E & O Insurance for Real Estate Brokers and Insurance Agents

Errors and Omissions insurance is quite costly and, of course, it doesn’t really do anything until such time as one is to be sued. At that point, Errors and Omissions insurance would help out in the settlement of a suit, however, the deductible is expensive. The Pre-Paid Legal Services legal plans could be a great help to all those people selling real estate and insurance to administer the E&O claim.

It is important for agents to have their Pre-Paid Legal membership even if they do have Errors and Omissions Insurance. For one thing, Errors and Omissions do not cover all things that can happen while an individual is operating as a Real Estate Agent. Even if they do have coverage in effect, some situations may arise where the E & O coverage and providing company denies benefits

Remember – Errors and Omissions is insurance. Pre-Paid Legal is a service. You can be penalized for using your insurance, while you are applauded for using your service. You could, in fact, use the Pre-Paid Legal service to be advised on your use of your Errors and Omissions insurance policy.

There are many minor matters where the Real Estate Agent may not want to involve their E & O coverage. An agent may be sued or have a dispute with a client or with a homeowner over a matter involving a small claims amount of dollars and would just need advice or counsel from their Pre-Paid Legal Provider Lawyer in order to get help getting through these more minor, yet annoying legal matters that they may not feel comfortable handling themselves. There are many other legal matters that can occur in a Real Estate Agent’s personal life that are simply not covered by Errors and Omissions

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Never Be Alone in Growing Your Business

If you’re ready to grow and protect your business sign up for the Business Owners Legal Plan.  www.prepaidlegal.com/biz/steven22