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STATPro Underwriters
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STATPro Underwriters
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Appraisers Professional Liability Insurance

STATPro Underwriters offers a specialized solution for Appraisers Professional Liability Insurance, backed by Lloyd’s of London paper and tailored for independent insurance agents and brokers placing professional liability coverage for real estate and personal property appraisers. With a streamlined underwriting process and deep technical expertise, STATPro delivers efficient turnaround on both standard and complex submissions.

Overview of the Program From STATPro

STATPro provides professional liability coverage designed specifically for licensed appraisers across the United States. Whether your client is handling residential, commercial, or personal property appraisals, this program is built to address the unique risks they face. STATPro’s access to Lloyd’s of London ensures a strong financial backing, while their in-house underwriters deliver fast and responsive service for small to mid-sized accounts.

Ideal Accounts and Appetite

This program is ideal for:
  • Residential real estate appraisers
  • Commercial property appraisers
  • Personal property and fine art appraisers
  • Small to mid-sized firms or solo practitioners
You might have a client who works independently or with a small team conducting residential appraisals in multiple states—or a firm specializing in commercial real estate valuations. Both scenarios are a strong match for this program.

Coverage Highlights and Advantages

  • Claims-made and reported coverage—must report no later than 60 days after policy expiration
  • Lloyd's of London paper with limits up to $5,000,000 (primary capacity only)
  • Mutual choice of counsel—ensures the insured has a voice in legal representation
  • 50/50 amended settlement provision—supports shared decision-making in claims resolution
  • Reimbursement for participation in claims proceedings
  • Defense for disciplinary and administrative actions
  • Subpoena expense reimbursement

Underwriting Notes and Minimum Premiums

STATPro uses a templated underwriting approach for fast quoting of small accounts. For more complex risks, senior underwriters are available to provide tailored solutions with customized language. Minimum premiums vary depending on risk profile, state, and limits selected.

Territories and Availability

This program is available in most states, including but not limited to: CA, TX, FL, NY, IL, GA, and WA. Coverage is written on a non-admitted basis in most jurisdictions. Be sure to confirm state-specific eligibility prior to binding.

Why Work With STATPro

As a Managing General Agency with a focus on professional liability, STATPro combines speed and expertise. Their partnership with CGSC North America enhances service scalability while maintaining underwriting precision. Whether your client is a solo appraiser or part of a growing enterprise, STATPro delivers tailored solutions with minimal delays.

Give us a call to learn more about how STATPro can help you place Appraisers Professional Liability Insurance or explore our other specialty classes.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for residential, commercial, and personal property appraisers, including solo practitioners and small firms.

Is the policy written on an admitted or non-admitted basis?

The policy is written on Lloyd’s of London paper and is non-admitted in most available states.

What are the available coverage limits?

Limits are available up to $5,000,000 on a primary basis.

Does the policy include defense for licensing board actions?

Yes, defense for disciplinary and administrative proceedings is included in the coverage.

How quickly can I get a quote for my client?

STATPro offers fast turnaround for templated risks and will provide custom solutions for more complex submissions.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    A.M. Best A rated
  • Commission:
    Competitive
  • Min Premium:
    Varies

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CONTACT INFORMATION

LOCATION

32 Old Slip, 5th Floor
New York, NY 10007
212-618-0197
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AGENCY LICENSING

Licensed in all 50 States
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STATPro Underwriters has other insurance programs like Environmental Consultants Professional Liability Insurance .