https://completemarkets.com/company/schinnerer/RealEstateEandOInsurance/
Victor O. Schinnerer & Company, Inc. offers a claims-made Real Estate Errors & Omissions (E&O) program designed for a broad range of real estate professionals. The program is underwritten through CNA and is administered by Schinnerer as a Managing General Underwriter. Coverage can be tailored to individual firm operations and risk profiles, and Schinnerer's Real Estate E&O program is the exclusive E&O insurance partner for the NATIONAL ASSOCIATION OF REALTORS® (mortgage brokers excluded).
Overview of the Program
This Real Estate E&O program provides professional liability protection for errors, omissions and negligent acts arising from real estate services. The policy is written on a claims-made basis and is intended for agents, brokers and related professionals whose exposures arise from residential, commercial and transactional real estate activities. Limits and deductibles are flexible to match different firm sizes and exposures.
Ideal Accounts and Appetite
Residential real estate agents and small-to-mid sized brokerages
Commercial real estate professionals and leasing agents
Independent and certified appraisers
Auctioneers and transactional specialists
Property managers and firms providing leasing or tenant-placement services
Mortgage brokers (note: excluded from the NAR partnership)
Schinnerer typically looks for traditional real estate operations with documented procedures, reasonable transaction volume for the firm size, and standard commission and contract practices. Excessive specialty exposures (large construction escrow handling, major development projects, or high-volume mortgage lending) may require supplemental underwriting or alternative markets.
Coverage Highlights and Advantages
Claims-made E&O wording tailored to real estate operations
Flexible limits up to $5 million
Deductibles starting at $1,000 and premium options that begin at $500
Program underwriting through CNA—strength and claims handling experience
Customizable endorsements to address common real estate exposures (e.g., transactional errors, failure to disclose, misrepresentation)
Schinnerer’s direct relationship with the NATIONAL ASSOCIATION OF REALTORS® supports placement for REALTOR® members (mortgage brokers are excluded from that affiliation)
Underwriting Notes and Minimums
Policies are underwritten on a firm-by-firm basis. Important submission elements include current application, loss runs (typically last 5 years), copies of standard listing and purchase agreements, and a description of risk management procedures. Because this is a claims-made program, pay attention to retroactive dates and prior acts coverage when negotiating placement.
Premiums, deductibles and limits are flexible; the program lists premiums starting at $500, deductibles starting at $1,000, and limits up to $5,000,000. Larger or more complex accounts may require excess placement or individualized underwriting and pricing.
Territories and Availability
Available through Victor O. Schinnerer & Company, Inc. as a Managing General Underwriter and placed with CNA. Territories: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. The program can be written on admitted or non-admitted paper where applicable; confirm state-specific filing and availability.
Why Work With Victor O. Schinnerer on This Business
Schinnerer brings program underwriting expertise specific to real estate E&O and direct access to a carrier with national capacity (CNA).
The program supports REALTOR® members through Schinnerer’s exclusive relationship with the NATIONAL ASSOCIATION OF REALTORS® (mortgage brokers excluded), which can simplify placement for those firms.
Flexible limits and endorsements make this program a good fit for a range of firm sizes, from single-agent practices to larger brokerages and property management firms.
Schinnerer provides underwriting guidance and risk management considerations that help you present accounts effectively and secure competitive terms.
Example Account Scenarios
You have a six-agent residential brokerage seeking primary E&O limits of $1 million with a low deductible and professional liability wording that includes transactional endorsements—this program can provide tailored pricing and coverage.
A regional property management firm that handles leasing and tenant placement wants higher limits and customized endorsements for management errors—Schinnerer can evaluate and structure appropriate limits and wording, with excess placement if needed.
Frequently Asked Questions
What types of real estate professionals are a good fit for this program?The program suits real estate agents, brokers, appraisers, auctioneers, leasing agents, property managers and many commercial real estate professionals. Appetite is best for firms with standard transactional operations rather than unusual or highly specialized exposures.
Is this coverage claims-made and what should I watch for?Yes — the policy is claims-made. Verify the retroactive date, any prior-acts coverage, and whether tail or extended reporting period options are available when binding or renewing a policy.
What limits, deductibles and premium levels are available?The program offers limits up to $5 million, deductibles starting at $1,000, and premium entry points shown starting at $500. Actual pricing depends on firm size, operations, loss history and requested endorsements.
