FirmSecured | Real Estate E&O Insurance

FirmSecured powered by Veritas Risk Management

Veritas Risk Management’s FirmSecured program offers comprehensive errors and omissions (E&O) insurance coverage for real estate brokers, providing protection against professional liability claims resulting from mistakes, negligence, or omissions made by a broker or agent.

The real estate industry is complex and there is always a risk of errors or omissions. Real estate brokers might be responsible for managing rental properties, working with clients to buy or sell a home, and negotiating real estate transactions. At Veritas Insurance, we also have programs for professionals other than real estate agents needing professional liability or errors & omissions insurance.

Real estate errors & omissions insurance (also known as E&O or professional liability coverage) is crucial for real estate brokers who could be responsible for managing rental properties, working with clients to buy or sell a home, and negotiating real estate transactions.

E&O insurance covers legal defense costs and any damages awarded in the event of an E & O claim. Learn more from our Ultimate Guide to Real Estate Errors & Omissions Insurance here.

How are Real Estate E&O Policies All Different?

Veritas Risk Management’s FirmSecured program offers many coverages that other brokers may be missing. Here are a couple of examples:

Contingent Bodily Injury & Property Damage (BI/PD) Coverage

Bodily injury and property damage (BI/PD) coverage is often excluded or limited in many real estate errors & omissions policies.

This means that if someone is injured while a broker is showing a house, if an agent sells a home that has undisclosed mold and the buyer gets sick, or if a dog bites a buyer, there may be no E&O coverage.

At FirmSecured, our program provides full limits of coverage for a broad array of real estate bodily injury or property damage claims.

Discrimination / Fair Housing Violations

Discrimination and fair housing violations are also common claims that may be coveraged under many E&O policies, but for a limited amount. That’s why we always offer full limits at our FirmSecured program offers for fair housing claims without sublimits.

real estate agent showing a home
Agent-Owned Property

Agent-owned transactions often result in E&O claims against real estate brokers. Many E&O policies have broad exclusions and gaps surrounding the purchase of property by an agent or the sale of a home in which the agent has ownership interest.

At FirmSecured, we present options that cover both sides of most agent-owned transactions.

Get a Real Estate E&O or Cyber Quote
Real Estate Cyber Liability Insurance

In addition to E&O insurance coverage, our FirmSecured team also helps brokers find cyber insurance coverage to protect against relevant cyber-related risks for real estate brokers and agents.

Cyber risks are a growing concern for businesses, and real estate brokers are no exception. Cyber liability insurance coverage can help protect against data breaches, cyber attacks, wire fraud, ransomware, and other cyber-related risks. To learn more about cyber liability insurance for real estate firms, check out our Comprehensive Guide to Cyber Insurance for Real Estate Firms.

FirmSecured is currently licensed in the following states:

Alabama, Alaska, Arizona, Colorado, Florida, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Montana, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin.

Have the FirmSecured Team Reach Out | Just Complete the Form