Real Estate Agents Errors and Omissions
One Minute Overview
This coverage protects a real estate agency against claims for damages for financial loss due to alleged negligence by the agency in the conduct of negotiations and business performance for others. Like all forms of errors and omissions insurance, a proposal form must be completed and submitted for a rate quote and policy issuance. The premium charge is based on amount of insurance, the deductible, the number of partners and other associates, and the gross income from handling real estate business.