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Real Estate E&O Insurance: Understanding the Basics

Brought to you by NAR’s Risk Management Committee

NAR's Risk Management Committee has created two documents designed to help real estate professionals better understand their E&O insurance. The first is a comprehensive summary ("Summary") of Real Estate E&O insurance, covering the most important aspects of E&O insurance, such as: who is covered under the policy; types of coverage policy can contain; deductibles; amount of coverage needed; office policies for insurance issues; and strategies for covering the cost of the insurance. The Summary is intended primarily as a tool for brokers who purchase E&O insurance. Click below to download the Summary:

The second document covers all of the important points contained in the Summary, but presents these in a short tri-fold brochure ("Brochure"). The Brochure is intended to help the brokerage educate its salespeople on E&O insurance issues. Click below to download the brochure.

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Additional Resources

Risk Management

Go beyond E&O insurance and take a proactive approach to learn how to recognize risk in your business.
Umbrella

Errors & Omissions (E&O) Insurance

Errors and omissions (E&O) insurance programs reduce the risk to sales associates and the real estate firms they represent against potential lawsuits.