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Keeping It Legal with Errors and Omissions Coverage for Real Estate

Many people think of errors and omissions insurance (E&O) as a product purchased primarily by doctors, lawyers, therapists and other professionals with advanced degrees. Although malpractice insurance is a common form of E&O coverage, all individuals required to maintain licensure or certification should have a professional liability insurance policy.


According to Colorado law, all real estate brokers and companies must carry an E&O policy. State law indicates that minimum coverage must protect all acts that require an active license, and the law provides for licensee coverage under a company’s policy.

Protection for You

Although industry regulations concerning E&O coverage may seem like a nuisance, these state laws exist to protect you and your real estate business as well as the clients you serve. Everyone makes mistakes. That’s why doctors carry malpractice coverage, and that’s why you need a professional liability policy to protect you.

What if you make a mistake at closing that results in harm to your client? Chances are that mistake will result in a lawsuit, and legal fees add up quickly. An E&O policy can help defray heavy losses. In fact, a real estate professional liability policy can even help in the event that a customer brings a frivolous lawsuit against you.

Southern Colorado Insurance Center understands that your real estate career requires careful attention to detail. We know you take pride in a job done right, and we also understand that sometimes mistakes happen. Whether you’re dealing with a difficult homebuyer or make an honest mistake during a routine home sale, you need an insurance agent and an E&O policy that has your back. Call 719-329-4441 today to learn more about affordable options to keep your brokerage operating legally and protect your livelihood as well.


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