Real Estate Glossary

What is Errors and Omissions Insurance?

Errors and omissions insurance (E&O insurance) is a type of insurance that covers professionals, such as real estate agents, brokers, and appraisers, against claims or losses that may arise from errors, omissions, or other professional mistakes. E&O insurance may provide protection against claims of negligence, malpractice, or breach of contract, and it may cover legal defense costs, settlements, or judgments. E&O insurance may be required by law or by industry standards, and it may be purchased as an individual policy or as part of a package policy.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, SC, TN and TX.
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