Real Estate E&O Insurance: Understanding the Basics

Brought to you by NAR’s Risk Management Committee

NAR's Risk Management Committee has created two documents designed to help real estate professionals better understand their E&O insurance. The first is a comprehensive summary ("Summary") of Real Estate E&O insurance, covering the most important aspects of E&O insurance, such as: who is covered under the policy; types of coverage policy can contain; deductibles; amount of coverage needed; office policies for insurance issues; and strategies for covering the cost of the insurance. The Summary is intended primarily as a tool for brokers who purchase E&O insurance. Click below to download the Summary:

The second document covers all of the important points contained in the Summary, but presents these in a short tri-fold brochure ("Brochure"). The Brochure is intended to help the brokerage educate its salespeople on E&O insurance issues. Click below to download the brochure.

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Additional Resources

Risk Management

Go beyond E&O insurance and take a proactive approach to learn how to recognize risk in your business.

Errors & Omissions (E&O) Insurance

Errors and omissions (E&O) insurance programs reduce the risk to sales associates and the real estate firms they represent against potential lawsuits.

Copyright

Real estate professionals must be cognizant of copyright issues when it comes to listing content, most notably in connection with listing photographs.

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