Rhode Island Individual Mandatory Real Estate E&O Insurance

Deadline to Renew: April 30, 2018

Starts at just:


for a 1 year policy (Rhode Island now only requires a 1-year policy, so why pay for more than you need?)

Enjoy these included CRES Exclusives:

  • Superior Coverage — $500,000/$500,000 Limits (this is 2 to 5 times what other generic policies offer)
  • Extensive specific-to-real-estate coverage – to address your specific daily risks
  • Legal Advisory Services — access to on-call local attorneys 7 days a week for questions, letters, contract review
  • 25 Free Building Permit History Reports each year

Guaranteed to meet all state requirements. Plus, CRES E&O + ClaimPrevent® far EXCEEDS what other generic programs include. Why? Because we’re experts at protecting real estate professionals – and we know what coverages you really need.

5 Times the Coverage Per Claim – 8 to 100 Times the Protection in These Key Areas

CRES Other Programs*
$500,000/$500,000 limits $100k/$500k
Legal Advisory Services included 7 days a week No help pre-claim, or limited
$500,000 policy limit for Fair Housing/Discrimination $5k
$500,000 policy limit for Lock Box Property Damage $5k/$10k
$500,000 or sales price whichever less for Pollution $5k
$50,000 Data Breach Notification Coverage Not Offered
$30,000 Subpoena coverage $5k
$20,000 – $50,000 Disciplinary Hearings coverage $5k
Agent-Owned SFRs to fourplex Limitations

Just $106 for a one-year policy.  Rhode Island Department of Business Regulation (RIDBR) requires only a one-year policy, so why pay for more?

Plus, you can gain more listings and boost commissions with Seller’s E&O — invest just an additional $5. Your first additional listing will pay for your entire year’s E&O! 

  • Get $500,000 individual claim coverage — 5 times more than other programs!* You’ll have $500,000 total policy coverage ($500,000/$500,000), plus a separate $500,000 limit for defense costs.
  • Included Legal Advisory Services 7 days a week to help prevent small issues from turning into lawsuits.
  • Fair Housing/Discrimination coverage to your policy limit (other policies only cover you for $5k*) – that’s 100 times the coverage!
  • Lock Box Property Damage to your policy limit (other policies cover $5k* per claim) – that’s 100 times the coverage!
  • Pollution / Environmental – coverage up to most recent sales price or $500,000 limit (whichever is less) for just $4 – versus $2.5k* per claim from other programs.
  • $50,000 in Data Breach Notification (compared to $20k* with other programs). As a real estate agent, hackers and scammers are targeting you, and we want you to be protected.
  • $30,000 in subpoena coverage – versus $5k* per incident – 6 times the coverage!
  • $20,000-$50,000 per enrollment period for Disciplinary Proceedings assistance – versus $5k* – at least 4 times the coverage!
  • Agent-Owned Property coverage for SFRs up to fourplex – versus personal residence and percent of ownership limitations with other programs.
  • Conformity Endorsement coverage – if you are a Rhode Island resident, this endorsement amends your Rhode Island policy to conform to E&O requirements of other states where you hold a valid real estate license.
  • 25 Free CRES Building Permit History Reports (a $99.95 value), included with your policy each year, with discounted pricing available on additional reports. Save $2500 on your out-of-pocket claims cost when you provide a Permit to the buyer.  A CRES Exclusive


CRES is a FAR better protection option than other generic policies for most licensees in Rhode Island. We know the risks when you primarily perform residential real estate services – that’s why we include higher limits and more relevant coverage to cover your risks.

Your CRES Real Estate E&O + ClaimPrevent® policy includes access to local expert real estate attorneys available 7 days a week – for questions, writing or reviewing letters and addendums, contract review, and more – to help you actually PREVENT claims.

You may be eligible even if you have past complaints or claims.

As required by RIDBR, our policies cover all real estate activities requiring a license. Our base pricing is for Residential services. If you have received compensation for Commercial services in the past 12 months just add $22.

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*Comparison as of 2-5-18 based on base policy cost for licensees performing activities requiring a license. Comparison based on a review of leading E&O insurance policies available to Rhode Island real estate professionals. Read each policy for a full comparison of coverage and benefits. All coverage is subject to Underwriting and other qualifications.

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Low Cost Optional Coverage

Seller’s E&O Coverage Add $5
Pollution/Environmental Coverage Add $4
Open House/Showings Coverage Add $8
Fair Housing/Discrimination Defense and Indemnity Add $8
Increase Limits to $1M/$1M Liability Add $15
Mortgage Broker Add $4
Appraiser Add $8
Cyber Liability Expanded Coverage Add $35
Defense Outside Limits Add $8

CRES vs. State Program

Watch our video to learn why you get more for less with CRES. Watch our video to learn why you get more for less with CRES.

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