Posted on 29 Nov 2011
Norman-Spencer Agency has launched an exclusive real estate professional liability program. The comprehensive policy is backed by an “A”-rated carrier with admitted coverage in all states except California and Hawaii.
The Platinum E&O Real Estate Liability product is available to a broad range of real estate professionals, including residential and commercial sales, leasing, property management, consulting, auctioneering, mortgage brokering, BPOs and appraisal and escrow services.
Standard policy features include coverage for agent-owned property, open houses, subpoena assistance, security incidents and public relations/crisis events. Contingent BI/PD coverage is added to each policy.
Environmental hazards and discrimination defense coverage are available to full policy limits. Deductibles start at $1,000.
The product is self rating with an instant bindable application. An automatic renewal option is available. The agency also offers an endorsement for independent contractors.