E&O Insurance for Real Estate Professionals

E&O Insurance for Real Estate Professionals

Errors and Omissions Insurance Program for Real Estate Professionals REAL ESTATE AGENTS & BROKERS GROUP 1

Errors and Omissions Insurance Program for Real Estate Professionals REAL ESTATE AGENTS & BROKERS GROUP 2

Errors and Omissions Insurance Program for Real Estate Professionals REAL ESTATE AGENTS & BROKERS GROUP 3

Choose Your Program

E&O Program Introduction

  • Protecting yourself against errors, omissions, or accusations of negligence has never been easier. The Real Estate E&O Program powered by 360 Coverage Pros provides peace of mind while you focus on your day to day business. With one of the easiest click and bind coverage processes in the industry at extremely affordable prices, the choice is easy!
    • Designed for Real Estate Agents and Brokers with primary real estate activity conducted in AL * AR * AZ * CT * FL * GA * IL * IN * KS * MA * ME * MI * MN * MO * NC * NH * NV * OH * OK * OR * SC * UT * VA * VT * WI * WV.
    • Bundled coverage with options for Mortgage Broker and Property Management Coverage
    • Fast and easy online application….No more waiting for coverage
    • Instant proof of insurance
    • First-class customer care professionals standing by to answer your questions
    • Underwritten by an admitted, A.M. Best "A+" (Superior) rated carrier
    • Need a custom quote?

Pricing Information

$100,000 per claim / $300,000 annual aggregate

BASIC with $2,500 Retention: Coverage for acts as a real estate agent or broker subject to a $2,500 retention. Coverage extends to all agents placing transactions through the Named Insured including licensed and unlicensed support staff and administrative employees, but only while acting on behalf of the Named Insured while providing covered professional services as defined in the policy.

$530.00/YR
   View more limit, coverage and pricing options
  • Premium and fees are fully earned and non-refundable upon enrollment. Pricing includes a $75 RPG Membership Fee and $75 Risk Management Fee. A $20 service fee will be charged for any non-sufficient funds transaction.

Program Eligibility

  • This E&O insurance is specifically designed for:
    • Real Estate Agents, Brokers, Brokerage Firms, and Real Estate Companies placing transactions through a brokerage firm.
    • Applicants with gross annual revenues (for brokerage firms this is total firm commission revenue) of $600,000 or less; and, less than 25% of their annual revenues derived from property management and mortgage brokerage services combined.
    Please note that several states are not part of the 360 Coverage Pros Real Estate E&O program and will be directed to an individually underwritten CRES application.

Program Features

  • Extensive Real Estate E&O Coverage available including optional coverage for Property Management and Brokerage Services.
    • Coverage includes:
      • All services for which a real estate license is required, excluding any: mortgage brokering, property management, business brokering, syndications, development of property or exclusive listing agreements with a builder or developer.
      • The following services, only in relation to real estate: consulting/counseling/accredited standards review, expert witness testimony, notary services, short sale price negotiation, transaction coordination.
    • Endorsed Coverages:
      • Agent Owned Property
      • Broad Form (Reimbursement of Expenses, Disciplinary Proceedings, Subpoena Assistance, Limited First Party Cyber Liability)
      • Discrimination: Indemnity & Defense
      • Up to $500k Pollution Sublimit (failure to disclose)
      • $100k Open House Sublimit (includes Bodily Injury & Property Damage)
    • Optional Coverages:
      • Property Management where an executed written property management contract exists between the insured and property owner
      • Brokering of mortgage loans secured by residential real estate and funded by a financial institution.
  • Coverage extends from the Named Insured to those acting on behalf of the Named Insured who are:
    • Stockholders, members, and partners
    • Officers, directors and employees of the Named Insured
    • Franchisor coverage included for vicarious liability
    • Independent contractor engaged in real estate as a broker or agent of the Named Insured
  • Pain-less automatic renewal. You have a lot on your plate – don’t waste time on cumbersome renewal applications. As long as you still qualify at renewal, we’ll automatically renew your policy using the payment information on file.
  • Extended Reporting Period Available - see policy for details.
  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Instant proof of insurance upon approval.
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $100,000 per incident / $300,000 annual aggregate
  • $250,000 per claim / $250,000 annual aggregate
  • $500,000 per claim / $500,000 annual aggregate
  • $500,000 per claim / $1 Million annual aggregate
  • $1 Million per claim / $1 Million annual aggregate

Deductibles and Retentions

  • $1,000 each claim
  • $2,500 each claim

Payment Options

  • Payments in full via credit card or electronic funds transfer (EFT).

Underwriter

  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
  • Your coverage is secured by HDI Global Insurance Company, an outstanding insurance company rated "A+" (Superior) by A.M. Best.

