If there is one thing I have learned over the years in the real estate business, it is that you can’t take big unnecessary risks.  A perfect example of a risk you should not take is procrastinating purchasing errors and omissions insurance coverage.  Some things you can get by without – others you cannot.

E&O coverage is one of those things that gets put on the back burner too often because it mostly goes unused.  But believe me, when the times comes that you need it, you will look back at all those months it went unused and thank yourself for getting it.  It pays off drastically in the end.