What does the errors and omissions liability insurance for Christies International Real Estate cover?

According to Christies International Real Estate's 2025 Franchise Disclosure Document, franchisees are required to maintain errors and omissions liability insurance. This insurance must cover real estate brokerage services, along with any other approved services and products that individuals associated with the franchisee's business offer. The minimum coverage amount required is $1,000,000 per occurrence.

This requirement ensures that Christies International Real Estate franchisees have adequate protection against potential claims arising from errors or omissions in the services they provide. This coverage extends not only to real estate brokerage but also to any other approved services or products the franchisee offers, providing a comprehensive safety net. The policy helps protect the franchisee's business and assets in the event of a lawsuit or claim.

Maintaining this level of insurance coverage is a condition of the franchise agreement, and franchisees must ensure that their policies meet the specified requirements. Christies International Real Estate also requires to be named as an additional insured on the policy and that the policy includes a waiver of subrogation in their favor. Franchisees must secure this insurance before beginning operations and maintain it throughout the term of the License Agreement.