Depending on your profession, it’s a good idea to protect yourself with the right kind of insurance. Errors and Omissions real estate professionals insurance is there to protect real estate agents who inadvertently make a mistake while on the job. That means, if there is a mistake made due to negligence on your part, this may be covered by E&O insurance. It will not cover you if you intentionally commit a criminal act while on the job.
Insurance to protect real estate professionals is available and can be tailored to fit your needs. Infact, your real estate firm may already have their own E&O insurance to protect their agents so check with them for that information. If you want to make sure you coverage is adequate, take the information to your own insurance agent for a closer look.
Like your health insurance and auto insurance, there are certain deductibles that must be met before your coverage goes into effect. These will all be discussed by your insurance agent and described in your policy. Errors and omissions real estate professionals insurance is there to minimize your risk and protect you if mistakes are made. As a real estate agent, people may find frivolous reasons to sue you and hold you responsible for accidents or errors made while you are doing your job and that is where the right type of coverage will keep you safe secure.