Posted on: September 15, 2025 by Karen Vuletich

Errors and Omissions is a form of professional liability insurance for real estate professionals. It may cover real estate companies, employees, and licensees in instances where they have made actual or alleged professional mistakes or oversights in broad categories like:

Misrepresentation

Failure to disclose

Breach of duty

Breach of contract

Negligence

Even errors in paperwork that cause delays to transactions and financial losses to others could result in a lawsuit.

Sometimes inadvertent mistakes happen, and qualified and experienced real estate professionals find themselves facing a lawsuit. Other times, a disgruntled client may make a claim against you that you need to defend, whether you failed to carry out your responsibilities as a licensee or not. 

E&O insurance can help to defend claims and lawsuits by assisting with defense costs and settlements within the limits of your policy. There will be exceptions to what is covered, including criminal acts, fraud, and personal injuries. But to protect yourself and your business, every real estate professional should have Real Estate Errors and Omissions insurance.

The team at NewMark Insurance Services will help assist you through the application process and find you the right coverage for the right price.

Posted in: Real Estate E&O