What does Real Estate Brokers Errors and Omissions mean? Read on to discover the definition & meaning of the term Real Estate Brokers Errors and Omissions - to help you better understand the language used in insurance policies.
Real Estate Brokers Errors and Omissions
Professional liability coverage for persons engaged in buying, selling, leasing, or otherwise dealing in real estate on behalf of others. Depending on the scope of such policies, coverage may also apply to persons engaged in property management, real estate appraisal, real estate consulting, or other related aspects of the business, although coverage for these more specialized exposures usually requires a special endorsement. As is the case with most professional liability policy forms, coverage is written on a claims-made basis.
We hope the you have a better understanding of the meaning of Real Estate Brokers Errors and Omissions.