Superior E&O Coverage with Pre-Claim Legal Help:
North Dakota Real Estate E&O Insurance for Your Brokerage
Extensive Real Estate E&O Protection that You Control
- More Protection overall up to $3 million
- Broader coverage with higher limits in critical risk areas
- Expert Legal Services Pre-Claim to help resolve issues
We also have more options than just about anyone for Business Owner’s Policies, Cyber Liability Policies, Workers’ Compensation Insurance, and Surety Bonds.
More North Dakota real estate brokerages are choosing a company E&O policy. Here’s why …
- Boosts your overall coverage when you need it — up to $3 million
- Gives you control over the risks you cover and the amount of protection for each covered area. Your licensees will likely purchase minimal coverage (especially if they’re using the state group plan), leaving your brokerage potentially unprotected for out-of-pocket attorney fees and damages
- Customizes your policy to the specific risks in your business
- Gives your licensees better protection
- No tail coverage needed when you choose an Excess policy
Learn more about the differences in benefits of having a company E&O policy
Are you looking for a North Dakota errors & omissions plan for an individual agent?
Give Your Brokerage Superior Real Estate E&O Protection at an Exceptional Value with CRES
- No one has access to all of the E&O options we can offer you, because we’re part of one of the largest insurance brokers in the world. Larger brokers have access to more options to find you superior coverage for an exceptional value — and we have access to more options than just about anyone else.
- You’ll have our highly rated claim prevention team to help you pre-claim. Our ClaimPrevent® expert real estate attorneys are available to help you resolve small issues before they escalate.
Plus, our innovations help you protect and grow your business. With CRES E&O, your team will have new tools to win listings and dazzle buyers – while reducing your risk . . .
- Dazzle Buyers— Receive 25 free Building Permit History Reports each policy year to reveal the permits on a property. Providing a report to a buyer reduces your out-of-pocket claims expense up to $2,500.
- Win Listings — Seller’s E&O Protection Plan gives your sellers $25,000 of coverage for damages and defense for 6 months after closing in case of an unhappy buyer. Include it in your E&O plan, and mention it as a unique seller benefit in your advertising and pitch to potential sellers. Every listing your brokerage signs receives this protection. Your team will stand out from the competition and win more listings!
Plus, Coverage for Past Transactions — Your past transactions are covered for as long as you’ve had continuous E&O insurance with any company.
Which North Dakota Real Estate Errors & Omissions Plan is Right for Your Brokerage?
1. Choose an Office policy to protect all of your licensees and employees, or
2. Choose an Excess policy and have your licensees purchase their own E&O (from CRES or anyone they choose).
We can help you decide what best meets your needs.
Real Estate E&O Office Policy
- Get as much protection as you need: limits up to $3,000,000
- Includes broad protection and higher limits in individual coverage areas
- Choose your participation level: 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 $1-3 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
Revenue under $1 Million: Get a Quick Quote
* Seller’s E&O coverage and other benefits are feature-based and warranty specific. The E&O Retention (Out-of-Pocket Claims Expense) Reduction applies to any real estate licensed Real Estate Services Council Risk Purchasing Group, LLC. (“RESCRPG”) member who personally pays for the Home Warranty Plan. These benefits are offered by, and intended for, the members of RESCRPG. RESCRPG membership is part of your CRES E&O policy. Other warranties may also qualify for an E&O Retention Reduction, but only those warranties listed here are guaranteed to qualify. Not available in all states. Certain restrictions apply. Read each policy for a full comparison of coverage and benefits. All coverage is subject to Underwriting and other qualifications.