Providing you with insurance protection

E&O provides you with up to $2 million in coverage for claims made against you alleging errors, omissions or negligent acts on your part in providing real estate services.

We provide coverage for both expense and indemnity payments. Expenses are the costs of defending the claim including legal fees and disbursements.

Indemnity payments are payments made on your behalf to compensate a party who has suffered a loss as a result of your mistake. This may be awarded in a court action or it may be a settlement of a claim.

We have lawyers on staff and also work with outside counsel.

You pay your fees for E&O insurance when you renew your real estate licence. Every licensee in BC must pay into E&O. As a non-profit, self-insurance organization, we pool your fees and use the funds in the pool to cover defending claims and, when merited, paying claims.

Privacy is important to us

In order to maintain the security, confidentiality and privacy of the personal information of all licensees in the province, we follow the E&O Privacy Policy.

Making E&O accessible through recognizing and addressing barriers

E&O believes in equal participation for all individuals and is committed in supporting BC’s goal to identify, prevent and remove accessibility barriers. Review our Accessibility Plan for more information.

E&O background

E&O is a mandatory professional liability self-insurance program in which all licensees under the Real Estate Services Act (RESA) must participate. E&O’s mission statement is “to provide cost-effective professional liability insurance, loss prevention tools and legal support services for the protection of real estate licensees and thereby the public.” E&O came into existence on February 1, 1988 under the Real Estate Act and continued unchanged when that Act was replaced in 2005 by RESA.