Real Estate Agents and Brokers COVERAGE HIGHLIGHTS:
Capitol Special Risks offers a comprehensive insurance program tailored for Real Estate Agents and Brokers. Whether your clients are independent agents, franchises, or brokerages, this program is designed to address the specific professional liability exposures in the real estate industry. With broad coverage options and value-added features, agents and brokers can offer confidence and protection to their insureds in a competitive and litigious marketplace.
Coverage Highlights Include:
• Broad definition of Professional Services
• Duty to Defend
• Soft Hammer Clause
• Written consent of the Insured required for settlements
• Mutual selection of defense counsel
• Coverage extension for independent contractors
• Liability protection for Spouses, Domestic Partners, Estates, and Legal Representatives
• Punitive Damages coverage (where insurable by law)
• Personal and Advertising Injury coverage
• Internet Services and Internet Media Services coverage
• Owned Property coverage with no ownership percentage threshold
• Final adjudication and severability for fraud-related claims
• Carve-back for Professional Services related to Pollution, Mold, and Property Syndication
• 60-day automatic Extended Reporting Period
• Bi-Lateral Extended Reporting Period with up to a 5-year tail available
• 60-day notice of non-renewal
• Severability of Application
ADDITIONAL COVERAGES AVAILABLE for Real Estate Agents and Brokers:
• Aggregate Retentions
• Disciplinary Proceedings Reimbursement
• Loss of Earnings and Expense Reimbursement
• Contingent Bodily Injury/Property Damage (BI/PD)
• Lockbox Coverage
• Discrimination Coverage (Sub-limits up to full Policy Limits)
• Additional Defense Limit of Liability
• Retention Reduction for Residential Real Estate
Capitol Special Risks understands the fast-paced world of real estate and the importance of timely service. We offer quick turnaround times and never charge a broker fee. You can rely on our experienced team to help you place real estate E&O accounts, whether your prospect is a growing residential brokerage or a commercial firm with multiple agents.
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service - CA Fire & Casualty Agency - #0C46094