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What is Real Estate Errors and Omissions Insurance?

Real Estate Errors and Omissions Insurance (E&O) is a line of coverage designed to protect businesses that specialize in real estate. It mostly covers real estate agents and brokers, however it can be extended to cover landlords and a few other classifications. Just as any normal E&O policy will do, a Real Estate E&O policy protects the insured against any mistakes due to negligence or breach of contract made while doing business. The coverages are tailored for this specific line of work.

Why Purchase Real Estate E&O?

A Real Estate E&O policy can cover costs for legal defense as well as settlements for negligence and breach of contract. Hiring a lawyer or reaching a settlement out of court can cost a business a lot of money. Many small agencies do not have the ability to pay for these costs on their own. Even proving non-negligence in court can have huge costs. For example, a home inspector is hired to check a house before a couple purchases it. This inspector informs the couple about minor structural damage that should be taken care of, but it does not need to be fixed right away. A week later, that portion of the house collapses. The couple sues the home inspector for negligence. Without a real estate E&O policy the inspector would have to pay to settle or to hire a lawyer, which could potentially ruin his business. But with the right coverage the risk of negligence can be protected.


The Apogee Advantage

Our Real Estate Errors and Omissions insurance available through A++ rated, A.M. Best, admitted and non-admitted markets throughout all 50 U.S. states.

Coverage May Include

Protection against financial losses from lawsuits filed due to error, omission, or negligence in regard to your duties as a real estate agent(s).

  • Environmental Pollutants coverage
  • Full Prior Acts coverage available
  • Defense outside the limit
  • Duty to defend
  • Internet coverage provided
  • Optional Package policy with errors & omissions, general liability and business personal property coverage. General liability includes coverage for bodily injury arising out of professional services

Apply Now

First time customers, learn about Apogee and fill out our form.

Send submissions to submissions@apogeeinsgroup.com

Submission Requirements:

  • Application
  • Loss runs, if available
  • Resumes of key personnel
  • Sample customer contract
  • Copy of current declarations page

Real Estate Errors and Omissions Application:

 

Available Markets

USLI
Markel
Ace
HCC
Admiral
BRP
Stateside
CNA
Catlin
Hiscox

See Apogee ProductsWe Place All Types of Professional Liability

Last Updated: April 8, 2020 2:35PM   HOW APOGEE IS RESPONDING: We know there are many concerns as the COVID-19 (Coronavirus) pandemic continues to unfold. We want to assure you that we are committed to working through these challenges together with you. We recognize that people will be facing a variety of different hardships and we will do everything we can to accommodate. We are all in this together. Our entire team remains dedicated to our customers, working virtually and safely from their homes to meet our customer service promises: Our underwriters are available by telephone and email with full quoting functionality with expertise and speed. Click here for a list of our team's extensions. Our salespeople continue to “meet” with our customers virtually over video conference to assist with policyholder questions surrounding new teleworking exposures, payment concerns, and general pandemic assistance. Our website will remain fully functional, and you can continue to submit new business requests HERE. Our telephone lines and email inboxes are up and running without interruption. We continue to accept all premium payments via check received at our Lockbox. Please ensure that premium payments are sent to:  M&T Bank c/o Apogee Insurance Group Box # 69170 1800 Washington Blvd-8th Floor Baltimore, MD 21230   UPDATES FROM OUR MARKETS: ArgoBeazleyBRPChubb HiscoxHudsonHudson Lloyd's MarkelOneBeaconUSLI   CARES ACT RESOURCES: CARES Act: This bill addresses economic impacts of, and otherwise respons to, the COVID-19 (coronavirus) outbreak BRC GuideThis guide includes information regarding types of loans available to small businesses, eligibility requirements, how to apply for a loan, and more.   LEGISLATIVE & STATE UPDATES: if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ window.attachEvent("message", function(event) { if( event.data.length >= 22) { if ( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } ul.map li { float: left; margin: 0 25px 0 0px; width: 120px; border: 0px solid; height: 45px; padding-left: 6px; } ul.map { list-style: square url(https://createaclickablemap.com/li-arrow.png) !important; } ul.map li a{ margin: 0;padding: 0; text-decoration:underline; font-family:Arial, Helvetica, sans-serif; font-size:12px; font-weight:normal; color:#4591b1; } ul.map li a:hover{ text-decoration:none; color:#214b6e;} .linkBack{ display:block; width:130px; position: relative; bottom: 0px; left: 660px; font-family: Arial,Helvetica,sans-serif; font-size: 10px; font-style:italic; color:#666666;} .linkBack a {color:#666666;}.linkBack a:hover{color:#666666;text-decoration: none;} Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming                   ADDITIONAL RESOURCES: Free cyber risk analysis and reports for hospitals, healthcare entities or any organization on the frontlines of the healthcare response to the COVID-10 pandemic Reduction in Force Supplement