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Excess Errors & Omissions Insurance
Excess E&O is a policy carried by Parks Realty which provides additional
coverage to all agents lienced with Parks. The state required E&O policy
provides coverage for up to $100,000 in damages or claims.
Our excess E&O policy provides coverage for up to $1 Million in claims or
damages. This is a requirement for our Parks Realty agents.
This is an annual policy - not biannually as the state required E&O. This
policy is charged to each licensed agent with Parks Realty as of the first
day of the year (January 1) and the annual cost ranges from $90-$110
each year per licensee.
Lawsuits/Claims for E&O Insurance
In the circumstance of having a lawsuit or other claim arise, you must notify
your managing broker immediately.
The suit must be filed with your E&O insurance carrier, and also filed with
our Excess E&O carrier Your office manager and broker can help though
this process.