Real estate careers can be extremely fulfilling, yet also present significant risks. Even one mistake, oversight, or negligence could create major financial implications for your business; such as missed disclosures or inaccurate property descriptions which can cost both parties involved dearly.
Errors and Omissions Insurance for Real Estate California is essential. Otherwise known as E&O insurance, this policy protects both you and your clients against the cost of litigation brought against you due to professional mistakes.
Although not required in all states, real estate agents and brokers should carry professional liability insurance regardless of whether their state mandates it. Many clients require you to present them with proof of coverage as a prerequisite to working together; without it, any claims from your work would have to be covered out-of-pocket by you alone.
Real estate professionals are responsible for providing clients with accurate information regarding properties, as well as managing complex sales and rentals transactions. Any misstep or miscommunication could result in legal complications that threaten the financial wellbeing of your business.
Errors and omissions insurance real estate califonia provides essential protection to you by covering attorney fees, court costs and settlements in case you’re sued related to real estate services; keeping your business operational even after costly litigation costs have depleted cash reserves.
Errors and omissions policies typically provide cover for legal fees, court costs and settlements up to your coverage limit. They can also assist your business with costs incurred in investigating and defending against claims even when they may be baseless; it’s best practice to notify your insurer as soon as a written demand or claim arises so they can provide maximum protection.
Victor’s Real Estate Error and Omission (E&O) program provides modern, flexible coverage that meets today’s marketplace demands. Our policy offers standard E&O coverage plus optional extras such as general liability and workers’ compensation coverage – our team can customize an E&O policy specifically to your unique needs and budget!
Start quoting online anytime of day or night or speak to one of our team members directly about your real estate E&O insurance needs – then let us provide a fast and simple quote for it. Additionally, we can bundle it with other policies like general liability and workers’ comp for an effortless experience – giving you all of the flexibility to build the tailored solution you need for your real estate business. NAR REALTOR Benefits members have exclusive access to Victor for an E&O policy at an exclusive member price that is not offered elsewhere! This special offer cannot be found elsewhere!