Real Estate Broker Errors & Omissions Insurance

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Bond Penalty: $500,000 to $10mn

Real estate broker errors and omissions insurance is a must for all active agents and brokers. While captive brokers are generally covered by a master policy provided by the sponsoring company or broker-in-charge, independent real estate brokers are often bare and have exposures that can end their careers and cause irreparable reputation damage. (See the Top 10 reasons that you can be sued.) One lawsuit can result in bankruptcy. One sustained complaint can ruin a broker's name. Here are a few examples of "worst case scenarios".

"Errors and omissions" insurance is a part of a broader professional liability policy. Insurers that offer insurance to real estate brokers and agent manuscript policy coverage forms to address the unique perils (risks) of real estate professionals. Negligence, errors and miscellaneous omissions in the performance of professional services are covered however most forms are enhanced to include the following:

  • Network/intranet and information security breaches
  • Bodily injury and property damage
  • Crisis event expenses
  • Breach of fiduciary duty
  • Claim support and pre-claim counsel

Most real estate business E&O policies do NOT offer internal theft nor on-premises dishonesty risk coverage parts. Learn more about fidelity bonds for real estate professionals here.

National surety bond leader, Surety One, Inc. is a specialist in the surety bond sector however given the demand for E&O coverage by our real estate clientele we have instituted this E&O program which is now open to all real estate professionals. Questions about real estate agent E&O? Call us at (800) 373-2804, email us at or click here for live chat.

E&O application review and quoting are free of charge. There is no obligation to purchase.

Some states require candidates for a real estate license to also file a surety bond. Learn more!
Massachusetts Real Estate Broker Bond
New Hampshire Real Estate Broker Bond