Cyber and Fidelity Insurance Report for Real Estate Brokers
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Real estate transactions are a target for sophisticated fraud scams and when the frauds succeed, often all the service providers are potential litigation targets. The National Association of REALTORS® would like to identify providers that offer insurance for these threats and then compare the insurance offerings. Three different types of insurance coverages may be needed to protect the brokerage from these threats: Errors & Omissions/Miscellaneous Professional Liability Insurance (“E&O” or “MPLI”); Cyber Insurance; and Crime Coverage.