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Escrow Office Insurance

Most people don’t think twice about the role of an escrow office—until they need one. Then suddenly, your team becomes the bridge that keeps a home sale, loan, or big contract from falling apart. With that responsibility comes a lot of risk. Even just a small mistake can throw things off course. Escrow office insurance exists to steady the ship. It helps cover the kinds of surprises that could otherwise interrupt closings or drain your business accounts.

General Liability for Escrow Office

General liability insurance responds when someone outside your business says they were harmed because of your operations. That might be a client who takes a spill in your waiting area, a delivery driver who gets hurt in your parking lot, or a vendor who claims you damaged their equipment during a site visit. Beyond medical bills, it also helps cover legal defense and settlements if the situation escalates.

Examples:

  • A client arrives for a closing, slips on freshly mopped tile, and ends up in urgent care with a broken wrist.
  • While setting up networking equipment at a partner’s office, one of your employees accidentally knocks over and breaks a projector.
  • A competitor argues that your online ads misrepresented their services and caused them financial harm.

Business Owner’s Policy (BOP)

Many escrow offices choose a Business Owner’s Policy because it bundles liability and property protection at a better rate. Property coverage means your physical space and its contents are protected—computers, file cabinets, office furniture, and even the paper records you still need to keep on hand. Just as important, a BOP often includes business interruption coverage. If fire, theft, or a storm forces you to close your doors, the policy helps replace lost income and cover rent, payroll, and other bills until you’re back in business.

Examples:

  • A lightning strike causes a fire that destroys closing files and computer hardware.
  • Someone breaks in and steals all of your company's laptops and backup drives.
  • You lose income because your office roof was damaged during a storm and you're unable to work.

Workers’ Compensation for Escrow Office

Even in a professional office setting, employees can get hurt. This is surprising for some, because the first thought is that sitting and working at a desk is as safe as you can get. But things happen all the time, that cause workers to need medical treatment because they were injured on the job. This coverage is required in most states if you have staff, and it protects both your employees and your business. Injuries don’t have to be dramatic—years of typing contracts can lead to repetitive strain, and something as simple as an icy sidewalk can lead to serious medical costs.

Examples:

  • An escrow assistant develops carpal tunnel after years of typing contracts.
  • An employee slips on an icy staircase outside the office and needs surgery and weeks of recovery.
  • A runner delivering closing packets to a law office trips on a curb, resulting in a hospital visit and follow-up care.

Specialized Coverage for Escrow Offices

Because escrow professionals handle large sums of money and sensitive information, additional coverage is often just as important as the basics:

  • Errors and omissions insurance covers professional mistakes, like releasing funds too early or missing a filing deadline.
  • Cyber liability helps cover the cost of responding to a data breach, including client notifications, credit monitoring, and potential lawsuits.
  • Employment practices liability insurance (EPLI) steps in if an employee sues over harassment, discrimination, or wrongful termination.
  • A fidelity bond, often required by state law, protects against employee theft or fraud involving client money.
  • Umbrella liability provides higher coverage limits if a lawsuit or claim exceeds the cap on your underlying policies.

FAQs for Escrow Office Insurance

How much does coverage cost?
Premiums vary, but most escrow offices spend between $700 and $3,000 annually depending on size, location, and services offered.

How do I get insured?
Work with a commercial agent who understands escrow risks. They can bundle policies and adjust coverage so you don’t pay for protection you don’t need.

Why would my landlord ask for an additional insured endorsement?
It makes sure your landlord is covered under your policy if they’re drawn into a lawsuit connected to your office.

What is a certificate of insurance?
It’s a document that proves you have active coverage. Lenders, partners, and regulators often require it before working with you.

Is cyber insurance really necessary?
Yes. Escrow offices are prime targets for hackers because you handle personal and financial data every day.

Is errors and omissions required?
In most states, yes. It’s a legal requirement before you can even operate.

Can home-based escrow agents get covered?
Absolutely. Coverage can be tailored for professionals who work from a home office.

Does insurance protect me against employee fraud?
Only if you carry a fidelity bond or employee dishonesty coverage—both are strongly recommended and sometimes mandatory.

Why Work with USA Insurance

Choosing insurance for an escrow office isn’t just a box to check—it’s part of keeping your reputation solid and your business dependable. Clients count on you to handle money and documents without disruption, and the right coverage makes sure you can.

USA Insurance works with escrow offices every day, which means we know the risks you’re up against and how to address them. With responsive service, flexible policy options, and experience across the country, we focus on protecting your business so you can focus on closing deals.

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