Errors & Omissions ยท Real Estate & Property Management
Real estate E&O for the listing, the lease and the building.
Professional liability for real estate brokerages, realtors, leasing agents and property managers. Placed with domestic and international underwriters, including Lloyd’s.
Domestic and international underwritersFor an instant quote
Who we write
Built for the people who list, lease and manage property.
The program uses a Miscellaneous Professionals wording, with regulatory proceedings cover and a $150,000 loss of documents sub-limit for leases, deeds and client records.
Property managers can package optional CGL in the same submission.
- Real estate brokerages
- Realtors
- Leasing agents
- Property managers
Applications and fact sheet
Download what your client needs to sign
- Miscellaneous Professionals applicationPDF, fillable
- E&O renewal applicationPDF, fillable
- Real Estate & Property Management E&O fact sheetPDF, one page
Competitor applications are fine. Email any of them to submit@approvedcasualty.com.
Coverage
What the Real Estate & Property Management program covers
Core professional liability for negligent acts, errors and omissions in the insured’s services, plus these additional coverages.
| Coverage | Limit |
|---|---|
| Professional liabilityNegligent acts, errors and omissions | Policy limit |
| Regulatory and licensing proceedingsDefence expenses, no deductible | $100,000 |
| Loss of documentsLeases, deeds, agreements and client records | $150,000 |
| DishonestyProtects insureds who took no part in the act | $100,000 |
| Libel and slander | $100,000 |
| Intellectual property | $100,000 |
| Lost earnings while attending trialWhen underwriters ask the insured to attend | $250 / day, $5,000 max |
Sub-limits in CAD. They sit within, not on top of, the policy limit.
Built into every policy
- Defence costs paid on top of the limit*
- Duty to defend, even on groundless claims
- Worldwide territory; US exposure up to 20%
- 60 days after expiry to report a claim
- Retro date and prior acts kept on rollover
- Optional CGL to package the account
*US-jurisdiction claims pay defence within the limit.
Why it fits real estate
Licensing complaints cost money to answer. Proceedings cover pays defence expenses, up to $100,000 with no deductible, when a regulator or professional body opens a file on your client.
How placement works
From submission to bound, without the back-and-forth.
1
Start the quote
Enter the risk at quote.approvedcasualty.com, upload last year’s policy, or email the application to submit@approvedcasualty.com. Competitor applications are fine.
2
See the indication
Standard risks price on screen in about 60 seconds. Accounts that need a closer look go to an underwriter, with terms back within 48 hours.
3
Place it with our team
You get the completed application to forward to your client. Our underwriters follow up with you, not around you.
Program at a glance
- Limits
- Up to $5M
- Minimum premium
- $515
- US exposure
- Up to 20%
- Form
- Claims-made, worldwide territory
- Security
- Domestic and international underwriters, including Lloyd's
- Wording
- Miscellaneous Professionals E&O wording
Outside this appetite?
Mortgage brokers, property appraisers, home inspectors and auctioneers sit outside this program. Our Hard-to-Place Facility writes many of them.
FAQ
Real Estate E&O questions brokers ask
Are licensing and regulator complaints covered?
Yes. Defence expenses for proceedings brought by a statutory regulator or professional body are covered up to $100,000, with no deductible.
Does loss of documents include leases and deeds?
Yes. The wording defines documents to include deeds, agreements, plans and records used in the insured's professional services. The sub-limit is $150,000. Electronic data is excluded.
Can property managers add CGL?
Yes. Optional CGL is available so you can place both lines in one submission.
What size of account can you write?
Limits go up to $5M, with US exposure up to 20%. Standard risks quote on screen in about 60 seconds. Larger or unusual accounts go to an underwriter, with terms back within 48 hours.
Which classes go elsewhere?
Mortgage brokers, property appraisers, home inspectors and auctioneers sit outside this program. Send them to us anyway and our Hard-to-Place Facility will review them.
Got a brokerage or property manager to place?
Standard risks quote in about 60 seconds. Our application or the incumbent’s, any way you like to send it.
Other E&O programs
This page summarizes coverage for broker information only. Coverage is subject to the policy wording, terms, conditions, exclusions and underwriting acceptance. Limits and sub-limits in CAD; sub-limits sit within the policy limit.