, to find the most extensive coverage at an exceptional value.

And with CRES, you’ll also have an expert  claim prevention team on your side.

CRES real estate E&O plan innovations make you more competitive

• Win More Listings — with Seller’s Protection Plan as part of your real estate E&O. It protects all of your sellers with $25,000 of coverage for damages and defense costs up to 6 months after closing!
• Stand Out to Buyers— Your licensees can show buyers the permits on a property with CRES Building Permit History Reports (25 free reports per policy year). You’ll reduce your out-of-pocket claims expense up to $2,500.
• Address Issues BEFORE They Become Bigger Problems with ClaimPrevent® Legal Help — You’ll have access to a local expert real estate attorney to help you resolve issues proactively with CRES Legal Services.
• Reduce Your Retention (out-of-pocket claims expense) — Use a CRES home warranty with up to $50,000 in Seller’s E&O, and reduce your out-of-pocket claims expense up to $5,000.*  (Use both a CRES home warranty and Building Permit History Report and reduce retention up to $7,500*.)
• Coverage for Past Transactions — Your past transactions are covered for as long as you’ve had continuous E&O insurance with any company.

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Revenue over $1 Million: Get a Quote and Buy Online

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