Founders Professional and

Strategic Insurance Consultants, LLC

present to you:

Real Estate Professional Liability

Insurance

Errors & Omissions

Policies

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Why should you step up to get

Real Estate Professional Liability

Insurance?

Real estate professional liability, also known as errors and omissions insurance.

(E&O) insurance is crucial for real estate professionals because it provides protection against claims of negligence, errors, or omissions

in the course of their professional duties.

Here's why it's important:

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Financial Protection: Real estate transactions involve large sums
of money, and mistakes can lead to significant financial losses.
E&O insurance helps cover legal expenses, settlements, or judgments resulting from claims against you, saving you from bearing these costs personally.
Professional Reputation: Errors or omissions in real estate transactions can damage your professional reputation. E&O insurance provides a layer of defense against such claims, helping to preserve your reputation and credibility in the industry.
Legal Compliance: Real estate transactions are subject to numerous laws and regulations, and even unintentional violations can lead to legal action. E&O insurance can help cover the costs of defending against claims related to regulatory compliance issues.
Peace of Mind: By having E&O insurance, real estate professionals can focus on their work with greater peace of mind, knowing they have financial protection in case of unexpected claims or lawsuits.
Confidence: Clients often feel more confident working with real estate professionals who have E&O insurance. It demonstrates a commitment to professionalism and accountability, which can attract clients and help build trust.

Which Real Estate Professionals are

offered coverage? (Target Classes)

Real Estate Agents

and Brokers

Basic package starts at a premium of $500

and goes up to $1,500, plus taxes and fees.

Premium package starts at a premium of

$750 and goes up to $2,000, plus taxes and fees.

Two deductible options for each package: $1,000 or $2,500

Liability limits from $250,000 to $1 million.

Other Real Estate

Professionals

Please contact us for a different application to complete if you are one of the following:

• Property Managers

• Mortgage Brokers

• Mortgage Bankers or Lenders

• Title Agents or Abstractors

• Escrow Agents

• Appraisers

Coverage is available in all U.S. states.

Additional options to go up to $5 million liability limit.

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Policy Coverage Highlights

• Open House Coverage*

• Lock box Coverage*

• Personal Injury

• Subpoena Response

• Modified Consent to Settle

• Failure to Disclose Pollutants*

• Limits Available up to $5 Million

• Pre-Claims Assistance Hotline

• 3rd Party Discrimination*

• Fair Housing Discrimination

• Public Relations Expense

• Disciplinary Proceedings

• Network Security and Privacy Liability

• Aggregate Deductible Clause of 3x the Policy Deductible

• Mediation Provision

• Automatic 60-day Extended Reporting Period

* MAY BE SUBJECT TO A SPECIFIC SUBLIMIT OF LIABILITY IN CERTAIN STATES

ENDORSEMENTS

Looking for additional coverage? These endorsements can be added to your policy.

• Contingent Bodily Injury and Property Damage

• Construction/Development Coverage

• Cyber Security Liability with Enhanced Protection for Cyber Extortion, Regulatory

Fines and Penalties, Extended Income Recovery, Misdirected Payment Fraud,

• Automatic 60-day Extended Reporting Period

How to Get Started

Complete the application by clicking the button below:

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Optional: Cyber Coverage

Enhanced Cyber coverage is available as a separately quoted policy, starting at $1,000 premium. A discount is offered if the items below are already in place.

Coverage includes:

• EDR- Endpoint Detection and Response

• MFA- Multi-factor Authentication for Remote Access

• Antivirus Alert & Insider Threat Detection

• Patching & Version Testing

• Security Operations Center

• Offsite Encrypted Backups

Customer Reviews

Thomas K

I had a great experience with obtaining my errors and omissions coverage through Casey Kerns at Founders Professional. The process was very easy to navigate. Applications needed were short compared to others in this space and our broker and agent were very responsive. Pricing for our required contract limits was very competitive in the market.

Amanda C

I have obtained coverage through Casey Kerns for the past 6 years for my errors and omissions coverage. Casey reviewed the contracts that I had and ensured that we had the proper coverage to what we are being required to carry. The process was very quick. At renewal every year, there is not a lot of change and minimal information is needed to obtain the renewal quotes in order to bind coverage for the term going forward.

Tony G

Our contracts with the real estate company require $1m limits on the E&O coverage. We were able to obtain this coverage including the additional insured of our parent company fast and competitively in pricing. The review of our contracts that we had in place requiring this coverage was extremely helpful and our broker Casey Kerns was able to include the coverages above and beyond the required.