Real Estate

Why Real Estate Appraisers Should Have Errors & Omissions Insurance

In the dynamic world of real estate, the role of appraisers stands out as crucial. These professionals provide an unbiased assessment of property values, aiding in fair transactions and ensuring market stability. However, alongside their expertise comes a responsibility that extends beyond valuation accuracy: mitigating risks and protecting stakeholders. One vital aspect of this risk management is Errors and Omissions (E&O) insurance, which plays a pivotal role in safeguarding both appraisers and their clients.

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Which AOPs Have the Most Severity?

Lawyers professional liability insurance, also known as legal malpractice insurance, covers claims arising from errors, omissions, negligence, or misconduct in the provision of legal services. While the specific areas of practice (AOPs) with the highest and most severe claims may vary over time and depend on various factors, certain practice areas tend to carry a higher risk.

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