E & O Insurance

E&O Insurance Is An Essential Piece For Your Commercial REO Business

Insure You Have The Right Coverage TIf you want to do business in the Commercial REO arena, then E&O insurance is a MUST HAVE in order to get listings. The right insurance plan can make the difference between keeping your business, or losing the trust of your clients and your listings as well. Relax knowing you and your company are covered under the right plan, and the comverage is enough in order to protect you and your asset management company fron liability. By obtaining the right insurance you save you and your business from harms way, should any unforseen incidents occur.		...........................................
What Is E&O Insurance Errors and Ommissiona (E&O) is the insurance that covers your company or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. It covers you for errors (or omissions) that you have made or that the client percives you have made.
Why Do All CREOBA Members Need E&O Let's face it. No one is perfect and everyone makes mistakes. No matter if you have the best risk management practices in place, you still need to protect you and your clients from harms way. In today's market, Banks and Asset Management Companies require that all brokers carry an E&O policy for a minimum of 1 million dollars (sometimes more) in order to protect themselves from liability as well as their reputation should a client claim that a job was not done properly. *It is important for you to find a professional that understands E&O insurance for your marketplace so that you retain a policy that suits your needs.