Wholesale brokerage introduces real estate policy
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Wholesale brokerage Executive Perils Inc. is introducing a policy designed for the real estate industry intended to meet the needs of diverse real estate companies in one policy.
“RE360 is the first policy designed specifically and solely for the real estate industry,” the Los Angeles-based company said in a statement.
RE360, with capacity provided by Jersey City, New Jersey-based Arch Insurance Group Inc., offers up to $25 million in limits.
One policy can include directors & officers liability; employment practices liability, including tenant and client discrimination; fiduciary liability; cyber; and malpractice/errors & omissions coverage for real estate sales, escrow, construction management, mortgage and property managers, lockbox coverage, property developers, title agents, auctioneers, leasing agents and appraisers malpractice.
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