FAQ_category: (HIDDEN) Industry FAQs

Not always—but tailored coverage helps: 

• General liability does not automatically include injuries or property damage during showings unless you have a showing-specific or “open house” endorsement (also called contingent liability coverage). 

• Without it, you may personally bear the cost if a visitor is hurt or property is damaged at a showing—even if you weren’t negligent. 

• E&O insurance may cover errors related to transaction advice—but not physical injury during an open house. 

Yes! Often by regulation or contract: 

• Many state licensing authorities require Errors & Omissions coverage as part of licensure. 

• Brokerages and agencies often require individual E&O and liability proof before agents can operate under their umbrella. 

• Open houses and third-party access make general liability important, even if there’s no legal mandate. 

Real estate professionals often require: 

• Errors & Omissions (Professional Liability Insurance): crucial for claims involving failure to disclose, contract mistakes, or inaccurate advice. 

• General Liability Insurance: covers third‑party bodily injury or property damage during open houses or client visits. 

• BOP (Business Owner’s Policy): a bundle of property and liability coverage that often includes business interruption. 

• Commercial Auto Insurance: required if you use vehicles for client meetings or showing properties. 

• Cyber Liability Insurance: recommended if handling client data, contracts, or personal information digitally. 

With the right policy set, your IT business is protected from: 

• Third‑party claims: injury, property damage, improper advertising (general liability). 

• Service errors or professional mistakes leading to client loss (E&O coverage). 

• Cyber risks: data breaches, downtime, or ransom payments after an attack. 

• Property losses: damage to your hardware or office from theft or disaster. 

• Auto claims: if delivering equipment or visiting clients by company vehicle. 

On average, Gilders pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs.