RF Ougheltree Insurance

Real Estate Agents/Brokers

Real estate brokers, agents, property managers or other realty-related services work with complex transactions that increasingly draw lawsuits that cost an individual and a firm time and money. Even frivolous claims cost time and money to defend.  More than ever, it is critical that all real estate professionals carry E&O insurance.

If a real estate services agent or broker or sales associate is sued, E&O insurance covers a judgment or a settlement and the related defense costs.  These payouts could reach hundreds of thousands of dollars and more, and seriously harm any individual or business that doesn’t have this protection.

Eligible Accounts:

No restrictions.

Real estate brokerages and agencies transacting a variety of residential and commercial services

  • Firms specializing in residential sales.
  • Large, complex commercial sales and leasing firms.
  • Property management firms.
  • Leasing and property management firms.
  • Real estate consulting firms, real estate appraising firms, mortgage brokerages and auctioneering firms.


  • Admitted and Non-Admitted carriers
  • Primary and Excess
  • Claims-made and reported policies
  • Limit capacity of over $50,000,000 is available for large firms
  • Deductibles vary by risk and can be as low as $1,000 for lower hazard accounts
  • Deductible Reduction for Early Claims Resolution for eligible accounts
  • Defense costs are outside the limit of liability for eligible insureds
  • First dollar claims expense for eligible insureds
  • Supplementary payments for loss of earnings and licensing board complaints.
  • Special coverages include renovation services, incidental third party discrimination and development services.
  • Failure to advise environmental hazards up to full policy limits for eligible accounts.
  • Lockbox coverage to full policy limits.
  • Mold Endorsement with sublimit.
  • Subpoena assistance for when you are not party to the claim.
  • Multi-year Extended Reporting Period for death, disability, or retirement for eligible insureds.
  • Loss Mitigation Credit—firms may receive credit for use of an experienced short-sale mitigation service resulting in reduced short-sale claims.
  • Open House Property Damage coverage.
  • Agent-Owned Property Coverage.
  • Innocent insured protection for those in a firm who do not commit fraud and are unaware of fraud that causes coverage to be declined.
  • Risk Management and loss prevention services available from certain carriers.

Resource Center:


New Business:

For Firms under $5 million in revenues

For Firms $5 million and over in revenues

Real estate firms providing incidental development services should complete the Real Estate Development Supplemental Application. 


Specialty Lines:2013 Wrap-Up

On line Quoting:

Real Estate Errors and Omissions with Professional Office Package

This product is offered by United States Liability Insurance Group (USLI) and designed for traditional residential real estate sales firms and targets organizations with up to 50 agents/brokers and $5,000,000 in commission income.

Click on Target Accounts for a list of risks that are eligible for this product.

Other Coverages:

All or most other coverages that comprise the RFO practice are appropriate. Contact a staff broker to discuss a particular account.

All insurance product and/or coverage descriptions are informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Coverage may not be available in all jurisdictions.