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.