Errors & Omissions (E&O) Insurance for Realtors, CPAs, and Notaries
E&O premiums in 2026: realtors $385–$1,150/year, CPAs $700–$2,400/year, notaries $58–$280/year. Claims-made coverage with prior-acts retro date. Bilingual EN/RU service. Same-day binding.
What E&O Actually Covers
Errors & Omissions (also called Professional Liability) responds when a client alleges your professional advice or paperwork caused them financial harm — even if the allegation is groundless. The policy pays defense costs and any settlement or judgment up to the limit. General Liability does not cover this; you need a separate E&O policy.
2026 Pricing by Profession
| Profession | Annual Premium | Typical Limit |
|---|---|---|
| Realtor (residential, individual agent) | $385 – $1,150 | $500K / $1M |
| Real Estate Brokerage (5–15 agents) | $2,800 – $6,400 | $1M / $2M |
| CPA (solo practitioner) | $700 – $2,400 | $1M / $1M |
| CPA Firm (5+ professionals) | $4,500 – $9,800 | $1M / $3M |
| Notary Public (individual) | $58 – $280 | $25K – $100K |
| Notary Signing Agent (loan signings) | $95 – $420 | $100K |
| Bookkeeper / Tax Preparer | $580 – $1,400 | $500K / $1M |
Claims-Made vs Occurrence — Critical for E&O
Almost all E&O policies are claims-made. That means coverage applies only if the claim is reported during the active policy period. Two things you must understand:
- Retroactive (Prior Acts) Date — work done before this date is excluded. Always ask for a retro date that goes back to your first day in practice.
- Extended Reporting Period (Tail) — if you cancel or retire, you need to purchase a tail (usually 1–6 years) so future claims about past work are still covered.
Common Claim Scenarios
- Realtor: failure to disclose known property defect; alleged misrepresentation of square footage
- CPA: missed deduction, late filing penalty, payroll tax error
- Notary: notarizing a forged signature, improper acknowledgment, missing journal entry
- Bookkeeper: misclassified transactions causing tax penalties
How TruckSafe Speeds Up Binding
- Short application (8–12 questions for solo practitioners)
- Carrier comparison from CNA, Hiscox, RLI, Pearl, Victor
- Same-day quote in most cases; binding within 24 hours
- Russian-speaking service for Russian/Ukrainian-American professionals
Carriers We Compare
Frequently Asked Questions
How much does realtor E&O cost?+
Individual residential realtor: $385–$1,150/year for $500K/$1M limits. Brokerages with 5–15 agents: $2,800–$6,400/year for $1M/$2M limits. Pricing depends on transaction volume, claims history, and state.
Why is E&O claims-made and not occurrence?+
Underwriters cannot reasonably price open-ended occurrence coverage for advice. Claims-made policies only respond to claims reported during the active policy period — but they include a retroactive date that pulls in past work. Always negotiate a retro date back to your first day in practice.
Do notaries actually need E&O?+
Yes. The notary bond required by your state protects the public — not you. E&O reimburses your defense costs and any judgment from your own pocket. At $58–$280/year, it is one of the cheapest professional protections available.
What is a tail policy and when do I need one?+
A tail (Extended Reporting Period) extends your right to report claims after the policy is canceled or non-renewed. If you retire, change carriers without prior-acts coverage, or close your firm, buy a tail of 1–6 years so future claims about your past work remain covered.
How fast can TruckSafe bind E&O?+
For most solo practitioners, we deliver a quote the same day and bind within 24 hours. Phone: (315) 871-0833. Bilingual EN/RU.