MPA: Real Estate Agent & Brokers E&O Insurance

Real Estate Agents & Brokers Insurance

Real estate agents face numerous uncertainties in their job. With real estate transactions becoming more complex every year, agents are at a greater risk for litigation than ever before. With coverages available for independent real estate agents, firms, appraisers and auctioneers, having the right insurance protections in place is crucial to reduce exposure to the ever-growing risks associated with this industry.

Have questions? Contact Neil McGowan for more information.

Real Estate Agents & Brokers Insurance Application

Real Estate Agents & Brokers Insurance Brochure

Product Details

ELIGIBLE CLASSES

Independent Real Estate Agents & Brokers including Independent Contractors
Real Estate Firms
Real Estate Appraiser Firms
Real Estate Auctioneers

PRODUCT/LIMITS

Errors and Omissions (E&O) Insurance: Up to $5MM

CARRIER

A.M. Best Admitted “A” Rated Carrier / Admitted Paper

TERRITORY

Nationwide except in Alaska, California, Hawaii, Louisiana and New York

SPECIAL FEATURES & COVERAGES

Express “Self-Rate” applications
Incentive for early claims resolution
Broad Form Professional Services
Fair Housing Discrimination – $250,000 with options to buy higher limits
Unlimited retiree, disability or death extended reporting period options
Coverage provided if insured is called as an Expert Witness
Enhanced coverage for the following:
- Reimbursement of Expenses: $7,500 / $25,000
- Disciplinary Actions: $25,000 / $50,000
- Non-Profit D&O Coverage: $15,000 / $30,000
- Subpoena Expenses: $25,000
- Reimbursement for Reputation Expenses: $5,000
- Reimbursement for Security Incident: $25,000 / $50,000

TO OBTAIN QUOTES

Pricing indications are provided with the submission of our application. Quotes are subject to the following:

A thoroughly-completed application, along with all applicable supplements.
Expiring declarations page if insured has current coverage.

TO BIND COVERAGE

The following items are required in order to bind coverage:

A written request to bind.
A thoroughly-completed application.
Expiring declarations page (if insured has current coverage).
Five years of currently-valued, carrier generated loss runs (if claims activity is indicated on the application.

Resources

The Essentials of Real Estate E&O Insurance: Protecting Your Business

This eBook will provide an in-depth understanding of real estate E&O insurance, helping brokers and agents make more informed decisions.

Download our list of the Most Common Claims Against Real Estate Agents

Even the smallest mistake could end up costing an agent a lot of money, or what’s worse is loss of business and solid reputation.

To learn if your coverage will protect you in every situation, download our list of Most Common Claims Against Real Estate Agents.