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(Updated September 2016)

The ever-increasing complexities of real estate transactions and the rising use of litigation have prompted a need for errors and omissions (E&O) insurance programs to reduce the risk to sales associates and the real estate firms they represent against potential lawsuits. The following items address E&O and professional liability insurance, answering many of the questions REALTORS® may have about how E&O insurance works and how to choose a provider. Some state associations also have carriers they recommend (please check with your state association for this information). Please see this list for additional Errors & Omission Insurance Providers(A. Scoulas, Information and Project Specialist)

E - EBSCO articles available for NAR members only. Password can be found on the EBSCO Access Information page.

REALTOR Be​nefits® Program Partner

Victor O. Schinnerer & Company, Inc. and the National Association of REALTORS® have partnered under the REALTOR Benefits® Program to provide a first-class E&O insurance program to REALTOR® members. Schinnerer 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.

To learn more about Schinnerer's Real Estate Errors & Omissions Insurance Program, visit or call 301-961-9800. Be sure to mention that you are a member of the National Association of REALTORS®.

Some state associations also have carriers they recommend (check with your state association for this information). Please see this list for additional Errors & Omission Insurance Providers.

Use of E&O Insur​ance in Real Estate Firms

E&O Insurance

The most common benefit that firms offer to independent contractors, licensees, and agents is errors and omissions/liability insurance, at 81%. However, many share the cost of the insurance with their employees. Among salaried licensees and agents, administrative staff, and senior management there is a larger share of firms who pay for errors and omissions/liability insurance. 

Source: 2015 National Association of REALTORS® Profile of Real Estate Firms

E&O Insurance Basics

Minding Your Es and Os (REALTOR® Magazine, Aug. 2015)

Mission: Control Your Errors and Omissions, (Wisconsin REALTORS® Association, 2015).

Risk Reduction: Covering Your Assets with Errors and Omissions Insurance, (Wisconsin REALTORS® Association, 2015).

War Stories: When E&O Insurance Can Work for You, (Victor O. Schinnerer & Co., NAR Risk Management Committee).

Real estate E&O insurance: Understanding the basics, (NAR Risk Management Committee).

Errors & Omissions Insurance: The Experience of States with Mandatory Programs for Real Estate Licensees, (Journal of Real Estate Practice and Education, 2005). E

Choosing the Right Coverage

How Much Insurance Does Your Small Business Need? (Huffington Post Small Business Blog, Apr. 5, 2013).

5 tips for selecting the right E&O carrier, (REALTOR® Magazine, n.d.).

Buying Errors and Omissions insurance for your small business, (

E&O Insurance... What's the best type of coverage?, (ActiveRain Blog, Feb. 9, 2010).

Errors & Omissions: Reduce Your Risks, Reduce Your Premiums, (REALTOR® Magazine, Apr. 2007).

E&O: Who'll defend you?, (REALTOR® Magazine, Feb. 2007).

E&O: Show Insurers the Right Stuff, (REALTOR® Magazine, Jan. 2005).

Risk Management for Brokers

Risk Management Forms and Documents for Brokerages, (National Association of REALTORS®—Risk Management Committee).

Managing Real Estate Liability Risk in a Changed Market [Commercial market focus], (ACE Advisory, July 2014).

Real estate brokerage essentials: managing legal and business issues, (3rd edition, National Association of REALTORS®). Item #126-358

eBooks & Other Resources

The following eBooks and digital audiobooks are available to NAR members:

Real Estate Salespeople, Beware! (Adobe eReader)

Complete Book of Insurance (Adobe eReader)

It's All Your Fault: A Basic Guide to Personal Liability and Protecting Yourself in a Litigious World (Adobe eReader)

Books, Videos, Research Reports & More

The resources below are available for loan through Information Services. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Services at 800-874-6500 for assistance.

The no-lawsuit guide to real estate transactions, (New York, NY: McGraw-Hill, 2007).

Risk hotline for real estate: Learn from actual agent experiences before they happen to you!, (Seattle, OR: Classic Day Publishing, 2005).

Field Guides & More

These field guides and other resources in the Virtual Library may also be of interest:

Field Guide to Insurance Issues for Associations

Field Guide to Agency Disclosure

Field Guide to Real Estate Office Policy Manuals

Information Services Blog

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The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.