Colonial General Insurance Agency, Inc. offers a specialized Title Agent Insurance program designed to protect Title and Escrow Agents from the financial impact of professional liability exposures. This Professional Liability Errors and Omissions (E&O) coverage is structured to help safeguard your clients against claims resulting from errors or omissions in the course of providing title services. Whether the claim arises from an alleged failure to disclose information or a mistake in processing documentation, this program provides essential protection for your insureds and peace of mind for your agency.
Ideal Accounts and Appetite
This program is ideal for independent Title Agents, Escrow Officers, and small to mid-sized agencies focused on real estate closings, title searches, and escrow services. If you have clients who are involved in issuing title insurance policies or facilitating real estate transactions, this market can be a great fit. Colonial General works with a range of carriers to help find suitable coverage for both standard and hard-to-place risks.
Example accounts that fit well include:
- A small title agency in New Mexico handling residential and occasional commercial closings.
- An escrow firm in Arizona that contracts with real estate professionals and lenders.
Coverage Highlights and Advantages
The E&O program offers flexible limits starting at $100,000 and $300,000, with deductibles as low as $1,000. Coverage includes both defense and indemnity for covered claims, even if the allegations are groundless. This is particularly important in the highly detailed and time-sensitive world of title services, where even minor oversights can lead to costly legal disputes.
Key features include:
- Defense and settlement costs covered for professional liability claims.
- Coverage tailored to Title and Escrow professionals.
- Competitive minimum deductible options.
- Access to multiple carriers for flexible underwriting solutions.
*Coverage terms and premium will vary based on the carrier that the risk is placed with.
Underwriting Notes and Minimum Premiums
Colonial General evaluates each submission based on the size of the agency, scope of services, claims history, and jurisdiction. While premiums vary depending on the risk profile and market, the agency works to provide competitive pricing and responsive underwriting support. Deductibles and limits can be customized to meet your clients’ needs.
Territories and Availability
This Title Agent Insurance program is available to agents and brokers placing business in the following states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Admitted markets are available in some territories, and Colonial General also has access to non-admitted solutions when needed.
Why Work With Colonial General Insurance Agency, Inc.?
As a Managing General Agency and Excess & Surplus Lines Broker, Colonial General brings deep expertise in niche professional liability placements. Their strong carrier relationships and regional focus allow them to offer tailored solutions for Title and Escrow professionals in the Western U.S. With fast turnaround times, responsive service, and underwriting flexibility, Colonial General is a trusted partner for agents and brokers seeking reliable E&O coverage options for title-related businesses.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Independent Title Agents, Escrow Officers, and small to mid-sized agencies that specialize in real estate transactions are ideal candidates for this coverage.
Is this program available in admitted markets?
Yes, admitted markets are available in some states, but the program also offers access to non-admitted carriers depending on the risk and location.
What limits and deductibles are available?
Limits start at $100,000 and $300,000, with deductibles as low as $1,000. Higher limits and customized deductibles may also be available based on underwriting.
Which states does this program cover?
The program is available in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming.
Does the policy cover defense costs for groundless claims?
Yes, the policy includes coverage for the defense and settlement of covered claims, even if the allegations are groundless.
Need help placing an account? Connect with a market specialist.