Errors and Omissions (E&O) coverage helps to:

While E&O coverage indirectly benefits buyers by ensuring that brokers maintain a high standard of service, it does not primarily serve to protect them. Instead, it shields brokers from claims made by buyers, which can lead to better service overall, but the coverage itself is not designed with the buyer's protection as its main focus.

Similar to the buyer, sellers may experience indirect benefits from E&O coverage through improved professionalism from brokers. However, the primary function of E&O insurance is to protect brokers from litigation, not to provide direct protection to sellers against claims or issues that may arise in the transaction process.

E&O coverage does not directly reduce risks to sellers post-closing. Instead, it focuses on protecting brokers from claims related to their professional services. Sellers may have other forms of insurance that protect their interests after a transaction, but E&O coverage is not tailored to that purpose.