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Posted on: May 27, 2025 by Huntersure
Environmental hazards have gained prominence in commercial real estate, increasing scrutiny on professionals handling disclosures. With greater liability from these disclosures, insurance agents must ensure their clients have robust errors and omissions insurance for real estate professionals.
Even minor gaps in environmental disclosures can lead to major issues. Hazards like mold, groundwater contamination, or flooding often result in expensive lawsuits. Although commercial real estate professionals might unintentionally overlook these risks, errors can still trigger legal claims.
Thus, proper errors and omissions insurance is crucial to protect these professionals from claims of negligence or misrepresentation.
With stricter environmental regulations, commercial real estate professionals now have increased responsibilities. Clear, accurate disclosure of environmental issues is essential to prevent liability and litigation.
Insurance agents should emphasize to clients that thorough disclosures are crucial for avoiding regulatory consequences.
Errors and omissions insurance for real estate professionals offers crucial protection against allegations of negligence or disclosure failures. Huntersure, for example, provides tailored policies specifically for:
Huntersure’s policies include coverage for:
Additionally, Huntersure can offer specialized endorsements addressing unique exposures not typically included in standard E&O policies, such as liabilities from negligent lock box use.
Cyber liability coverage is also essential for real estate professionals, who face growing risks from data breaches. For instance, a breach at Real Estate Wealth Network exposed 1.5 billion sensitive records. Cyber coverage from Huntersure addresses these vulnerabilities, enhancing overall risk management.
Stricter environmental disclosure requirements are leading to rapid changes in the commercial real estate sector. Insurance agents should proactively adapt their recommendations to ensure clients’ E&O coverage meets evolving liabilities.
By clearly defining coverage and anticipating changes, agents can provide valuable guidance to effectively manage clients’ risks. Contact us today to explore how Huntersure’s specialized E&O insurance can support your commercial real estate clients.
Huntersure LLC is a full-service Managing General Agency that has provided insurance program administration for professional liability products to our partners across the United States since 2007. We specialize in providing insurance solutions for businesses of all sizes. Our program features can cover small firms (grossing $2.5 million annually) to large corporations (grossing $25 million annually or more). We make doing business with us easy with our breadth and depth of knowledge of E&O insurance, our proprietary underwriting system that allows for responsive quoting, binding, and policy issuance and tailored products to meet the needs of your insureds. Give us a call at (855) 585-6255 to learn more.
Posted in: Real Estate