Which states is this program available in?Victor O. Schinnerer’s Real Estate E&O program is available in the states listed in the storefront (AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY). Confirm state-specific availability and filings when submitting.
What submission materials does Schinnerer typically require?Provide a current application, recent loss runs, representative contracts (listing/purchase/management agreements), and a summary of firm operations including transaction volume and risk management practices. These materials help expedite underwriting and obtain competitive terms.
Need help placing an account? Connect with a market specialist.
https://completemarkets.com/company/tennant/real-estate/
Real Estate Professional Liability (E&O) Insurance
If you place coverage for clients in the real estate industry, Tennant Risk Services offers a focused Real Estate Professional Liability (E&O) Insurance program to help you secure appropriate protection. Backed by decades of professional liability experience, our program combines tailored wording options, flexible limits, and access to multiple admitted and non-admitted markets so you can place accounts confidently.
Overview of the Program from Tennant Risk Services
Tennant Risk Services is a managing general agency and wholesale broker specializing in professional liability. We work with retail agents and brokers to place Errors & Omissions (E&O) insurance for a broad range of real estate professionals. Whether the account is a solo practitioner or a multi-service firm, we tailor submissions to the client’s operations and exposures to find competitive terms.
Ideal Accounts and Appetite
This program is aimed at real estate professionals and related service providers, including:
Real estate agents and brokers
Title agents and abstractors
Escrow agents
Property managers and preservation specialists
Mortgage brokers and bankers
Residential and commercial appraisers
Home inspectors
Land surveyors
We also consider more complex or non-standard accounts, such as businesses with multiple service lines, unique business models, specialty coverage needs, adverse loss histories, and new ventures or startups. Example: you might have a client who operates as both a real estate agent and a property manager—this program can accommodate those combined exposures under a single policy.
Coverage Highlights and Advantages
We offer flexible coverage structures to match different risk profiles. Key features include:
Minimum premiums starting as low as $1,250 (varies by carrier and risk)
Coverage for independent contractors
Multiple limit and deductible options
Defense costs outside the limits (available on certain products)
First Dollar Defense options
Optional coverages for Cyber Risk and Employment Practices Liability (EPL)
Underwriting Notes and Sample Accounts
Each submission is evaluated on its specific operations, revenue, geography, and loss history. Sample placements we’ve completed include:
Real estate agent – $1M limit, $2,400 premium
Home inspector – $1M limit, $1,800 premium
Mortgage broker – $1M limit, $8,500 premium
Residential appraiser – $1M limit, $4,250 premium
Title agency – $1M limit, $8,500 premium
Specialty property management – $1M limit, $4,250 premium
Premiums vary based on size, location, services offered, and prior losses. Provide detailed applications, engagement letters, income breakdowns, and loss runs when available to expedite placement.
Territories and Market Access
This program is available in most states, including AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
We partner with multiple carriers and can place business on admitted or excess & surplus (non-admitted) paper depending on the risk and state.
Why Work With Tennant Risk Services?
We support retail agents and brokers by providing:
Specialized professional liability underwriting expertise for real estate classes
Responsive service and efficient turnaround on submissions
Access to a broad range of carrier markets and program options
Solutions for hard-to-place and complex accounts
If you’d like help placing an account, submit your package to
[email protected] or connect with a market specialist. We look forward to working with you.
Frequently Asked Questions
What types of accounts are a good fit for this program?This program is ideal for real estate agents, brokers, property managers, appraisers, mortgage professionals, title and escrow agents, home inspectors, surveyors, and other real estate-related service providers.
Can this program handle new ventures or startups?Yes. Tennant Risk Services can place new operations and startups in the real estate field; provide clear business plans and projected revenues to help underwriters assess the risk.
Are multiple services under one entity acceptable?Yes. We regularly consider firms that offer multiple real estate services (for example, sales plus property management) and can consolidate those exposures under one policy where appropriate.
What coverage limits and deductible options are available?A range of limits and deductible structures are available. Specific terms depend on the class of business, revenue, claims history, and carrier appetite.
Is this program available in all states?The program is available in most U.S. states, though availability and admitted vs. non-admitted options depend on the specific state and carrier. Contact our submissions team for state-specific guidance.
Need help placing an account? Connect with a market specialist.