Is E&O insurance mandatory for real estate agents?

In some states, E&O insurance is mandatory. Even if it's not legally required, many brokerages require their agents to carry it.

What is 'tail coverage' in E&O insurance?

Tail coverage extends your E&O insurance coverage after you leave a brokerage or retire. It protects you from claims that may arise from past services.

How much E&O insurance coverage do I need?

The appropriate coverage amount depends on your individual circumstances, including your risk tolerance and the value of the properties you typically handle. Consulting with an insurance professional is recommended.

What are some common exclusions in E&O insurance policies?

Common exclusions may include fraudulent acts, criminal activities, and intentional misrepresentation.

How can I reduce my E&O insurance premiums?

You can reduce your premiums by increasing your deductible, maintaining a clean claims history, and participating in continuing education courses.

View Details Explore Now →

Errors and Omissions Insurance for Real Estate Agents: Protect Your Business