What is Title Professional Liability Insurance?
Title professional liability insurance, also known as Errors and Omissions (E&O) insurance for title agents, provides essential protection for title companies and their employees against financial losses that may result from mistakes, oversights, or negligence in the course of their professional duties. This type of coverage is especially important because title agents are responsible for managing complex real estate transactions, which involve numerous legal and financial details. Given the high stakes and intricacies involved, even a small error or missed detail can lead to costly claims or legal disputes. E&O insurance helps safeguard the business and its professionals from the potentially significant consequences of such claims, ensuring continuity and peace of mind in their operations.
Why Obtain Title Professional Liability Insurnace?
Even with high level professionalism, the increasing complexity of mortgage rules and regulations make it easier than ever to make a mistake. And sometimes, all it takes is a dissatisfied client to face a lawsuit even if you did nothing wrong. That’s why we offer top- tier Errors & Omissions coverage to protect both you and your business against legal costs, settlements, and judgments arising from claims that a client suffered a financial loss due to a title agent’s negligence or errors.
- Title Insurance Agents
- Title Abstractors
- Title Examiners
- Title Searchers
- Settlement Agents
- Closing/Escrow Agents
- Corporate Documents Searchers
- Public Records Searchers
- Notaries Public
- Witness Closers