What type of insurance protects agents and brokers from accidental legal violations?

Errors and omissions insurance is specifically designed to protect agents and brokers from claims arising from unintentional mistakes or oversights in the performance of their professional duties. This type of insurance covers legal costs and any damages that may result from such errors, ensuring that professionals are safeguarded against financial loss due to accidental legal violations.

For agents and brokers, who operate in environments where precision in advice and transactions is critical, having errors and omissions insurance is essential. It provides a safety net in the event that a client claims they suffered a loss due to negligence or inadequate professional services, even if these errors were unintentional.

Liability insurance, while also providing some level of protection, typically covers broader categories of liability and may not specifically address the nuances of errors made in the course of providing professional services. General insurance and property insurance focus more on tangible assets and physical properties rather than the legal implications of professional conduct. Thus, errors and omissions insurance is the most appropriate choice for protecting agents and brokers against accidental legal violations.