Professional Liability for Real Estate Services
Tailored coverage for protecting real estate businesses from their unique risks
Expertise
Our team of specialized underwriters excels in handling complex, tough-to-place accounts. Each team member brings deep knowledge to their specific business, from E&O for professionals to management liability and more. We pride ourselves on providing creative solutions and knowledgeable advice as true experts who can navigate liability challenges.
Stability
This is a cornerstone of our business, reinforced by the financial strength and industry reputation of Munich Re. Our industry-leading capacity and more than five-year market presence underscores a commitment to long-term market reliability. This stability gives brokers confidence in our ability to provide sustained, dependable solutions.
Partnership
Positioning ourselves as “trusted advisors,” we offer honest, unbiased guidance that goes beyond simple transactional interactions. This partnership model is built on transparency, expertise, and a genuine desire to partner with brokers for continued success in a challenging market.
Our capabilities and more
Target classes
Brokers
Agents
Property managers
Developers
Appraisers
Real estate consultants
Escrow agents
Asset managers
Coverage details
- Up to $5,000,000 in limits
- $7,500 minimum premium
- $15,000 minimum retention
- Primary and excess
- Duty to defend
- Tailored definition of real estate services:
- Real estate services
- Property management
- Real estate development
- Includes optional real-estate specific coverages:
- Third-party discrimination
- Contingent bodily injury and property damage
- Pollutant disclosure
- Fair housing violation
- Lock box liability
- Open house liability
- Crisis management
- Broad definition of Insured to include independent contractors, subsidiaries, joint ventures, franchisors, and special purpose entities
- Expanded definition of claim to include mediation, arbitration, and alternative dispute resolution proceedings
- Improved hammer clause
- Contractual Liability Exclusion has a carveback for professional services
- Most Favorable Jurisdiction wording is built in
- Supplementary payments for:
- Defense for disciplinary proceedings
- Subpoena expenses
- Loss of earnings
- Punitive damages where insurable by law
- Automatic coverage for subsidiaries
- Innocent Insured coverage for alleged fraud and discrimination acts and defense provided for such claims through judgment or final adjudication
- Defense and Settlement 80%/20%
- Automatic Acquisition Threshold 20%
Success stories
A broker submitted a commercial real estate firm Professional Liability coverage request. The existing carrier would not renew the account due to the insured’s claims activity; specifically, a large loss had been sustained within the last five years. Expiring terms also included a “must match” coverage enhancement endorsement. The broker, broker’s retailer, and the underwriter worked together to discuss the claims details with the insured’s counsel, including actions the insured took in response to the large claim that would help avoid or mitigate similar occurrences in the future.
The result: A Munich Re Specialty carrier bound a $1,000,000 limit with a $75,000 deductible and matched the expired coverage enhancement endorsement. The broker reported that the client was very happy with the outcome and there would be more business to follow.
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