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Reducing Professional Liability Claims: 8 Tips
Posted on: November 13, 2015 by
Working professionals of all kinds are constantly exposed to liability risks. While employers do their best to reduce claims as a result of any violations, these claims are inevitable. As such, an Insurance Agent Professional Liability Program can provide a safety cushion for insurance employers of all types. Here are some tips in order to reduce […] Read More
Posted in: blog Professional Liability
Exploring Different Types of Surety Bonds
Posted on: November 11, 2015 by
Surety bonds are necessary components for construction project completion. While Surety Bonds are typically offered through insurance companies, they differ from typical insurance products. Let us take a closer look at the four types of surety bonds and the function of each. Gen Re defines a surety bond as a three-party contract comprised of the […] Read More
Posted in: blog Surety Bonds
Breaking Down Commercial Umbrella Insurance
Posted on: November 9, 2015 by
What You Need to Know A Real Estate Industry Umbrella Policy can provide extra protection in addition to general liability coverage. This coverage seeks to supply extra coverage over the primary liability insurance in the event the initial policy is exhausted, protects against uncovered losses, and provides coverage if the primary policy specifically excludes certain […] Read More
Posted in: blog Real Estate Liability
Realtor’s Need for Commercial Auto Insurance
Posted on: November 4, 2015 by
A variety of businesses require driving and commuting, whether it’s carrying passengers, deliveries, or otherwise. While personal auto insurance should be carried, this coverage does not cover business operations. Instead, a Real Estate Business Auto Policy can provide the necessary protections for your needs. Imagine, for example, you are transporting a client to a property […] Read More
Posted in: blog Business Auto Policy
Protecting your Operations: Essential Coverages
Posted on: October 30, 2015 by
As most owners and operators are aware, running a business comes with inherent risks. Depending on the type of business, risk exposures can vary greatly. However, in order to protect your operations, regardless of the nature of the company, the following components are essential to include in your Business Insurance Program. Workers’ Compensation- As this […] Read More
Posted in: BOP Business Insurance
Necessary Coverages for Real Estate Agents
Posted on: October 28, 2015 by
In our last post, we discussed the Need for Real Estate Fraud Insurance and other liability concerns for real estate agents. While this coverage is essential for protection against fraudulent activity, there are a variety of other coverages that should be carried at all times to ensure proper protection. Therefore, a comprehensive Business Insurance for […] Read More
Posted in: blog Business Insurance Real Estate
What a Robust Real Estate BOP Needs
Posted on: October 27, 2015 by
As most owners are aware, operating a real estate business comes with inherent risks. To protect against an assortment of potential liabilities, a Real Estate Business Package Policy can help to provide a safety cushion and protect against litigation, loss of business, lost revenue, and more. A Business Owners Package (BOP) includes various broad coverages […] Read More
Posted in: blog BOP Real Estate
Exploring the Need for Real Estate Fraud Insurance
Posted on: October 19, 2015 by
Unfortunately, due to past real estate schemes, today’s agents are more vulnerable to accusations of fraud. Such schemes include loan sharking, identity fraud, etc. As these scenarios can devastate individuals and businesses alike, it is important to maintain Real Estate Crime and Fidelity Insurance to protect the company from loss and litigation. As federal investigators […] Read More
Posted in: blog Real Estate Liability
The Types of Claims Real Estate Agents Face
And How to Limit Liability Real estate agents face a variety of risks during their interactions with clients. The most common types of claims can be combated with Errors and Omissions Insurance for Real Estate Professionals. As the common claims are evaluated, consider your own firm’s protection. Misrepresentation- These are one of the most common […] Read More
Posted in: blog Real Estate E&O
What E&O Risks do Real Estate Professionals Commonly Face?
NewMark is a leading insurance agency for Real Estate Liability Insurance Based in Austin and we service clients nationwide. While the real estate agents we serve are faced with a variety of risks, the following errors and omissions issues are the most common. Misrepresentation- Failure to disclose information regarding a property accounts for the majority […] Read More
Posted in: blog Real Estate E&O
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