For insurance buyers, insurance agents and insurance wholesalers!For insurance buyers, insurance agents and insurance wholesalers!
MAXIMUM
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MAXIMUM
Contact Us
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Real Estate Agent/Broker Errors & Omissions Product with Business Owners Package

Expertise. Solution. Service.


Available Limits:
• Errors and omissions up to $5 million
• Business Owners Package
  •          • General liability $1 million/$2 million limit
  •          • Business personal property limits up to $500,000
  •          • Business income $50,000
 Preferred Business:
• Firms with 65% or more of residential income sales
• Principal/Partner/Broker with one year licensed experience or three years licensed agent experience
• Franchise and non-franchise firms
• Up to 50 agents/brokers/independent contractors with maximum income of $5 million
• New ventures are eligible
Deductibles:
• Errors and Omissions starting at $2,500
• General liability deductible is $0
• Property deductible starting at $1,000
 Ineligible Risk Characteristics:
• Applicants located in AL, AK, CA, CO, HI, ID, IA, KY, LA, MS, NE, NM, SD, TN, TX, or WV
• More than two errors and omissions claims or circumstances in the past five years
• Average value of properties exceeding $750,000
• Real estate agents selling their own or related rehabbed properties
• More than 10% of income from the following:
  •         • The sale/leasing/management of properties developed/constructed/rehabbed by the applicant or any related entity
  •          • One builder/developer or one location/development (subdivision)
  •          • Sales of personally-owned properties or any affiliated entity
• More than 35% of income from commercial sales
• More than 50 agents/brokers/independent contractors
• More than $5 million in commission income
• Disciplinary action against the principal of the firm that resulted in his/her license being suspended or revoked
Product Advantages:
• Defense outside the limit
• Personal injury coverage
• Discrimination coverage for damages and defense up to policy limits not to exceed $1 million
• $50,000 lockbox coverage
• $50,000 open house coverage
• Environmental pollutants coverage for both damages and defense
• Coverage for the sales of personally owned properties
• Coverage for independent contractors as insureds when working for the named insured
• Coverage for services as a leasing agent/property manager automatically included
• Wrongful eviction coverage for residential properties
• Retro date coverage for no additional premium
• Supplemental payments coverage for reasonable expenses while attending arbitration, a trial, or hearing
• ProSecurity+ endorsement including Failure to Prevent Unauthorized Access and Malicious Code, Pro Bono Services and $50,000 Professional Reputation Restoration Expense
• Privacy Breach Expense limit of $25,000
• Access to Business Solution Vendors, including:
  •          • Human Resources services
  •          • Pre-employment and tenant screenings
  •          • Identity Theft protection
  •          • Marketing resources

We settle for nothing less than the best choices for our clients, and we put no limit on what we can do for your client's Real Estate Agent/Broker E&O Insurance needs.


Please reach out to us today by phone or email with any questions and to discuss how we can assist in this process.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Wholesale Broker
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    AM Best Rating of A- or Better
  • Commission:
    -
  • Min Premium:
    -

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CONTACT INFORMATION

LOCATION

222 S Riverside Plaza, Suite 2340
Chicago, IL 60606
888-364-2765
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