What to Expect if You Don’t Have an E&O Insurance Policy for Your Law Firm or Title Agency Many professionals for-go a policy and serve their clients without maintaining errors and omission (E&O) insurance. Some find the cost of malpractice insurance onerous while others believe they are not at risk of being sued because they…
What will your E&O policy not cover? Errors and omissions (E&O) insurance protects law firms and title agencies against malpractice claims. Too often, law firms, title agents, and other professionals report claims to their insurance provider only to get a rude surprise when the insurer determines that the claim is not covered. Errors and omissions…
Why do title agents need E&O insurance? Being in business involves some level of risk. Many errors made by yourself, or your employees can trigger legal action. Title agents are especially susceptible to errors and omission lawsuits because they deal with expensive property transactions. With limitless ways a real estate transaction can go wrong, there…