Disclosures

  • A.M. Best rating and other disclosures.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Real Estate Services Council Risk Purchasing Group LLC. This RPG is a NV non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of this RPG is covered for separate limits of liability and is required to pay all premiums when due.
    • Risk Purchasing Groups differ from traditional insurance companies in several ways, for example:
      • Permitted by Federal Law – “Liability Risk Retention Act of 1986”
      • A group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer
      • May be exempt from some state insurance regulations
      • May not be covered by various state guarantee funds
    • Arthur J. Gallagher & Co, and any of its subsidiaries do not guarantee the financial viability of any insurance company, carrier, pool, risk retention group, or other means of risk transfer or risk sharing.
  • All policy related documents and communications are delivered in electronic format where allowable by law.
  • For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

E&O Program Introduction

  • Protecting yourself against errors, omissions, or accusations of negligence has never been easier. The Real Estate E&O Program powered by 360 Coverage Pros provides peace of mind while you focus on your day to day business. With one of the easiest click and bind coverage processes in the industry at extremely affordable prices, the choice is easy!
    • Designed for Real Estate Agents and Brokers with primary real estate activity conducted in DE * MD * NJ * PA * TX.
    • Bundled coverage with options for Mortgage Broker and Property Management Coverage
    • Fast and easy online application….No more waiting for coverage
    • Instant proof of insurance
    • First-class customer care professionals standing by to answer your questions
    • Underwritten by an admitted, A.M. Best "A+" (Superior) rated carrier
    • Need a custom quote?

Pricing Information

$100,000 per claim / $300,000 annual aggregate

BASIC with $2,500 Retention: Coverage for acts as a real estate agent or broker subject to a $2,500 retention. Coverage extends to all agents placing transactions through the Named Insured including licensed and unlicensed support staff and administrative employees, but only while acting on behalf of the Named Insured while providing covered professional services as defined in the policy.

$595.00/YR
   View more limit, coverage and pricing options
  • Premium and fees are fully earned and non-refundable upon enrollment. Pricing includes a $75 RPG Membership Fee and $75 Risk Management Fee. A $20 service fee will be charged for any non-sufficient funds transaction.

Program Eligibility

  • This E&O insurance is specifically designed for:
    • Real Estate Agents, Brokers, Brokerage Firms, and Real Estate Companies placing transactions through a brokerage firm.
    • Applicants with gross annual revenues (for brokerage firms this is total firm commission revenue) of $600,000 or less; and, less than 25% of their annual revenues derived from property management and mortgage brokerage services combined.
    Please note that several states are not part of the 360 Coverage Pros Real Estate E&O program and will be directed to an individually underwritten CRES application.

Program Features

  • Extensive Real Estate E&O Coverage available including optional coverage for Property Management and Brokerage Services.
    • Coverage includes:
      • All services for which a real estate license is required, excluding any: mortgage brokering, property management, business brokering, syndications, development of property or exclusive listing agreements with a builder or developer.
      • The following services, only in relation to real estate: consulting/counseling/accredited standards review, expert witness testimony, notary services, short sale price negotiation, transaction coordination.
    • Endorsed Coverages:
      • Agent Owned Property
      • Broad Form (Reimbursement of Expenses, Disciplinary Proceedings, Subpoena Assistance, Limited First Party Cyber Liability)
      • Discrimination: Indemnity & Defense
      • Up to $500k Pollution Sublimit (failure to disclose)
      • $100k Open House Sublimit (includes Bodily Injury & Property Damage)
    • Optional Coverages:
      • Property Management where an executed written property management contract exists between the insured and property owner
      • Brokering of mortgage loans secured by residential real estate and funded by a financial institution.
  • Coverage extends from the Named Insured to those acting on behalf of the Named Insured who are:
    • Stockholders, members, and partners
    • Officers, directors and employees of the Named Insured
    • Franchisor coverage included for vicarious liability
    • Independent contractor engaged in real estate as a broker or agent of the Named Insured
  • Pain-less automatic renewal. You have a lot on your plate – don’t waste time on cumbersome renewal applications. As long as you still qualify at renewal, we’ll automatically renew your policy using the payment information on file.
  • Extended Reporting Period Available - see policy for details.
  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Instant proof of insurance upon approval.
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $100,000 per incident / $300,000 annual aggregate
  • $250,000 per claim / $250,000 annual aggregate
  • $500,000 per claim / $500,000 annual aggregate
  • $500,000 per claim / $1 Million annual aggregate
  • $1 Million per claim / $1 Million annual aggregate

Deductibles and Retentions

  • $1,000 each claim
  • $2,500 each claim

Payment Options

  • Payments in full via credit card or electronic funds transfer (EFT).

Underwriter

  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
  • Your coverage is secured by HDI Global Insurance Company, an outstanding insurance company rated "A+" (Superior) by A.M. Best.

