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Robert W Schmidt & Company e-Newsletter
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Robert W. Schmidt & Company
155 S. Executive Drive, Suite 204
Brookfield, WI 53005-4219
Toll Free: 800-361-4011
Phone: 262-790-4011
RWSins@RobertWSchmidtCo.com

Atomic8Ball e-Newsletter

REAL ESTATE & PROPERTY SERVICES PROFESSIONAL LIABILITY

One in five real estate agent/brokers will be involved in a lawsuit at some point during their career. Your clients shouldn't simply hope they won't become a statistic.

Target Classes:

  • Asset Manager
  • Facilitator
  • Home Inspectors
  • Lead Paint Inspector
  • Leasing Agent
  • Mortgage Banker
  • Mortgage Broker
  • Mortgage Field Representative
  • Property Manager
  • Real Estate Agent/Broker
  • Real Estate Appraiser
  • Real Estate Consultant
  • Relocation Consultant
Buiding Inspector

Real Life Exposures:

Many real estate professionals are brought into suits relating to failure to disclose a contaminant which may include lead, asbestos, mold, etc. These claims typically involve failure to disclose by an owner which is imputed upon their agent.

Coverage Features:

  • Coverage for Independent Contractors: Provides additional coverage for independent contractors.
  • Lock Box: Covers property damage resulting from a compromised lock box.
  • Pollution Coverage: Offers protection against environmental hazards.
  • Discrimination Coverage: Protects against allegations of discrimination.
  • Personal Injury Coverage: Offers libel/slander protection for providing services, particularly as they relate to web content.
  • Punitive Damages: Covered in the event additional damages are awarded.
  • Automatic Coverage for Acquired Subsidiaries: Alleviates the administrative burden of having to submit small acquisitions for coverage approval.
  • Duty to Defend Contract: Offers carrier's litigation management expertise to eliminate the burden of managing the claim.
  • Automatic Sixty-Day Post Reporting Period: Allows adequate time to report claims to the carrier.
  • Multi-Year Extended Reporting Period Options: Offers reporting protection beyond the traditional 12 months.
  • Worldwide Coverage: Ensures you are protected when doing business around the world.
  • Common Ownership: Offers coverage for sale of residential property developed or constructed by an affiliated firm.
  • Real Estate Equity Interest: Offers coverage for sale of all owned residential property.
  • Ownership Coverage: Provides property management coverage for owned property up to 100%.
  • Subpoena Compliance Coverage: Provides coverage in the event an insured receives a subpoena without being party to the litigation.
  • Administrative Proceeding Coverage: Provides defense for administrative proceedings or investigations of professional misconduct.
  • Deductible Credit for Mediated Claims: Deductible obligation is reduced if a claim is resolved as a result of mediation.
  • E-professional Services Coverage: Provides coverage for claims resulting from covered professional services performed via the internet.
  • Confidentiality Coverage: Liability coverage in the event of a breach of your clients' private information.
  • Witness and Attendance Expenses Coverage: Reimbursement for expenses incurred by an insured at our request for cooperation in the defense of a claim.
  • Toll-Free Risk Management Hotline: Offers two free hours annually of risk management advice, including contract review.
  • Definition of Claim: Any written demand triggers coverage, putting counsel in place early in a dispute.

PLEASE REVIEW ALL POLICY FORMS AND ENDORSEMENTS AS LIMITS, COVERAGES AND PREMIUMS WILL VARY BY CARRIER.

Need a quote? We'll get it to you fast!

Check out our website or give us a call for an application today!