Tag Archives: Real estate

Selecting the Right Real Estate E&O Insurance Policy

Selecting the Right Real Estate E&O Insurance PolicyReal Estate Errors & Omissions (E&O) or Professional Liability insurance is a critical component of any sound insurance program for those involved in real estate sales, property management and related fields. That’s because the single greatest liability exposure most real estate agents and brokers face are malpractice lawsuits filed by dissatisfied buyers or sellers. Allegations can include misrepresentations, negligence, failure to disclose and other violations of the agent’s or broker’s

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Potential E&O Exposures for Real Estate Professionals

Potential E&O Exposures for Real Estate ProfessionalsThe use of wire transfers and the Automated Clearing House (ACH) Network are used to handle real estate transactions between businesses and individuals. Real estate agents, brokers, property managers, title agents, escrow agents, mortgage brokers and bankers all have access to personal and financial data of their clients with wire transfers and ACH instructions – information that has become increasingly at risk for fraud and deception. In fact, scammers and …

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Why Cyber Liability Insurance is So Important for the Real Estate Industry

Why Cyber Liability Insurance is So Important for the Real Estate IndustryProperty Managers Cite Cyber Threats Among Top Risks

At a recent conference where real estate and insurance industry experts met to examine a wide range of risks, cyber threats were among the top five issues discussed. This is not at all surprising considering the rash of data breaches across all industry segments that make headline news at what seems like a daily basis. (The other top key concerns for the …

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Real Estate Insurance E&O: Don’t Sell A Home Without It

 Real Estate Insurance E&O Don’t Sell A Home Without ItE&O Insurance Covers Legal Bills and Judgments

A few months ago, we were interviewed for an article that appeared in the Wall Street Journal on why real estate agents should consider purchasing Errors & Omissions Insurance. The WSJ piece discussed a case in which a couple sued a pair of agents because they were allegedly never told about a murder-suicide that took place in the home a year prior …

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Real Estate Agents Reviewing Professional Liability Insurance as Property Market Takes An Upward Turn

Real Estate Agents Reviewing Professional Liability Insurance as Property Market Takes An Upward Turn

Real Estate Agents Reviewing Professional Liability Insurance as Property Market Takes An Upward Turn

As the economy begins to see improvement so does the real estate industry, which experienced a severe downtown when the housing market imploded in 2007. Today, things are beginning to shift, with the U.S. housing market showing signs of sustained recovery. According to a Merrill Lynch Outlook report, housing prices in 2013 are expected to see …

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