Stamford, Connecticut–(business wire)–GenStar’s Delegated Programs Unit announced the launch of its Real Estate Professional E&O Program with RPS Signature Programs, the program management division of specialty insurance agency Risk Placement Services.
Marty Hacala, President and CEO of GenStar, commented:GenStar has been in the insurance business for real estate companies for the past 20 years. Our long-standing track record in this class of business has enabled us to provide a wide range of services, including our services as a real estate agent/broker, property manager, auctioneer, short-term escrow agent, and real estate consultant. demonstrates our commitment to supporting the insurance needs of ”
Adrienne Woodhull, RPS Area President, said:Building on the success of the E&O Appraiser program we launched earlier this year, we are pleased to expand our relationship with GenStar through this new E&O program. ”
Real estate professional E&O coverage includes:
Limited to $2 million
Accidental Personal Injury and Property Damage Coverage
Failure to Disclose Pollution/Environmental Hazards Subject to Open House and Policy Restrictions, Fair Housing Compensation
Free extended reporting period may be available
defensive costs outside the scope of available liability
Compensation for antecedent acts with evidence of continuing compensation
Free Risk Management Assistance Hotline for All Insured Persons
Broad definition of professional real estate business: real estate agent/broker, property manager, auctioneer, short-term escrow agent, and real estate consultant
This program is available in the District of Columbia and all states except AK, LA, NY and WV. The District of Columbia and all eligible states are written on an approved basis, except California, which is offered on a non-approved basis.
GenStar senior vice president and mandate manager Matt Brown said:We are delighted to be building our real estate professional business with RPS. Both organizations have expertise in this business area. GenStar believes in providing competitive solutions that provide real estate professionals with a wide range of insurance protection. ”
Genstar Insurance Services, LLC. (CA Producer License # 0B14266) is a premier provider of excess, surplus and specialty property and casualty insurance, operating exclusively through a select group of wholesale brokers. Like GenStar, General Star National Company and General Star Indemnity Company are wholly owned subsidiaries of General Reinsurance Corporation, a member of the Berkshire Hathaway Family of Companies.
General Star National Insurance Company is licensed in all states, the District of Columbia, and Puerto Rico. General Star National Insurance Company has its principal place of business in Stamford, Connecticut and operates under NAIC number 0031-11967. General Star Indemnity Company is an eligible surplus insurance company in all states, the District of Columbia, Puerto Rico and the Virgin Islands. It is an unlicensed insurance company in California and operates under NAIC number 0031-37362. General Star’s products are insured by licensed producers and eligible risks are insured by licensed surplus line brokers.
About the RPS signing program:
RPS Signature Programs manages a variety of specialty programs on behalf of highly respected carriers and offers unique insurance solutions in niche markets. Headquartered in Rolling Meadows, Illinois, RPS Signature Programs is a division of Risk Placement Services, one of the largest specialty insurance distributors in the United States. Follow RPS on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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