Colonial General Insurance Agency is now offering Real Estate Errors and Omission Liability designed for small to mid-size firms engaged in one or more of the following classes of business:

• Residential Sales

• Commercial Sales

• Real Estate Leasing

• Property Management (Third-Party)

Coverage is available for firms with incidental exposures in real estate consulting/counseling, real estate auctioneering, mortgage brokerage, business opportunities brokerage, and short-term escrow.

Policy features for real-estate agent errors and omission include:

• 50% deductible reduction for claims settled by alternative dispute resolution

• Claims-made and reported coverage form

• Coverage for newly acquired entities and predecessor firms

• Coverage for the sale of agent owned property

• Death and disability extended period for a sole proprietor

• Defendant reimbursement benefits

• Defense coverage for disciplinary proceedings

• Defense in addition to the limits of liability

• Discrimination defense coverage included - $100,000 limit (additional options available)

• Environmental Hazards coverage available up to full policy limits

• First dollar defense coverage available

• Innocent insured coverage

• Lockbox/keyless entry claims coverage - $50,000 limit

• Low minimum premium, admitted preferred carrier

• Multiple extended reporting periods including a 1, 3, 5 and unlimited period option

• Prior acts coverage available

• Retiree extended reporting period available for qualifying sole proprietors

• Limits of Liability start at $100K and $100K with deductibles as low as $2,500. Claims Expense outside the Limits can be offered at carrier discretion. Min premiums start as low as $750.00

*Coverage’s and premium will vary based on the carrier that the risk is placed with.