Sign Up or Log in
Homepage
Buy
Sell
Flat Fee MLS
Title
How it Works
Contact

Real Estate Glossary

What is Errors and Omissions Insurance?

Errors and omissions insurance (E&O insurance) is a type of insurance that covers professionals, such as real estate agents, brokers, and appraisers, against claims or losses that may arise from errors, omissions, or other professional mistakes. E&O insurance may provide protection against claims of negligence, malpractice, or breach of contract, and it may cover legal defense costs, settlements, or judgments. E&O insurance may be required by law or by industry standards, and it may be purchased as an individual policy or as part of a package policy.