What is risk management/pre-paid legal fees and why do I have to pay this?

Our ClaimPrevent® Risk Management fees (included as part of your real estate E&O premium) help pay for our Legal Advisory Services, available for all insureds to call for advice, document review and more. Much more than typical hotlines staffed by junior attorneys, the CRES ClaimPrevent® Legal Advisory Services are delivered by experienced real estate defense attorneys.  We have 52 attorneys on-call, so you’ll always work with a legal professional who is local and knows your state laws and real estate regulations.

We have attorneys available 7 days a week to get involved early on in a dispute and help resolve the issue before it becomes a claim.  CRES was the first real estate Errors and Omissions company to focus on actually preventing claims — and giving you a legal services benefit for your E&O investment without having an E&O claim.

This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.

Originally Published January 5, 2017

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