Big "I" News

Did you know that Travelers was the first company to offer error and omissions liability protection to real estate agents and brokers and has done so consistently since 1956?

Travelers First Choice for Real Estate Professionals provides professional liability protection for claims or suits resulting from real estate agent or broker professional services. Coverage is available on admitted paper in all states with the exception of CA, HI and LA. A specimen policy form is available for review by accessing the Product Resources page in Big “I” Markets. Policy features include:

• Bodily injury and property damage resulting from a covered professional service(s)
• Disciplinary proceeding defense expenses reimbursement up to $25,000
• Increased liability limits available for those who qualify
• Defense expenses related to covered claims in additional to the limits of coverage
• Deductible applicable to defense expenses, unless endorsed or not allowed by state
• Option to provide prior acts coverage without a retroactive date limitation, for those who qualify
• Many extended reporting period options, including an unlimited time period endorsement option
• No exclusion for fair-housing discrimination committed in real estate professional services as a real estate agent or broker
• No exclusion for losses resulting from a real estate agent or broker failing to advise a buyer or seller that pollution, fungi and bacteria exists on a property
• No sub-limits for certain types of claims
• Automatic coverage for employees and independent contractors of the insured as protected persons for claims resulting from professional services they perform for the named insured