Professional Liability Insurance for Real Estate Services
We offer errors and omissions (E&O) professional liability insurance for financial protection against claims of mistakes or professional misconduct in your professional real estate services.
Why Do Real Estate Professionals Need E&O Insurance?
E&O professional liability insurance is crucial for real estate professionals, safeguarding against industry specific risks like misrepresentation, contractual issues, and regulatory compliance.
Real Estate Services Coverage Solutions
Our E&O professional liability insurance for real estate agents offers:
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$5M capacity
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Coverage for independent contractors
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Contingent BI/PD
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Open house
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Lock box
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Failure to disclose pollutants
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Fair housing/discrimination
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Broad definition of services
Target Accounts
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Up to $10M in gross commission income/revenues
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Real estate agents/brokers & property managers
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Appraisers
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Auctioneers
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Mortgage brokers
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Vacation rentals
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Eligibility for management and sale of owned property (no active development)
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Nonstandard risk focus - eligibility for difficult jurisdictions and service mix
Real Estate Express
Real Estate Express is our online platform designed to make obtaining E&O coverage for real estate agents and property managers faster and easier. With this system, you can quote, bind, and issue policies in just minutes.
Why Choose Verus?
- Rapid Policy Delivery: With Real Estate Express, speed isn’t just a feature—it’s the foundation.
- Operational Efficiency: Our online platform makes the process seamless and ensures your policy is delivered with lightning-fast precision and it is accessible anytime.
- Technological Automation: Our automated quote, bind and issue platform is tailored for Real Estate businesses generating $250K or less in revenue, minimizing manual intervention and reducing underwriting cycle times.
Targeted Classes
- Property Managers 10614
- Real Estate Agent Commercial 10615
- Real Estate Agent Residential 10616
Appetite Highlights
- Businesses with revenue of $250K or less
- Offering limits up to $1M/$1M
- Coverage for sale or management of properties with ownership interest
- Defense inside the limit
- $500,000 discrimination limit
- $500,000 failure to disclose pollutant sublimit
- $100,000 lockbox & open house claim sublimit
- $50,000 contingent BI/PD
- Minimum premium starts at $1,400
- Not available in the state of California
Real Estate Express is available through our Verus Broker Portal. For login credentials, contact [email protected]
PL Accelerator - Real Estate
For small uncomplicated businesses seeking Errors & Omissions coverage, PL Accelerator offers a fast and simple solution. Complete a short application, if all answers are "No", just email it to us. We'll bind the coverage and issue the policy, no additional underwriting required. Simple and fast!
Our E&O professional liability insurance for real estate agents and property managers offers:
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Minimum premium starting at $1,400
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Businesses with revenue of $250K or less
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Limits offered:
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$500K/$500K
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$500K/$1M
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$1M/$1M
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Coverage for sale or management of properties with ownership interest
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Defense inside the limit
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$500,000 discrimination limit
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$500,000 failure to disclose pollutant sublimit
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$100,000 lockbox & open house claim sublimit
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$50,000 contingent BI/PD
DOCUMENTS:
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Application and Bind Form
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PL Accelerator Specimen Policy
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Marketing Collateral Sheet
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PL Accelerator Quick Guide
Let’s Get Started
Our team is standing by and ready to create the E&S insurance solution that meets your unique needs.