Maximizing Savings: How Real Estate Brokers Can Cut E&O Insurance Costs Without Compromising Coverage
Case Study: How Johnny at Erazo Insurance Services LLC Helped a Real Estate Brokerage Save Over $30,000 on E&O Insurance
How Real Estate Brokers Can Cut E&O Insurance Costs and Maximize Coverage
Business Profile
Industry: Real Estate Brokerage
Size: 500+ Agents
Coverage Needed: Errors & Omissions (E&O) Insurance
Previous Annual Premium: $60,000+
The Costly Challenge Facing Real Estate Brokerages
Real estate brokerages with hundreds of agents often struggle with the high cost of Errors & Omissions (E&O) insurance. This essential coverage safeguards brokers against legal claims, but premiums can be excessive—just like the case of this 500+ agent brokerage paying over $60,000 per year. Finding affordable yet comprehensive coverage was a challenge, as comparing policies and negotiating rates can be time-consuming and complex.
Johnny, a broker at Erazo Insurance Services LLC’s Insurance Cost-Saving Strategy
At Erazo Insurance Services LLC, we specialize in helping real estate brokerages save money on their E&O policies without sacrificing essential protection. Our team took a strategic approach to lower this brokerage’s premium by over $30,000 annually, including:
In-Depth Policy Review: Identifying unnecessary expenses and potential coverage gaps.
Competitive Market Shopping: Comparing policies from leading E&O insurance providers.
Expert Negotiation Tactics: Creating insurer competition to secure the best possible rate while maintaining full coverage.
The Results: Major Cost Savings & Improved Coverage
Through our meticulous process, this real estate brokerage achieved:
Annual Premium Savings: Over $30,000, reducing costs by more than 50%.
Enhanced Policy Terms: The same level of coverage with tailored improvements.
Better Claims Support: A policy backed by an insurer known for superior customer service and claims handling.
Client Testimonial: A Brokerage’s Perspective
"Johnny not only saved us over $30,000 a year, but they also made the process effortless."
– Managing Broker, Los Angeles, CA
Why Real Estate Brokerages Trust Johnny, a broker at Erazo Insurance Services LLC for Insurance Savings
If your brokerage is overpaying for E&O insurance, now is the time to explore better options. At Erazo Insurance Services LLC, we specialize in helping real estate professionals cut costs while maintaining top-tier protection. Contact us today for a free consultation and see how much you could save!