Broker Insurance Requirements


Every active real estate licensee, including licensed real estate companies with more than one broker, shall have in effect a policy of errors and omissions insurance to cover all acts requiring a license. Licensees can be covered under their company’s umbrella E&O policy.

The Division has contracted with Rice Insurance Services, LLC to administer the group E&O insurance program for real estate brokers.

Group E&O policies

Some licensed brokerage firms carry a group E&O policy that provides coverage to all brokers associated with that firm for the duration of their employment/association with that firm. Terminating employment with that brokerage firm may result in the need to purchase 'tail' coverage and a new individual E&O policy.

Detailed information on E&O insurance policy requirements (limits, deductibles, etc.) can be found in Chapter 2 of the Colorado Real Estate Manual, Commission Rule 3.9.


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