What Is E&O Insurance for Real Estate?
Errors and Omissions (E&O) insurance—sometimes called professional liability insurance—is designed to protect real estate agents, brokers, and firms from the financial fallout of mistakes, oversights, or unintentional misrepresentations in the course of their work.
In real estate, even small errors can lead to large claims. E&O coverage helps ensure that one mistake doesn’t derail your career or your business.
Why Real Estate Professionals Need E&O Insurance
Real estate transactions involve multiple parties, legal requirements, and high-value properties. Without E&O insurance, you could be personally responsible for:
- Legal defense costs
- Settlements or judgments
- Loss of income during a lawsuit
Common E&O Claims in Real Estate
- Failure to disclose property defects
- Errors in property listings or marketing materials
- Breach of duty to a client
- Misrepresentation of property boundaries or zoning
- Administrative mistakes in contracts or paperwork
What E&O Insurance Covers
While specifics vary by carrier, most policies cover:
- Legal Defense Costs – Attorney fees, court costs, and related expenses.
- Settlements and Judgments – If you’re found liable.
- Claims of Negligence – Mistakes or missed deadlines.
- Misrepresentation Claims – Inaccurate information provided to clients.
Not Typically Covered:
- Intentional wrongdoing or fraud
- Bodily injury or property damage (covered by general liability)
- Discrimination claims (may require separate coverage)
E&O Requirements for North Carolina Real Estate Agents
The North Carolina Real Estate Commission requires most active real estate licensees to carry E&O insurance unless they qualify for an exemption. Policies must meet minimum coverage standards, so it’s important to work with an advisor who understands these state-specific requirements.
How Sizemore Insurance Helps Real Estate Professionals
At Sizemore Insurance, we:
- Review your current E&O coverage for gaps
- Compare top-rated carriers that meet North Carolina Real Estate Commission standards
- Tailor your policy to your business size—whether you’re a solo agent or a large brokerage
- Provide ongoing support so your coverage stays up-to-date as your business grows
Get Protected Today
Don’t let one mistake put your career at risk. Start your E&O real estate insurance quote online in minutes or call (910) 791-1011 to speak with a Sizemore Insurance advisor.