The Book

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.