Professional liability insurance, also known as errors & omissions (E&O) insurance, protects real estate agents and brokers in the event that they are accused of negligence or of delivering an inadequate work product that causes harm to their clients.
Cinch™ offers industry-leading errors and omissions (E&O) insurance with the speed and ease that you’ve come to expect from modern, technology-focused companies. You can get a quote in minutes, and the efficiency we’ve built into the process means lower prices. (On average, we save customers 20%.)* And since Cinch is a part of Berkshire Hathaway Specialty Insurance (BHSI), you can feel secure knowing that you’re partnering with a company that’s focused on the long term.
At Cinch, we’re working to create a better insurance experience by offering affordable coverage and outstanding service. Here are a few things that set us apart:
Realtors can be sued for a variety of reasons. Some common types of claims include:
E&O policies for real estate agents and brokers start at about $580 a year. However, the price of your particular policy will depend on a variety of factors, including—but not limited to—where you work, how long you’ve been working, and the number of claims previously filed against you.**
The best way to get an accurate idea of what your policy would cost is by filling out our quick online application to receive a quote. The process takes a minute or two, and—if you choose to purchase—your policy can go into effect any day you’d like, including today.
Depending on your needs, we give you the flexibility to select the limits of liability that best fit your situation. As a real estate agent, we recommend limits of at least $1 million per claim/$1 million aggregate. This means that you’d have up to $1 million in coverage for each claim, and you’d have $1 million of total coverage each year.**
Yes. We offer open house coverage within our real estate professional liability policy at no extra charge. Open house coverage is essential to cover incidental property damages that may occur when showing a property.
Absolutely. We offer insurance for either just you as or for your team.
Still have questions? Feel free to call us at 844-716-8418; our friendly staff will be happy to address your individual situation.
“We started Cinch because we believe that we can make insurance better, faster, and more affordable by offering you a direct connection with an insurance company that cares about your needs. That means that you buy directly from us and you talk directly to us. We know you expect fast, seamless results from a company that really understands you—and that emphasis on technology, compassion, and customer satisfaction is all built into the Cinch mission.”
*“20% savings” is based on industry pricing averages.
**Terms, pricing, and conditions of coverage may vary—please refer to your particular policy for more details.