General Star Management Co. has made its admitted professional liability coverage for real estate agents available in California. Underwritten by General Star’s Professional E&O Division, the new offering is provided by General Star National Insurance Co.
General Star also upgraded the admitted policy with new coverage features designed especially for a real estate agent’s area of practice. Applicants eligible for the “EASY” program can access the new admitted product via a web-based application option. The traditional submission process remains available, too – the choice is up to the applicant or its agent.
As part of the announcement, General Star also increased EASY Program eligibility from $100,000 in gross revenue to $200,000.
The customized protection offers over a dozen enhancements at no additional cost, including open house coverage, reputation protection expense, regulatory board investigation/defense, subpoena assistance, third party notification/electronic info damages, fair housing discrimination coverage, failure to disclose certain substances (asbestos, fungus/mold and lead), lockbox coverage and owned property coverage.
Marsh U.S. Consumer, a service of Seabury & Smith, Inc., is the exclusive program administrator for General Star’s real estate agents & brokers and real estate appraisers programs.
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