E&O Insurance for Real Estate Brokers

Cover your real estate career—and professional reputation—in minutes.

Professional liability insurance, also known as errors & omissions (E&O) insurance, protects real estate 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 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 part of Berkshire Hathaway Specialty Insurance (BHSI), you can feel secure in knowing that you’re partnering with a company that’s focused on the long term.

Why Should I Choose Cinch for My Real Estate E&O Insurance?

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:

  • Financial Stability: BHSI is part of Berkshire Hathaway’s National Indemnity group of insurance companies, consisting of National Indemnity and its affiliates, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s.
  • Industry-Leading Claims Support: With a nationwide network of experienced claims handlers, our team will be right there to help you navigate the process if a claim is ever filed against you.
  • Competitive Pricing: Buying direct from us can save customers as much as 20%—and, in some cases, even more.*
  • Simplified Experience: We’ve created a modern and intuitive digital insurance experience. You’ll get your policy documents as soon as you purchase, and you’ll be able to access your online account 24 / 7. We also aim to cut the jargon and talk to you like the smart, professional HUMAN that you are.

Why Do People Sue Real Estate Brokers?

Brokers can be sued for a variety of reasons. Some common types of claims include:

  • Hiding defects in the property (e.g., flood damage, bad plumbing, etc.)
  • Concealing or being unaware of concerns like the proximity to a town dump or new town developments (e.g., a 150-unit high rise planned next door), which may have otherwise changed the sale price. Yes, even not knowing enough about the area you’re representing to a buyer can lead to a lawsuit.
  • Hosting an open house or scheduled showing in which someone is injured or property is stolen or damaged (e.g., a rug spill)
  • Negotiating a smaller commission with a seller to ensure that the seller accepts an offer from a buyer that you also represent
  • Failing to inform the seller of better competing offers
  • Failing to comply with the timeframe, per a contract
  • Providing inaccurate tax or legal advice
  • Exaggerating and misleading clients on the benefits of a particular property

How Much Does a Real Estate Broker Insurance Policy Cost?

E&O policies for real estate 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.

What Are the Various Limits That My Policy Provides?

Depending on your needs, we give you the flexibility to select the limits of liability that best fit your situation. As a real estate broker, 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.**

Do You Offer Open House or House-Showing Coverage?

Yes. We offer open house coverage within our real estate E&O insurance policy at no extra charge. Open house coverage is essential to cover incidental property damages that may occur when showing a property.

Can I Buy Real Estate E&O Insurance for My Employees?

Absolutely. We offer insurance for either you individually 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.”
Adam Yasan VP, Cinch

*“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.

What’s Covered Under the Cinch Professional Protection™ Plan?

Professional Liability Coverage
Disciplinary Proceeding Reimbursement
Wage Loss/Deposition Expense Coverage
Relationship Protection
Contingent Bodily Injury or Property Damage
Retroactive Date

For Real Estate Brokers

Open House or House Showing Coverage
Fair Housing Act Coverage
Failure to Disclose Pollutants

* “20% savings” is based on industry pricing averages.

** Quote and issuance of a policy are conditioned upon receipt and approval of the following 1) Practice Location; 2) Profession / Specialty; 3) Employment Status; 4) Coverage Type; 5) Hours Worked; and 7) Prior Claims Activity. Final pricing and terms of coverage may vary.

*** Terms, pricing, and coverage may vary.