All Articles (5)
Cyber Liability for Real Estate Agents Handling Earnest Money
Wire fraud targeting real estate is the fastest-growing cyber crime in the US.
The FBI reported over $446 million in real estate wire fraud losses in 2023. Your E&O policy covers $0 of it. Here is exactly what cyber liability insurance covers, the 4 wire fraud scenarios Texas agents face, and the 72-hour response protocol if fraud occurs.
The Coverage Gap Most Real Estate Professionals Don't Know About
Your E&O covers claims by clients — not claims by your own agents or staff.
Most real estate LLC owners carry E&O and assume they're covered. They're not — not for claims by the people working inside their operation. The EPLI gap is where most LLC owners get hit, and most don't find out until it's too late.
Fair Housing Liability for Property Managers
What your E&O doesn't cover — and what does.
Fair Housing violations are the most common and most expensive liability exposure for Texas property managers. A single HUD complaint costs $10,000–$25,000 to defend before a dollar of settlement is paid. Here is what you actually need.
Commercial General Liability for Real Estate Offices: What's Covered, What Isn't, and What Texas Agents Actually Need
E&O doesn't cover slip-and-fall accidents, property damage, or libel claims at your office. CGL does.
Most Texas real estate agents assume their E&O policy covers everything that can go wrong in their office. It doesn't. CGL covers bodily injury, property damage, and personal injury claims — and most commercial leases require it. Here's exactly what Texas agents and LLCs need.
Why Every Real Estate Brokerage Needs a Chief Compliance Officer
Most brokerages have no formal compliance officer. That gap costs $50,000+ when TREC finds it first.
A CCO-led compliance program is the most underutilized risk management tool in Texas real estate. Learn the 6 most common TREC violations, what they cost, and how the TBS CCO model has protected 100+ LLCs and corporations since 2012.
Coming Soon
Umbrella
Umbrella Coverage for Real Estate LLC Owners
Market Updates
Texas E&O Market Update: Rate Trends and Coverage Changes for 2026
Commercial GL
Workers' Comp for Real Estate Offices: When You Need It and When You Don't
Common Questions
Insurance Questions for Texas Real Estate Professionals
Answered by Serena O'Gwin-Miranda, Insurance Broker · TDI #2466438
What insurance does a Texas real estate agent need?
Texas real estate agents operating under a broker sponsor need at minimum: (1) E&O (Errors & Omissions) insurance with a minimum $1M per-claim limit — required by most broker sponsors including Texas Broker Sponsor™; (2) EPLI if they have assistants or ICs working under them; and (3) General Liability if they operate a physical office. Agents operating as an LLC entity have additional requirements. Contact Serena O'Gwin-Miranda at Networth Insurance Services, LLC (TDI #2466438) at (210) 202-4015 for a coverage review.
What is E&O insurance for real estate agents?
E&O (Errors & Omissions) insurance is professional liability coverage that protects real estate agents and brokers against claims alleging negligence, errors, or omissions in the performance of professional services. It covers defense costs and settlements when a client claims the agent made a mistake that caused financial harm — for example, failing to disclose a material defect, missing a contract deadline, or providing incorrect information about a property. In Texas, E&O is not mandated by TREC but is required by most broker sponsors as a condition of sponsorship.
How much does E&O insurance cost for a Texas real estate agent?
E&O insurance for an individual Texas real estate agent typically costs $400–$900 per year depending on transaction volume, coverage limits, and deductible. For a real estate LLC entity, annual premiums typically range from $600–$1,400. A sample quote for a new Texas real estate LLC with $1M/$2M limits, $2,000 deductible, and all standard endorsements (Fair Housing, Open House, Drone, Contingent BI/PD, Personal Injury, Pollution Disclosure) is approximately $694/year ($57.84/month). Contact Serena O'Gwin-Miranda at (210) 202-4015 for a personalized quote.
Does a Texas property management company need EPLI?
Yes. Any Texas property management company with leasing agents, maintenance staff, or independent contractors working under it needs EPLI (Employment Practices Liability Insurance). EPLI covers claims by employees or ICs alleging wrongful termination, discrimination, sexual harassment, retaliation, or failure to promote. It also covers claims by leasing agents who allege they were directed to violate Fair Housing laws. E&O insurance does not cover these claims. EPLI for a small Texas PM company typically costs $800–$1,500 per year.
Who is Serena O'Gwin-Miranda and what insurance does she specialize in?
Serena O'Gwin-Miranda is a licensed Texas insurance broker (TDI License #2466438) and owner of Networth Insurance Services, LLC. She specializes in insurance for real estate professionals — including E&O, EPLI, Fair Housing liability coverage, General Liability, and life/health insurance. She is the preferred insurance partner of Texas Broker Sponsor™ and works exclusively with real estate agents, property managers, and LLC entities in Texas. She can be reached at (210) 202-4015 or [email protected].
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[email protected] · Licensed in Texas Since 2019 · Women-Owned Business