Whether you explicitly perform Property Management services, or you provide property management services as part of a transaction, there are significant exposures to E&O claims resulting from bodily injury or Continue Reading
Digital Property Replacement is a subset of the Breach Rectification coverage of the cyber liability policy that PBI Group recommends. This section covers the replacement of software, data and hardware which has Continue Reading
Here is a recent situation which unfortunately impacted one of our clients and worth sharing in the hope that increased awareness will limit the chance of this happening again. This situation is a twist on the Continue Reading
BI/PD stands for Bodily Injury and Property Damage. Most Real Estate E&O policies include some measure of BI/PD coverage, such as limited lockbox coverage or open house coverage, but the broadest E&O Continue Reading
What should you do if a convicted sex offender, out of jail for 10 years, applies to rent one of your listings? Ask the owner of the property?… but what if he/she does not give you a clear decision To Rent or Not to Continue Reading
Construction/Development coverage extends the E&O policy to provide coverage for the sale of residential property that has been built or developed by an insured agent or broker. The practice of building spec Continue Reading
There really is no such thing as a “Hammer Clause”, but that is the common term for the Consent to Settle Clause in your E&O policy. The Consent to Settle clause dictates what the insurance company will do when Continue Reading
One of the options you have when buying E&O insurance is Defense Outside the Limit (DOL) or Defense Within the Limit (DWL). It is important to understand this option clearly because this will impact coverage Continue Reading
If so, you may be in a situation where your policy does not provide coverage due to an unsupported software application running on your computers. All software eventually reaches a point where it is no longer Continue Reading
If your systems are down due to a Ransomware attack, Business Interruption coverage can help by protecting your agency from loss of your income and additional expense when the Insured Computer System sustains a Continue Reading
You may have seen the news this weekend. Criminal hackers have released a powerful strain of ransomware that spreads itself automatically across all computers in a network, causing a global epidemic. If you are not Continue Reading
Does your E&O policy have a deductible waiver? It should if the following conditions are met: Seller disclosure form signed by Seller & acknowledged in writing by Buyer prior to closing(if required by your Continue Reading
I, < Agent> will never request or forward alone someone else’s request * to my Client, via any form of electronic communication including email, text message or voice mail asking to transfer any funds. Continue Reading
Let’s first define the difference: Funds Transfer 1st Party coverage for Cyber Liability protects the Insured aka the real estate firm who holds the insurance policy from a loss of their own assets. A popular Continue Reading
A real estate team hires a freelance graphic designer to create a series of new logos for the official launch of their newly branded team. The graphic designer created more than a dozen options to choose from and Continue Reading
A Data Breach Coach is a leader, often a person at a law firm, who is your main point of contact once a breach is suspected. He or she is available through a feature in your Cyber Liability policy via a 24-hour Continue Reading
