Choosing the right Errors and Omissions Insurance for Title Professionals can be overwhelming—especially with so many providers and policy options available. But finding a tailored policy is critical to ensuring you’re fully protected from professional liability.
Here’s what to consider when shopping for E&O coverage:
1. Industry-Specific Policies
Look for insurers who specialize in Title Agent E&O Insurance. Generic policies may exclude title-specific risks like escrow mishandling or document recording errors.
2. Adequate Coverage Limits
Your coverage limits should reflect the size and risk profile of your agency. If you’re handling high-value transactions, consider higher limits and lower deductibles.
3. Claims-Made vs. Occurrence Policies
Most E&O policies are claims-made, meaning they cover incidents reported while the policy is active. Make sure your retroactive date covers prior work.
4. Legal Defense Inclusion
Ensure your policy includes defense costs, not just settlements or judgments. This is often the most valuable feature of E&O coverage.
5. Flexibility for Growth
If your agency expands across states or adds services like escrow or closing coordination, you’ll want a policy that grows with you.
At ENO Professional Insurance Solutions, we provide customized E&O policies for title agencies, including options to bundle with Cyber and Commercial Crime Insurance for total protection.
Where We’re Available
Our coverage is currently available in the states shown below. If your state isn’t highlighted or selectable, unfortunately, we don’t offer services there at this time.
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