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Real Estate Agent Professional Liability in 49 States

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Services for Real Estate Pros with Stratum Insurance Agency, LLC

Real Estate Agent Professional Liability in 49 States

 

Stratum Insurance Agency LLC can help with real estate agent and broker E&O in 49 ssates.

Why buy E&O insurance as a real estate agent or broker?

Even if a claim is ruled in your favor, the cost to defend a lawsuit can destroy a business.  With the recent pick up in the real estate market, you are likely to see more transactions.  While this is a good thing, it also leads to more potential claims.   Remember, most general liability policies have an exclusion for professional liability, meaning that it DOES NOT include professional liability coverage, which includes errors and omissions insurance.

Why choose Stratum Insurance Agency?  We work hard to provide you with more than just a quote, offering loss control and risk management resources.  Learn about the business resource center and more.  Ask  a member of the Stratum Insurance Agency team for more information.

 

 

Potential things that can lead to Real Estate Agent Professional Liability Claims:

  • Failure to close a on time
  • Discrimination
  • Recommending a school district
  • Failure to disclose information
  • Recommending a third party service that results in a delayed closing or another problem
  • Many other possibilities

 

 

A sample claim scenario:

 

 

A minority couple was relocating and used a real estate agent who they discovered on the Internet. The clients flew into the area to take a look at homes and discovered that they were only being shown homes in areas predominately inhabited by minorities. When they asked if these were the only homes available that fit their criteria and price range, the realtor stated that these were the only properties available. Upset by this, the couple retained the services of another realtor. They discovered that there were many other properties available and sued the original realtor for discrimination.

 

 

Request a quote for Real Estate Agent E&O Insurance by choosing an option below:

 

 

Do you have employees?  Ask us about employment practice liability insurance for real estate agents and brokers.

 

 

At this time a member of our team can assist with many types of insurance in the following states:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii*, Idaho, Illinois,  Iowa*, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana*, Nebraska, Nevada, New Jersey, New Hampshire, New Mexico, New York*, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island* South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin. and Wyoming residents.

We cannot assist with insurance in the state of Massachusetts.

 

Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi David, you caught my eye with the "49 States" in your title, it makes one wonder why Massachusetts is not participating.

Apr 24, 2013 04:32 PM