Real estate is the largest investment that most Americans will ever make in their lifetime. The housing market is continuing to go up and that means the current nationwide homeownership rate will increase from its current 62.9%. With such a significant purchase on the line and a long list of possible unintended consequences on the horizon – what steps are you taking to protect yourself as a real estate agent?
Too often agents make the mistake of thinking they only need general liability insurance in the event that someone slips and falls in their office or inside one of their properties. The truth is you need to look deeper within your market, trends in your area and your own interactions with customers to forecast problems before they happen. We’re finding that Professional Liability Insurance to protect against buyer’s remorse and wrongful discrimination is growing in popularity because these new waves of buyers are getting cold feet after the sale. In this digital age Network & Privacy Insurance has also become a huge issue because agents are continuously being hacked for clients’ social security numbers and other information. Even Public Relations Insurance is a growing issue because the internet gives every person’s opinion a megaphone. Are you protecting yourself against these issues?
Black’s Insurance works only with A-rated insurance companies to provide a multitude of coverage including a complete range of Errors and Omissions Insurances. It is also known as “E&O Insurance” which is a common insurance for real estate agents and it helps you protect against some of the following issues:
· Agent-Owned Property
· Early Claims Resolution
· Environmental “Failure to Advise” Coverage
· Increased Supplementary Coverage
· Lockbox and Open House Property Damage Coverage
· Mold Endorsement
It’s likely that your insurance needs extend past what we’ve identified above. It’s best to reach out to us to discuss your situation so we can assess which policies will work for your company. We are an independent insurance agency that will take the time to assess your current and future needs while working to help you stay protected for years to come.
You’ll receive fast, personal attention from our agents throughout the initial policy implementation process. As your business changes, we’ll be sure to help update your policy along with it. And once your Real Estate Agent Professional Liability Insurance is in place, Black’s Insurance will review it annually to make sure you’re still getting the best price and the best coverage available.
Brian Dozark joined Black’s Insurance in July 2010 as the Commercial Insurance Department Manager. He was born in California however spent most of his formative years in Germany where his parents were part of the Department of Defense American School system.
After graduating from University of South Florida with a B.S degree, Brian settled in Temple Terrace, Florida. Brian is very active in his community as the president of the Florida Soccer Club. He is also a youth soccer coach and the Head Boys Soccer Coach at King High School in Tampa, FL.
Brian is married to his wife Bamby and has 3 children; Konner, Baylee & Karsyn.