Real Estate Agents and Brokers E & O Insurance

Target Market

Real estate errors and omissions insurance applicants with residential real estate income representing 60% or more of an applicant's gross annual income.

Coverage

Real estate brokers and agents errors and omissions liability coverage which protects a real estate agency, broker or agent against claims for damages alleging negligence in the conduct of negotiations and business performance for others. The policy form is claims made and reported, with a retroactive date of coverage back to the date of the first continuous claims made coverage.  Coverage for mortgage broker, business broker, appraisal, and escrow agent services are not included in the basic policy form. Coverage for these services, if within percentage of income parameters, may be provided by policy endorsement.

Maximum Limits Of Liability

Each Claim     

$3,000,000

Aggregate       

$3,000,000

Discrimination

$500,000 ($250,000 included in standard policy form with an available buy back option of $500,000)

Deductibles ranging from $1,000 to $50,000 may be offered. Deductibles apply to each claim.

Acceptable Risks

Real estate brokers and agents with residential real estate income representing 60% or more of their gross annual income which have not been involved in a frequency of claim activity.

Contact Information

For more information or to find an administrator, please contact

John C. Grantland, CPCU
609- 243-4202
jgrantland@munichreamerica.com