Errors & Omissions (E&O) Insurance

Bizzarro Agency maintains an active Errors & Omissions (E&O) policy designed to protect the brokerage and its affiliated agents against certain claims alleging negligence, errors, or omissions in professional real estate services performed on behalf of the firm. This is a claims-made policy, which means timing matters; incidents should be reported promptly in accordance with our internal reporting steps.

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Coverage is subject to the policy’s terms, conditions, exclusions, and deductibles. This page is a summary only and does not alter the policy.

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Who this is for

This offering is available to licensed real estate salespersons associated and in good standing with The Bizzarro Agency and applies to eligible activities performed for the brokerage.

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What this helps protect against

E&O insurance is intended to help cover defense costs and certain damages related to covered professional services claims such as allegations of mistakes in paperwork, disclosures, communications, or other professional services tied to your work as an agent under the brokerage.

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Pricing and payment options

Insurance costs across the industry have risen. We’re keeping this as manageable as possible by offering two simple ways to pay:​

• Pay upfront (best value): $1.50/day
  Pay in full and we’ll keep the cost at the lower 2024-2025 rate.

• Pay quarterly (more flexibility): $1.75/day
  Quarterly billing reflects the recent increase, but gives you easier cash flow and flexibility.

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Important notes

• Deductible responsibility: If a claim is made, the agent is responsible for paying any applicable deductible required under the policy.

• Claims-made policy: Coverage depends on timely reporting. Follow the brokerage’s incident/claim reporting steps as soon as an issue arises.

• Coverage is not unlimited: All coverage is subject to the insurer’s terms, exclusions, conditions, and limits.

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Questions

If you’re unsure whether something should be reported, report it anyway. Contact the brokerage operations team for guidance on next steps.