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Producer Resource Center

Real Estate Agents and Brokers Errors and Omissions Insurance - E&O

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Landy Insurance offers Real Estate E&O Insurance to Independent Insurance Agents and Producers on an open brokerage basis in all states except Alaska and Louisiana. Landy is the National Administrator for an A+ Superior-rated (A.M. Best) carrier, providing coverage to both residential and commercial firms including; Real Estate Agents and Brokers, Appraisal Firms and Auctioneers of Real Property, Real Estate Consultants, Property Managers, Leasing and Referral Agents, Short Term Escrow Agents and Notary Publics.


Applications and Specimen Policies by State
for Real Estate Agents & Brokers

John Torvi: Why Real Estate E&O?

  • Real Estate Agents and Brokers New Business Applications and Specimen
    Policies by State
  • Real Estate Coverage Highlights Sheet
  • Related Policy Information

  • Real Estate Risk Management Program Information (PDF)
  • Information on How to Complete the Application (PDF)
  • Submit a Claim

Landy Insurance Coverage Offers:

    check_circle Fair Housing Discrimination - $500,000 included at no additional premium with higher limit options available
    check_circle Mold/Fungi - $500,000 at no additional premium with higher limit options available
    check_circle Disciplinary Actions - $10,000 each action/$50,000 per policy period
    check_circle Subpoena Assistance - $25,000 per policy period
    check_circle Security Incident - $15,000 per incident/$30,000 per policy period
    check_circle Fraudulently Induced Fund Transfer Coverage of $25,000 included with the policy
    check_circle See our Real Estate Highlights for complete program features

Common Real Estate E&O Questions

Is coverage available to New, Start-Up firms?
Yes, coverage is available to new and established firms of all sizes. Prior Acts coverage is available for eligible firms showing proof of existing coverage.

Are there any additional Endorsements or higher sub-limits available?
Optional coverage for Cyber, Construction Development, Employment Practices Liability, Business Brokering and Mortgage Brokering is available, as well as Bodily Injury/Property Damage with underwriting approval. Higher sub-limits for Fair Housing Discrimination and Failure to Disclose Existence of Fungi, Mold & Bacteria are also available.

Will one policy cover multiple professional services, such as sales, property management and auctioneering, or are multiple policies required?
The definition of Professional Services is extensive, and one policy would cover commercial & residential sales, renting & leasing, property management, appraising and auctioneering of real property, short-term escrow agent, referral agents, notary public, expert witness, real estate consultant or counselor and members of a real estate board or committee. See Policy form for complete coverage description.

A Note about Cyber Liability Insurance: Cybercrime has become a significant threat to Real Estate firms. Our Real Estate E&O coverage includes $25,000 of Fraudulently Induced Wire Transfer coverage at no additional premium to your clients. An optional Cyber Liability Insurance Endorsement is available to provide broad protection for the consequences and costs associated with Cyber attacks, Privacy Breaches, Ransomware and Computer Fraud.

For More Information Call 800-336-5422

John Torvi - Extension 117 • E-mail John | Betsy Magnuson - Extension 108 • E-mail Betsy

 


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