Disclosures

  • A.M. Best rating and other disclosures.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Real Estate Services Council Risk Purchasing Group LLC. This RPG is a NV non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of this RPG is covered for separate limits of liability and is required to pay all premiums when due.
    • Risk Purchasing Groups differ from traditional insurance companies in several ways, for example:
      • Permitted by Federal Law – “Liability Risk Retention Act of 1986”
      • A group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer
      • May be exempt from some state insurance regulations
      • May not be covered by various state guarantee funds
    • Arthur J. Gallagher & Co, and any of its subsidiaries do not guarantee the financial viability of any insurance company, carrier, pool, risk retention group, or other means of risk transfer or risk sharing.
  • All policy related documents and communications are delivered in electronic format where allowable by law.
  • For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

E&O Program Introduction

  • Protecting yourself against errors, omissions, or accusations of negligence has never been easier. The Real Estate E&O Program powered by 360 Coverage Pros provides peace of mind while you focus on your day to day business. With one of the easiest click and bind coverage processes in the industry at extremely affordable prices, the choice is easy!
    • Designed for Real Estate Agents and Brokers with primary real estate activity conducted in HI * CA.
    • Bundled coverage and multiple limit options
    • Fast and easy online application….No more waiting for coverage
    • Instant proof of insurance
    • First-class customer care professionals standing by to answer your questions
    • Need a custom quote?

Pricing Information

$500,000 per claim / $500,000 annual aggregate

BASIC with $2,500 Retention: Coverage for acts as a real estate agent or broker subject to a $2,500 retention. Coverage extends to all agents placing transactions through the Named Insured including licensed and unlicensed support staff and administrative employees, but only while acting on behalf of the Named Insured while providing covered professional services as defined in the policy.

$750.00/YR
   View more limit, coverage and pricing options
  • Premium and fees are fully earned and non-refundable upon enrollment. Pricing includes a $100 RPG Membership Fee and $150 Risk Management Fee. A $20 service fee will be charged for any non-sufficient funds transaction.

Program Eligibility

  • This E&O insurance is specifically designed for:
    • Real Estate Agents, Brokers, Brokerage Firms, and Real Estate Companies placing transactions through a brokerage firm.
    • Applicants with gross annual revenues (for brokerage firms this is total firm commission revenue) of $150,000 or less.
    Please note that several states are not part of the 360 Coverage Pros Real Estate E&O program and will be directed to an individually underwritten CRES application.

Program Features

  • Extensive Real Estate E&O Coverage available.
    • Coverage includes all services for which a real estate license is required, excluding any: mortgage brokering, property management, business brokering, syndications, development of property or exclusive listing agreements with a builder or developer.
    • The following services, only in a relation to real estate: consulting/counseling/accredited standards review, expert witness testimony, notary services, short sale price negotiation, transaction coordination.
    • Endorsed Coverages:
      • Agent Owned Property
      • Broad Form (Reimbursement of Expenses, Disciplinary Proceedings, Subpoena Assistance, Limited First Party Cyber Liability)
      • Discrimination: Indemnity & Defense
      • $100k Pollution Sublimit (failure to disclose)
      • $100k Open House Sublimit (includes Bodily Injury & Property Damage)
  • Coverage extends from the Named Insured to those acting on behalf of the Named Insured who are:
    • Stockholders, members, and partners
    • Officers, directors and employees of the Named Insured
    • Franchisor coverage included for vicarious liability
    • Independent contractor engaged in real estate as a broker or agent of the Named Insured
  • Pain-less automatic renewal. You have a lot on your plate – don’t waste time on cumbersome renewal applications. As long as you still qualify at renewal, we’ll automatically renew your policy using the payment information on file.
  • Extended Reporting Period Available - see policy for details.
  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Instant proof of insurance upon approval.
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $500,000 per claim / $500,000 annual aggregate
  • $1 Million per claim / $1 Million annual aggregate

Deductibles and Retentions

  • $2,500 each claim

Payment Options

  • Payments in full via credit card or electronic funds transfer (EFT).

Underwriter

  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
  • Your coverage is secured by HDI Global Insurance Company, an outstanding insurance company rated "A+" (Superior) by A.M. Best.

Disclosures

  • A.M. Best rating and other disclosures.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Real Estate Services Council Risk Purchasing Group LLC. This RPG is a NV non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of this RPG is covered for separate limits of liability and is required to pay all premiums when due.
    • Risk Purchasing Groups differ from traditional insurance companies in several ways, for example:
      • Permitted by Federal Law – “Liability Risk Retention Act of 1986”
      • A group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer
      • May be exempt from some state insurance regulations
      • May not be covered by various state guarantee funds
    • Arthur J. Gallagher & Co, and any of its subsidiaries do not guarantee the financial viability of any insurance company, carrier, pool, risk retention group, or other means of risk transfer or risk sharing.
  • All policy related documents and communications are delivered in electronic format where allowable by law.
  • For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Frequently Asked Questions
Frequently Asked Questions