Errors and Omissions Insurance Program
Real Estate Errors and Omissions Insurance Program
Pearl Insurance is the WRA-endorsed carrier for Errors and Omissions (E&O) Insurance. Underwritten by the A-rated (by A.M. Best) XL Group, the Pearl Insurance E&O program has earned sponsorships from over 40 national, state and local real estate associations, including the Wisconsin REALTORS® Association, since 1994.
The program is specially designed for the real estate industry and the risks REALTORS® face. Pearl Insurance recently enhanced their policy to include even more valuable protection for real estate professionals, such as coverage for network and privacy claims, not-for-profit directors and officers coverage, open house property damage coverage to full policy limits, and agent-owned property transaction coverage with no waiting period. Pearl also continues to offer coverage for personal injury, lockbox liability to full policy limits, environmental failure to advise to full policy limits, and automatic fair housing discrimination coverage.
Because Pearl Insurance understands the busy lives of REALTORS®, they have designed the “Click. Quote. Buy.” process for E&O shopping. It’s easy for you to log in, obtain a quick E&O quote – and, if qualified, even buy your policy – immediately at www.pearlinsurance.com/quote.
As a Pearl Insurance E&O insured, you’ll receive valuable risk management tools and services to help educate you on effectively minimizing your legal liability. In addition, you’ll gain access to Pearl’s entire online library of monthly risk managers and receive our quarterly e-newsletters.
For more information, please contact Pearl Insurance at (800) 289-8170 or visit them at www.pearlinsurance.com/wra. Additional features of Pearl E&O coverage include:
- Your right to consent before settlement
- 50% deductible reduction for claims resolved within 12 months
- Prior acts coverage to qualified applicants
- $250,000 Fair Housing Discrimination coverage includes defense and damages (up to $1,000,000 available)
- Claims rising out of regulatory complaints (Increased Limits of $15,000, with a $30,000 aggregate)
- Subpoena Assistance (to $30,000 per policy period)
Save Money – Fulfill Your Liability Needs for Less
Pearl’s E&O Insurance rating structure allows substantial discounts based on size of firm, number of sales associates holding professional designations including GRI, CRS, CRB, Broker or Associate Broker, participation in a Home Warranty Plan and more!
Save Time – No Monthly Paperwork
Because the premium rates are not figured per transaction, Pearl Insurance requires no monthly paperwork or reporting, which means more free time for real estate professionals and staff to concentrate on doing business instead of completing insurance forms.
Learn all the benefits of Pearl’s solid E&O coverage. To request a free E&O brochure, application, or personalized premium estimate, call (800) 289-8170, or visit www.pearlinsurance.com/wra!
Underwritten by:
Greenwich Insurance Company
Indian Harbor Insurance Company
(Coverages not available in all jurisdictions.)