Overview

Under Agreement
with the
Idaho Real Estate Commission

Idaho real estate salespersons, brokers and firms are required to carry errors and omissions (E&O) insurance as a condition of licensure. The Idaho Real Estate Commission selected Rice Insurance Services Company, LLC (RISC) as the program administrator for the group E&O insurance program for Idaho licensees. Continental Casualty Company, one of the CNA insurance companies is the insurance carrier for the E&O program.  CNA is rated "A (Excellent)" by A.M. Best.

RISC provides all servicing of the Idaho account including claims handling, policy issuance, marketing mailings, etc. The management team of RISC specializes in handling group programs for states with mandatory real estate E&O insurance requirements. RISC is located at 4211 Norbourne Boulevard, Louisville, Kentucky 40207-4048.

The group program is designed to protect the real estate professional from the financial consequences of consumer claims. Even the most careful professional cannot always prevent the filing of a frivolous lawsuit nor can they preclude making an honest mistake. Under this program, the insurance provider has the responsibility of defending all covered claims, as well as paying a settlement or judgment up to the limits of liability, subject to the deductible.

You must be licensed in Idaho to purchase coverage under the group program. If you are licensed, but not domiciled in Idaho, your coverage will only apply to professional services performed in Idaho unless you meet the exception under, Insuring Agreement, Section V. Territory. If you are licensed in more than one state, or do not live in Idaho, please contact RISC for additional information.