In these litigious times, it is more important than ever to ensure you have adequate protection for the risks of your firm. In addition
to Real Estate E&O claims, real estate firms and agents are facing increased exposure to general liability and cyber claims.
Any real estate firm or agent should carry at a minimum General Liability and E&O Coverage. If you do not currently carry General
Liability coverage and would like a quote, please complete the Business Owners Policy (BOP) application below.
Cyber claims have been trending up for the real estate industry and these claims will typically not be covered under an E&O or General
Liability policy. Specific Cyber Liability/Crime coverage needs to be carried to address this risk. Please let us know if you are interested
in receiving a quote and we will forward application for completion.
There are many other insurance coverages to be considered for risks of any business. Please see below information on other coverage
and let us know if you would like to discuss or receive a quote. This is not a complete list of all the available coverages you may
need and is provided for your information only.
ACCOUNTS RECEIVABLE: Coverage for sums due from customers, including collection costs and the
expense of recreating accounts receivable records following a covered loss to your records.
AGREED AMOUNT VALUATION: Eliminates the co-insurance requirement and potential penalties in building, personal
property and business income coverages.
AUTOMOBILE VISUAL, AUDIO & DATA ELECTRONIC EQUIPMENT: Coverage for navigational equipment, DVDs and other
audio and data electronic equipment is not provided without this additional coverage.
BOILER & MACHINERY:Coverage for the mechanical breakdown of boilers, HVAC equipment or other machinery.
BUILDING ORDINANCE: Coverage for the increased cost of construction as required by building codes following a covered loss.
BUILDERS RISK/INSTALLATION FLOATER: Coverage for property in the course of construction and building materials on job sites and in transit.
COMPUTER MEDIA: Coverage for the cost to recreate lost data following a covered loss.
CYBER LIABILITY: Data loss, non-physical business interruption and extra expense coverage. Virus
transmission liability, security breach privacy liability and customer notification expense.
DIRECTORS’ & OFFICERS’ LIABILITY: Coverage for directors and officers resulting from errors or omission of their fiduciary duties.
DRIVE OTHER CAR COVERAGE: Coverage for a named individual’s personal use of a non-owned, hired or borrowed auto for liability,
uninsured/underinsured motorists and physical damage.
EARTHQUAKE: Coverage for earthquake damage is not provided without this specific additional coverage.
EMPLOYEE BENEFITS LIABILITY: Coverage for negligent acts, errors or omissions in the management of your employee benefits plans.
EMPLOYEE FIDELITY: Dishonesty coverage for the theft of money or other property by employees.
EMPLOYMENT PRACTICES LIABILITY: Coverage for employment relative claims such as wrongful termination, sexual harassment, discrimination
and specified violations of the Americans with Disabilities Acts (A.D.A) is not provided without this specific additional coverage.
EXCESS LIABILITY: Coverage for automobile, General Liability and employers Liability losses in excess of primary policy limits.
FENCING/ANTENNAS: Protection for fences or antennas is not provided without this specific additional coverage.
FLOOD: Coverage for flood damage is not provided without this specific additional coverage.
GENERAL LIABILITY: Coverage for negligent acts resulting in third bodily injury or property damage.
Every real estate firm should also have General Liability coverage.
GLASS: Protection for building glass is not provided without this specific additional coverage.
HIRED AUTOMOBILE LIABILITY: Coverage for liability arising out of the use of a hired “auto” in your business.
HIRED AUTOMOBILE PHYSICAL DAMAGE: Coverage for comprehensive physical damage and collision to hired or rented “autos”.
LIQUOR LIABILITY: Provides coverage for liability arising out of the selling, serving, furnishing or distributing of liquor.
LOSS OF RENTS: Provides coverage for the loss of rental income as a result of a covered loss to a building.
MOLD/FUNGI: Coverage for Bodily Injury or property damage liability and damage to insured property resulting from mold/fungi.
MONIES & SECURITIES: Coverage for the theft, disappearance or destruction of monies or securities.
NON-OWNED AUTOMOBILE LIABILITY: Coverage for liability arising out of the use of a non-owned
“auto” by an employee in connection with your business.
PERSONAL PROPERTY OFF PREMISES: Coverage for personal property is limited to the insured location without this specific additional coverage.
POLLUTION: Coverage for the cleanup of pollutants, bodily injury or property damage liability resulting from pollutants is not provided
without this specific additional coverage.
PROFESSIONAL LIABILITY: Coverage for liability from errors or omissions resulting from professional services.
POWER FAILURE/SURGE: Coverage for direct or indirect loss due to power failure or surge is not provided without these specific additional coverages.
RENTED EQUIPMENT: Coverage for loss of rented equipment is not provided without specific optional coverage.
SELLING PRICE VALUATION: Provides coverage for finished inventory at the actual selling price of the goods.
SIGNS: Protection for signs is not provided without this specific additional coverage.
SPOILAGE: Coverage for loss of perishable stock caused by changes in temperature resulting from a covered loss.
VALUABLE PAPERS: Coverage for the cost of reconstructing records following a covered loss.