As a real estate agent, you work hard to protect your firm, your reputation and your bottom line from various liability risks. Real estate transactions can be expensive and complex, and you face challenges that may result from allegations of misrepresentation, lack of disclosures and misunderstandings. To ensure the success of your business and reputation, you need a trusted carrier that can help you manage a wide range of professional liability exposures in an increasingly litigious environment.
CNA's Professional Liability (Errors & Omissions) insurance for real estate agents covers various types of potential exposures that are not typically covered under your general liability policy. Often, general liability policies do not cover industry-specific exposures. Errors and Omissions (E&O) insurance provides coverage against claims of negligence or mistakes that cause financial harm to another person or company such as negligence, misrepresentation, contract error, violation of good faith and fair dealing, and inaccurate advice, and covers both the obligation to pay damages for covered claims as well as the cost to defend against such claims.
As the nation's leading provider of professional liability insurance, we are the premiere insurance provider to real estate agents and agencies of all sizes. The CNA professional liability insurance program, administered by Victor O. Schinnerer & Company, Inc., is the "Member Benefits®" provider for the National Association of Realtors®. And through Rice Insurance Services Company, LLC, we are the contracted provider of Mandatory Errors and Omissions insurance in 11 of the 13 states that mandate coverage.
Our underwriting and risk control professionals specialize in working with professional service firms, and our tailored industry-specific coverages are designed to meet the needs of your practice. In the event that a claim arises, our highly experienced claim team will work diligently with you on your matter.