Title Agents, Are You Prepared For a Lawsuit? Here's Why You Need E&O Coverage

Errors and Omission (E&O) coverage can be just another overhead cost for many title agents, especially if they have never filed a claim against their policy.

As this case will show, one suit brought against a title agent can be a long and time-consuming process. E&O Professional Liability coverage is a huge relief and support for the insured throughout the duration of the case. Note, the actual incident occurred in 2007, a suit was not filed until 2008, and was not settled until 2019 (11 years!). The costs of defense could be alleviated with the proper E&O policy. Have you reviewed your current protection?

If you have any questions give us a call, we would be happy to walk through coverage options for your agency.

Copyright © 2023 Title Industry Assurance Company RRG. All rights reserved.

This information is provided for the purpose of illustration. The coverage provided is that set forth in the terms, conditions, and limitations of the policy of insurance.