Errors & Omissions (E&O) Insurance

Quick Takeaways

  • Costs of E&O insurance can vary by location
  • Coverage limits and
  • Brokerage size and type

Source: What Is E&O Insurance? (For Realtors & Real Estate Agents) (Market Leader, Jun. 12, 2023)

Errors and omissions insurance (E&O) is a type of professional liability insurance that protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions. Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract.

Victor Insurance Managers LLC and the National Association of REALTORS® have partnered under NAR REALTOR Benefits® to provide a first-class E&O insurance program to REALTOR® members. Victor is one of the largest and most experienced underwriting managers of specialty insurance programs in the world, serving more than 46,000 policyholders in various specialty industries through independent insurance agents and brokers.