RE Broker/investor seeking E&O insurance

[Mike Oconnell]

The E&O insurance companies that I have checked with do not offer coverage for the real estate agent on deals where the agent has an ownership interest in the property being flipped.

I would love to hear from agent/investors out there who flip properties and also are the listing agent for those properties.

Are there E&O insurance companies that offer such insurance for the agent?

I know this is a very common situation and happens all the time so how do agent/investors deal with it - do they just do the deals knowing that they are not covered? Do they get an agent from another brokerage to be the listing agent and pay them commission (adding expense to the deal)? Do they use an insurance carrier that does cover these types of deals?

Any thoughts or insights would be greatly appreciated!