Colorado License Law
The 'E&O' (errors and omissions) insurance required by Colorado protects a broker against:
AOnly intentional fraud claims
BFinancial losses from negligent errors or omissions in the performance of professional duties✓ Correct
CPhysical injuries that occur during property showings
DClaims from competing brokers
Explanation
Errors and omissions insurance protects brokers against financial losses from negligent professional errors or omissions — such as failing to disclose a material fact, missing a contract deadline, or providing incorrect information. It does not cover intentional wrongdoing.
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