Real Estate Errors and Omissions Insurance

Ideal Accounts and Appetite

This program targets real estate firms involved in:

• Residential sales
• Commercial sales
• Real estate leasing
• Third-party property management

Coverage can also be extended to firms with secondary or incidental services such as:

• Real estate consulting and counseling
• Real estate auctioneering
• Mortgage brokerage (incidental)
• Business opportunities brokerage
• Short-term escrow services

If you place accounts that combine sales, leasing, and management services, or you represent brokerages with occasional mortgage or consulting exposure, this program is likely a strong fit.

Coverage Highlights and Advantages

Colonial General’s Real Estate E&O program delivers flexible, market-focused protection and options agents rely on, including:

• Claims-made and reported form
• Automatic coverage for newly acquired entities and predecessor firms
• Protection for sales of agent-owned property
• Defense for disciplinary proceedings
• Defendant reimbursement and first-dollar defense options
• Discrimination defense coverage — $100,000 included with higher limits available
• Environmental hazards coverage — available up to full policy limits
• Lockbox / keyless entry coverage — up to $50,000
• Coverage for death or disability of a sole proprietor
• Innocent insured protection
• Extended reporting periods — 1, 3, 5 years, and unlimited tail options
• Retiree tail coverage — available for qualified sole proprietors
• Deductible credits — 50% reduction when claims are resolved through alternative dispute resolution

Underwriting Notes and Minimum Premiums

Limits of liability start at $100,000/$100,000, with deductibles available as low as $2,500. Claims expense may be offered outside the limits at the carrier’s discretion. Minimum premiums are competitive, starting at approximately $750, depending on carrier selection and risk characteristics.

Note: Specific coverage features, limits, and pricing can vary by carrier used to place the risk.

Territories and Availability

This E&O program is available in: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Admitted markets are available in some territories depending on the risk and carrier appetite; excess & surplus options are also placed where appropriate.

Why Work With Colonial General Insurance Agency?

Colonial General is a Managing General Agency and Excess & Surplus Lines Broker with extensive experience placing professional liability for real estate professionals. Agents benefit from:

• Access to multiple carriers and flexible underwriting options
• Responsive service and quick turnaround for submissions
• Solutions for both start-ups and established brokerages or property managers

Example accounts you can place through this program:

• You represent a 10-agent residential brokerage that also manages a small portfolio of rental properties — this program can combine sales and property management exposures under one policy.
• You have a property management client that offers short-term escrow services and occasional consulting — incidental exposures like these are often eligible.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.