Product Advantages$250,000 discrimination coverage automatically included$2,500 per insured / $5,000 aggregate for insured's defense resulting from an investigation or a proceeding before s state licensing board, or governmental regulatory body$50,000 lock box coverage automatically includedOptional environmental pollutants coverageFull prior acts coverageDefense outside the limitsDuty to defendInternet coverage providedEligibility CriteriaFirms that derive at least 65% on income from residential real estate salesUp to 50 agents or brokers and up to $5,000,000 in commission incomePrinciple / Partner having been licensed for five years or broker for 2 yearsNo more than 2 E&O claims in the past 5 yearsFirms that derive less than 10% of commission income from the sale of homes built by them or a related construction or development companyApplicants that derive income from property management activitiesIneligible RisksMore than 35% of commission derived from commercial salesmore than 10% of commission derived from one builder / developer or one location / development or the sales of personally owned propertiesFirms specializing in the sale of properties with average values that exceed $600,000Disciplinary actions against the principle of the firm that resulted in his / her license being suspended or revokedApplicants in AL, AK, CA, CO, HI, ID, IA, KY, LA, MI, NE, NM, SD, TN, TX, WVAvailable LimitsGeneral Liability up to $1,000,000 per occurrence and $2,000,000 aggregateErrors & Ommissions up to $5,000,000Additional limits up to $5,000,000 per occurrence via a commercial umbrellaSubmission RequirementsOur completed application signed by the insured to bind coverage - Florida onlyOur completed application signed by the insured to bind coverage - All Other StatesRepresentation of losses for the past three years or for as long as applicant has been in business if less than 3 years
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E-mail: service@braishfield.com
