REAL ESTATE PROFESSIONAL LIABILITY INSURANCE IN HOUSTON, TX
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Program Highlights!
The Office Product
This product provides a comprehensive bundle of coverages for over 50 specific office classes such as accountants, advertising agencies, answering services, draftsmen, insurance agencies, medical offices, real estate offices, telemarketers, ticket agencies and more.
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Working in real estate can be a lucrative and rewarding career path. However, given the financial responsibility entrusted to you by your clients, you must also account for significant risks and exposures. Errors or oversights could have far-reaching financial ramifications for your clients, which could lead to costly lawsuits. Mistakes may occur regardless of how experienced or diligent you are; without adequate insurance, your out-of-pocket costs could jeopardize your business’s finances and future.
What Is Professional Liability Insurance?
Also known as errors and omissions (E&O) insurance, professional liability insurance is integral to any real estate company’s loss control measures. These policies provide financial protection if a client or other party accuses your business of committing an error amid its professional services that resulted in financial losses. Although your exact coverage may vary, professional liability insurance is generally able to help pay for the following:
- Legal defense
- Damages
- Disciplinary proceedings
- Lost income
- Subpoena assistance
- Settlements
- Judgments
Why Do Real Estate Businesses Need Professional Liability Insurance?
Even daily and regular tasks may include sizable financial risk for real estate professionals. Transactions involving purchasing or leasing property are often some of the most significant investments made by your clients. Even a slight mistake could lead to costly consequences for which you may be blamed. Your company may face lawsuits arising from various alleged incidents, including the following:
- Incorrect advice
- Negligence
- Misrepresentation
- Omissions
- Oversights
Even if accusations brought against your business are false and you are eventually found innocent of any wrongdoing, lacking adequate professional liability insurance could lead to extensive out-of-pocket legal costs.
Get the Right Coverage
We’re here to help. Having served businesses in the Houston area for over 30 years, the insurance professionals at U.S. E&O Brokers are well-equipped to help real estate professionals acquire and maintain optimal coverage. Contact us today to get started.
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