In a world where lawsuits are the new normal, having extra professional liability insurance is smart, necessary and fundamental. As a real estate specialist, you face particular risks every day. For that reason, it is critical to find a customizable, full-service solution for real estate professional liability insurance.
Professional Liability Insurance
Real estate professional liability insurance, also called errors and omissions coverage, protects your business from people claiming negligent performance of your services, even if you have not made a mistake. Those who should consider this coverage include:
- Real estate firms
- Independent real estate agents and brokers
- Real estate appraisal firms
- Independent real estate contractors
- Real estate auctioneers
The complicated landscape of real estate transactions and the increasing use of litigation to handle problems have promoted an accelerated need for liability insurance. The programs reduce the risk to the agents and real estate firms they represent against potential lawsuits.
Concentrate on Your Business
Liability claims are expensive and you could spend hours defending a case, leaving less time to service your clients. The inherent loss inflicted by a claim of responsibility on a client relationship and the reputation of the firm is significant. A real estate professional liability insurance program provides you with the protection you need, leaving you free to concentrate on your customers. A team of experts can help determine your exposure risks and custom tailor a policy specific to your business.