E&O Insurance for Realtors, CPAs, Notaries — $850-$1,200/year
Errors & Omissions for licensed realtors, CPAs, notaries. $1M/$1M limits $850-$1,200/year. Best carriers: Hiscox, CNA, Embroker, AmTrust. Bilingual EN/RU.
What E&O Covers for Professionals
- Claims of professional negligence
- Documentation errors
- Omissions in disclosure (realtors)
- Misrepresentation claims
- Failure to advise (CPAs)
- Notarial mistakes (notaries)
Pricing in NJ (2026, Realtors $1M/$1M)
| Carrier | Limits | Premium | Notes |
|---|---|---|---|
| Hiscox | $1M / $1M | $850 | online, fast bind |
| CNA | $500K / $1M | $720 | broker-favored |
| Embroker | $1M / $1M | $940 | cyber add-on included |
| AmTrust | $1M / $1M | $815 | NAR member discount |
| Markel | $1M / $1M | $895 | Strong on appraisers/notaries |
Why $1M/$1M is Standard
For NJ residential under $1M homes, $1M per claim / $1M aggregate is industry standard. Lenders often require it for buyer's agents. CPAs handling small business books typically carry $1M-$2M.
Cyber Add-On (Highly Recommended)
Realtors and CPAs use email, Docusign, e-fax extensively. Cyber add-on $150-$250/year covers:
- Wire fraud (most common claim)
- Phishing email impersonation
- Data breach response
- Ransomware
Cross-Sell Opportunity
One realtor purchases E&O + commercial auto + home + life + umbrella = $3,000-$6,000 LTV over 5 years.
Frequently Asked Questions
How much does E&O cost for NJ realtors?
E&O for NJ residential realtors with $1M/$1M limits costs $850-$1,200/year. Best carriers: Hiscox ($850), AmTrust ($815 with NAR discount), Embroker ($940 with cyber).
Is $1M/$1M enough E&O coverage?
Yes for residential under $1M homes. For high-end ($1M+) or commercial transactions, consider $2M/$2M or $3M aggregate. Many lenders specifically require $1M minimum for buyer's agents.
Do CPAs and notaries need E&O?
Yes. CPAs typically carry $1M-$2M E&O ($1,200-$2,500/year). Notaries carry lower limits ($25K-$100K, $50-$150/year) plus a notary bond required by most states.
What is wire fraud and is it covered?
Wire fraud is the #1 cyber claim for realtors — fraudster impersonates closing agent and redirects buyer's funds. Standard E&O often excludes; cyber add-on ($150-$250/year) closes this gap.