Gilbert Real Estate Agent Insurance Policies: E&O Protection Video Launched
The company represents over 40 insurance companies throughout Gilbert, Mesa, Chandler, Tempe, and Scottsdale. With the new video launch, it expands its resource library for realtors seeking protection from negligence and other issues.
More information can be found at: https://youtu.be/CNvCcjA7HaQ
The new video explains that real estate professionals are often required to have insurance coverage to protect themselves and their clients from potential legal issues. Among the most important types of insurance for real estate agents is Professional Liability, also known as Errors and Omissions insurance.
This type of coverage protects realtors against negligence such as misstating the square footage of a home or failing to disclose conditions of the home such as mold or water seepage. These oversights can lead to costly lawsuits, and litigation expenses can be devastating. The video underscores that it is important for real estate professionals to carry sufficient E&O insurance to protect their businesses.
Alongside Professional Liability insurance, real estate agents may also need other types of insurance depending on their specific business. These can include general liability, commercial auto, and workers’ compensation insurance. Insurance Brokers of Arizona advises that real estate agents work with knowledgeable insurance agents to determine which policies they need to be properly protected.
According to a study by the National Association of Realtors, nearly 85% of real estate professionals have experienced some form of legal issue or dispute. Insurance coverage can help mitigate the financial risks associated with these types of situations, allowing agents to focus on growing their business and serving their clients. Clients are also more likely to work with an agent who is properly insured, as it demonstrates a level of professionalism and commitment to their business.
In addition to insurance for real estate agents, the company offers policies from leading providers in the auto, home, and business fields. Specialty insurance packages are also available on request.
A spokesperson states: “Founded in 2005, Insurance Brokers of Arizona is a leader in quality protection for individuals, families, and businesses throughout the Southwest. Providing world class customer service with our extremely experienced and knowledgeable team, paired with our ability to understand our customer’s coverage needs, drives the success of our agency.”
Interested parties can learn more at: https://youtu.be/CNvCcjA7HaQ
Insurance Brokers of Arizona
theteam@iboaz.com
+1-480-812-1998
690 E Warner Rd
Suite 108
United States
COMTEX_425066200/2764/2023-02-22T16:09:34