RISMedia, May 19, 2011—For the products and services you use every day, the NATIONAL ASSOCIATION OF REALTORS®’ (NAR’s) REALTOR Benefits® Program has you covered. Now, with the broad variety of insurance offerings included in the program, you can select various personal and professional coverages at special pricing and relax, knowing that you and your business are covered by reputable companies catering to real estate professionals. That includes the newest partner to join NAR’s REALTOR Benefits® Program, errors and omissions (E&O) insurance provider Victor O. Schinnerer & Company, Inc.
“Insurance is essential for real estate brokers today. They need to protect their businesses from costly lawsuits, as well as find good personal coverage for their property and their health. With the insurance programs now offered by the REALTOR Benefits® Program, brokers can find excellent options in all these areas, at special members-only pricing,” says Bob Goldberg, NAR senior vice president, Marketing, Business Development, Commercial Services and Business Specialties Group.
Don’t Omit Your Errors and Omissions Coverage
As a real estate broker, you know that an everyday mistake made by you or one of your employees could land you in court. Today, the average cost of a claim against a real estate firm is $15,000 when the plaintiff receives payment, but some lawsuits may end up costing hundreds of thousands of dollars. And that doesn’t include the time and money spent defending yourself.
Most brokers know that errors and omissions insurance can protect them against these costs. Now, new REALTOR Benefits® Program partner Victor O. Schinnerer & Company, Inc. offers E&O plans and pricing designed specifically for NAR members. Coverage is available to brokerage firms and individuals, and can protect you against the legal cost of mistakes made by you, your employees and independent contractors you hire.
“This program will be available to all real estate firms, regardless of specialty. Our errors and omissions coverage is available to commercial brokers, leasing agents and brokers, appraisers, property managers and other specialties. And it’s available in all 50 states, the U.S. Virgin Islands, Puerto Rico and D.C.,” says Schinnerer’s senior vice president, James Snyder.
For more information visit www.REALTOR.org/RealtorBenefits.