Real Estate Agents Insurance

Professional Liability Insurance for Real Estate Agents

Garden State Professional Insurance Agency is Your Source for Real Estate Agents Professional Liability

As a real estate agent your clients rely on you to give them accurate advice and information about the property they are buying or selling. A mistake can cost your client money and result in a lawsuit against you.

Let us help you purchase the policy with coverage that meets the needs of your business including attorney fees, administrative costs and judgments and settlements against you.

Real Estate Errors & Omissions Insurance can help cover claims of:

Professional Liability Insurance for Real Estate Agents

Traveler's Professional Liability Coverage For Real Estate Agents – Real Estate Risk Management

For more information about Traveler’s Real Estate Risk Management, including their Professional Liability Helpline, please click the newsletter pictured here.

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Garden State Professional Insurance Agency Professional Liability Insurance

Professional Liability and More …

In addition to Errors & Omissions coverage, you can turn to Garden State Professional Insurance Agency for other liability coverages:


What is Real Estate Agents Professional Liability or Errors & Omissions Insurance?

Real Estate Agents Professional Liability (Errors & Omissions or malpractice) – coverage designed to protect real estate agents that provide professional services (such as buying, selling or leasing of properties) incurred as a result of errors and omissions in performing those services. Most policies will pay the cost of legal defense against claims and payment of judgments against you, up to the limit of the policy. 

What is the difference between Real Estate Agents Professional Liability Insurance and General Liability?

The difference is what is covered. General liability covers events that could happen to any type of business, such as physical injury or property damage. Real Estate Agents Professional liability covers risks specific to professional services provided to clients.

What is claims-made coverage?

Claims-made coverage is a policy providing coverage that is triggered when a claim is made against an insured during the policy period, regardless of when the error of omission that gives rise to the claim took place. (If there is a retroactive date on the policy, act giving rise to the error or omission had to take place after the retroactive date).

What is a Retroactive Date?

Retroactive Date or prior acts date is a provision found in many claims-made policies that eliminates coverage for claims emanating from wrongful acts that took place prior to a specified date, even if the claim is first made during the policy period.

Do Real Estate Agents Professional Liability Policy Cover Defense Costs?

Title Agents Professional Liability Policies do cover the cost of defense. Some policies have Defense “Within” the Limits also called Claims Expenses Inside the Limit or “CEIL”. This means that the cost of defense erodes the limit of liability available to pay judgements or settlements. Some policies have Defense “Outside” the Limit of Liability meaning that defense costs are provided in addition to the limit of liability or “CEOL” and do not erode the policy limits.

What is a loss only deductible or first dollar defense?

Loss only Deductible means the deductible applies only to indemnity (judgments and settlements) and not to defense costs. Defense costs are paid by the carrier from the first dollar expended.