Can E&O insurance be purchased on a per transaction basis

[Jason Mak]

Hello BP,

I am a licensed broker (not sales agent) but not currently actively using my license. I'm looking to broker a deal and would like to purchase E&O insurance for just this transaction. Does anyone know if that is possible or offered?

Thanks,

Jason

[Joe Bertolino]

Check with CRES insurance services. I believe the rating basis is per transaction but you do need to put a deposit down. It is $1220 to get coverage bound. An independent agent that works in this space can access CRES for you as well.