According to NAR's most recent Realtor survey, only about 23% of Agents/Brokers carry E&O Insurance--and typically brokers are more likely to carry insurance than agents--it's often the case that agents are covered under their broker's policy.
I've been serving real estate professionals as an insurance broker at OREP.org for over 11 years now. Our minimum annual premium starts at $369, taxes and fees not included.
A bit of advice for Agents:
We recommend that agents carry their own E&O insurance, even if covered under a brokerage policy. The reason for this is if your Broker retires or non-renews his policy, your "Prior Acts" coverage, i.e. the coverage that you had under your Broker's policy is discontinued and you are left with a potential liability risk. If it's possible, sometimes a broker will let you opt out of their policy and you can purchase your own. Not only does it put you in a better position, in that YOU get to control your liability/risk by keeping your insurance current, but it can also save you money.
If you're still looking for a quality program, or you have questions regarding insurance in general, I encourage you to give us a call at 888-347-5273.
Our application process is quick and easy.