By the General Liability Guide Editorial Team. Our guides are verified against actual insurance carrier rate sheets and state industrial commissions.
Real estate agents live and die by their reputations. But even the best agent can make a mistake on a disclosure form. Errors & Omissions (E&O) insurance for Realtors is the standard defense against negligence claims.
What Does it Protect?
E&O covers you against claims of failing to disclose a leaky roof, misrepresenting property boundaries, or failing to meet closing deadlines. Average costs for an independent agent start at $500/year.
Frequently Asked Questions
Many large brokerages provide master policies, but the deductible is often high ($5,000+). Many agents buy their own "gap" coverage.
About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.