Errors and omissions coverage for real estate agents dealing in either commercial or residential properties can be hard to shop for if you’re new to the market. Like other financial sector liability coverage, it needs to be carefully calibrated to both your professional role and the regulations of the markets you operate within. As such, finding California real estate E&O coverage often means working with a different set of experts then you would for, say, coverage in Montana.
Seek Local Expertise, Industry Experience
The combination of local knowledge and insight into the industry is essential to your eventual quote, because it allows an insurance agent or carrier representative to calculate the right balance of coverage limits and additional provisions, leaving you with cost-efficient risk management designed to protect you in the event of claims rising from errors or omissions made by your office during a deal. Robust industry-specific coverage of California real estate E&O liability protects you from both honest errors and bad faith actions taken under the authority of your company by individual employees.
Where To Find California E&O Coverage
Coverage for real estate E&O in California isn’t hard to find, but with a large and competitive market, it can be hard to sort out your best options. Look for the professionals who really focus on real estate. If they make understanding the risks involved with your business into a personal passion, chances are they can also quote your optimum policy with ease after a brief interview.