TRANSACTION COORDINATORS
Transaction Coordinator E&O Insurance
for Coordinators & Firms
Professional liability coverage for allegations arising from covered transaction coordination and related real estate administrative services.
15+ Years
Experience
Independent
Broker
Multiple
Insurance Markets
CA License
#0F89428
TRANSACTION COORDINATOR PROFESSIONAL LIABILITY
What Transaction Coordinator E&O Covers
Transaction coordinator Errors & Omissions insurance may respond to covered claims alleging negligent acts, errors or omissions arising from covered transaction coordination services.
Coverage depends on the Named Insured, the policy definition of Insured, and the transaction-related Insured Services shown or defined in the policy. The scope of services and whether the coordinator is licensed can affect underwriting and policy wording.
Professional Transaction Coordination Services
Depending on the policy, insured services may include:
● Coordinating real estate transaction documents
● Tracking deadlines and required forms
● Communicating with agents, escrow and other parties
● File organization and transaction follow-up
● Administrative support specifically included by the policy
POLICY BASICS
How the Policy Works
Transaction coordinator E&O policies are commonly written on a claims-made basis. Prior acts, insured services, limits, retention and defense-cost treatment should be reviewed together.
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Claims-Made Basis
Covers claims first made against you during the policy period.
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Retroactive / Prior Acts Date
May provide coverage for eligible claims arising from work performed after this date.
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Limits of Liability
The maximum amount the policy will pay for a covered claim or in total during the policy period.
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Retention or Deductible
The amount you are responsible for before the policy pays, depending on the form.
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Defense Costs
May be inside or outside the limits, depending on the policy.
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Extended Reporting Period (ERP)
Optional coverage to report a claim after the policy ends, subject to policy terms.
ADDITIONAL COVERAGE OPTIONS
Transaction-Coordinator-Specific
Coverage Considerations
Transaction coordinators should review the services and business characteristics that can affect eligibility, wording or endorsements:
● Residential versus commercial transaction work
● Number of transactions handled annually
● Licensed versus unlicensed service scope
● Independent contractor versus brokerage-employed role
● Work performed for multiple brokerages or agents
● Prior claims, complaints or disputes
● Current carrier, retroactive date and continuity
● Cyber, wire-fraud and privacy exposures
Coverage availability depends on the insurer, state, policy form, underwriting and the services performed.
RELATED PROFESSIONAL LIABILITY
Related Real Estate Professional Liability
Transaction coordinators work closely with real estate brokerages, agents, escrow companies and other professionals. ECLICK provides separate professional-liability paths for those related operations.
Real Estate Agent & Brokerage E&O
Professional liability coverage for real estate agents, brokers and brokerage firms.
Property Manager E&O
Professional liability coverage for residential and commercial property-management services.
Escrow Company E&O
Professional liability coverage for escrow companies and escrow officers.
OUR APPROACH
How ECLICK Reviews a Transaction Coordinator E&O Risk
We review your transaction-coordination role, service scope, business relationships and prior coverage before approaching available markets and comparing policy terms.
01
Understand the Transaction Coordination Business
We review entity structure, licensing status, annual transaction volume, staffing and the states where services are performed.
02
Confirm Transaction Services & Prior Acts
We confirm the administrative and transaction services performed, along with retroactive date and claims history.
03
Approach Available Markets
We pursue appropriate options from carriers, specialty programs, MGAs and wholesale markets available to ECLICK.
04
Compare Policy Terms
We compare insured services, limits, retention, defense-cost treatment, endorsements, conditions and premium.
COMMON QUESTIONS
Questions Before
You Bind
Get answers to common questions about transaction coordinator E&O, prior acts, insured services and policy terms.
Who is insured under a transaction coordinator E&O policy?
The Named Insured and the policy definition of Insured control who may qualify for protection. Owners, employees and independent transaction coordinators should be reviewed against the actual form.
How does prior-acts coverage apply to past transactions?
Prior-acts coverage may apply to eligible transaction coordination services performed before the current policy period, subject to the retroactive date, continuous coverage, known-circumstance provisions and other policy terms.
Do defense costs reduce my E&O limit?
It depends on the policy. Some forms treat defense expenses within the liability limit, while others may provide separate or additional defense provisions. This can materially affect how much limit remains available.
Can real estate sales or other financial services be included?
They may be, depending on the insurer and policy form. Real estate sales, appraisal, consulting, lending and other financial services should be disclosed so the insured-services definition can be reviewed.
READY TO GET STARTED?
Get a Transaction Coordinator E&O Quote
Speak with an ECLICK specialist about your transaction coordination business, insured services and coverage options.
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