Insurance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Insurance Coverage Requirements: RE Brokerage vs. PM Company
Looking for some general guidance in the New York insurance requirement field for opening up a new real estate brokerage.
To my understanding thus far in my journey, I would need to obtain Errors and Omissions insurance. However, my brokerage will be focusing heavily on property management so are there different insurance policies that are needed in addition to E&O coverage? I will not be employing anyone initially if that helps at all.
Still new to this so I'm learning as I go. Any help is much appreciated!