Even daily and regular tasks may include sizable financial risk for real estate professionals. Transactions involving purchasing or leasing property are often some of the most significant investments made by your clients. Even a slight mistake could lead to costly consequences for which you may be blamed. Your company may face lawsuits arising from various alleged incidents, including the following:
Incorrect advice
Negligence
Misrepresentation
Omissions
Oversights
Even if accusations brought against your business are false and you are eventually found innocent of any wrongdoing, lacking adequate professional liability insurance could lead to extensive out-of-pocket legal costs.