What Is E&O Insurance?
Errors and omissions (E&O) insurance protects your company, or you individually, if a client alleges that a service you provided, or failed to provide, resulted in a financial loss. For title agents and abstractors, E&O insurance is often referred to as professional liability insurance.
Most E&O policies cover judgments, settlements, and defense costs. Even when allegations are ultimately found to be groundless, defending a lawsuit can cost thousands of dollars. These expenses can be devastating for smaller firms and have a lasting impact on larger organizations.
Daniel D. Mennenoh, ITP, NTP
ALTA President, 2016–2017
Surety Bonds
Surety bonds help demonstrate financial responsibility and regulatory compliance by guaranteeing your obligations to a third party, such as a state regulator, underwriter, or client. Many title agencies are required to carry a bond as a condition of licensing or doing business.
Common bonding needs include:
- License and permit bonds
- Fidelity bonds
- Other bonds required by state regulations or contractual agreements
Title Industry Assurance Company (TIAC)
Title Industry Assurance Company (TIAC), a Risk Retention Group, is entirely owned and managed by title professionals. Since 1988, TIAC has provided insurance solutions to ALTA members and is one of the most longstanding and knowledgeable E&O insurance providers serving title agents and abstractors.
The E&O insurance market for title professionals has remained volatile, with many insurers increasing rates or reducing coverage. ALTA members faced a similar environment in the mid-1980s, prompting ALTA to create its own insurance company to ensure long-term market stability and member-focused coverage.
In 2026, TIAC expanded its offerings by launching a digital solution that allows title professionals to purchase surety bonds online.
Why TIAC:
- E&O insurance is a critical component of ALTA Best Practices Pillar 6, which requires title agents to maintain appropriate insurance coverage
- TIAC underwriters are dedicated industry professionals with an average of 25 years of experience
- TIAC is the only E&O insurer recommended by all major national title insurers, including Fidelity National, First American, Old Republic, and Stewart Title, as well as regional underwriters such as Security Title Guarantee of Baltimore and Agents National Title Insurance Company
- TIAC exclusively focuses on E&O insurance and surety bonds for title professionals
For more information or to receive an E&O quote:
Email: [email protected] | Visit: www.tiacrrg.com | Call: 1-800-628-5136
Surety bonds can be purchased directly through TIAC’s online platform below.
Visit TIAC’s Website Get an E&O Quote Buy a Surety Bond
What is E&O Insurance?
In short, E&O coverage provides protection for you in the event that an error or omission on your part may have caused a financial loss for your client.
Errors and omissions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. For title agents and abstracters, it may be called professional liability. E&O insurance covers you for errors (or omissions) that you have made or that the client perceives you have made.
Most E&O policies cover judgments, settlements and defense costs. Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit. They can bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies.
"As our endorsed professional liability insurance program, we encourage all our members to find out how their firms can benefit from TIAC's broad coverage and excellent service."Daniel D. Mennenoh ITP, NTP, ALTA's 2016-17 President
Title Industry Assurance Company
Title Industry Assurance Company (TIAC), Risk Retention Group (RRG), the only company wholly owned and governed by title professionals. In 1988, TIAC began insuring ALTA members, making TIAC one of the oldest and most experienced E&O insurers for title agents and abstracters.
The market for title agents and abstracters' errors and omissions insurance (E&O) has continued to be volatile. Many remaining insurers are raising rates or providing inferior coverage. ALTA members faced a similar situation in the mid-1980s, so ALTA determined the best way for members to have a long-term, stable market was to create their own insurance company.
- E&O insurance is an essential component in protecting you against future claims and an integral part of ALTA's Best Practices Pillar 6, requiring title agents to maintain appropriate levels of insurance coverage.
- TIAC underwriters are dedicated industry professionals with an average of 25 years' experience in the field.
- TIAC is the only E&O insurer recommended by all major title insurers, including Fidelity National, First American, Old Republic, Stewart Title, and regional underwriters like Security Title Guarantee of Baltimore and Agents National Title Insurance Company.
- TIAC's only business is providing E&O insurance and the policy was created by title professionals.
For more information or to receive a quote, please send an e-mail to [email protected], visit www.tiacrrg.com or call 1-800-628-5136 or 301-986-6801.
Visit tiacrrg.com TIAC E&O Applications Renew Your TIAC Membership
To learn more about TIAC coverage, please take a look at their Services page.