Real estate E&O insurance provides essential protections, including financial safety, increased credibility, peace of mind, easier business attraction, support during claims, and enhanced training.
An important aspect of coverage brokers and agents must consider is the dollar limits of their policy. To ensure adequate protection, they will need to understand terms such as per claim limit, aggregate limit and defense vs. indemnity.
Securing the best rates also requires brokers and agents to shop for policies well before renewal dates, identify potential providers to compare their offerings, and demonstrate risk management efforts to insurers.