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planetRE Announces E&O Insurance Discount for Real Estate Brokers

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RISMEDIA, Oct. 8, 2007-planetRE, a leading provider of transaction management platform to national real estate brokers, has announced a special program working with E-Risk Services and CAL Insurance for Real Estate Agents and Brokers Omissions. In recognition of qualified brokers who are licensing the planetRE ComplianceTM platform, and the reduced risk provided by its unique auditing and risk management features for Real Estate Agents, there will be a discount of 10% off the premium and/or reduction of the standard deductibles.

According to the company, the coverage for brokers will include key benefits like broad definition of Professional Services; ability to add multiple services (e.g. real estate agent, property manager, title agent etc.); coverage for both residential and commercial properties; automatic coverage for independent contractors; M&A clause and several others. Coverage is available in all 50 states. The insurance will be underwritten by reputed national insurance companies with top ratings.

“This is a phenomenal deal for brokers of all sizes nationwide,” said Subrao Shenoy, CEO of planetRE. “Over past 2 years, planetRE lead the industry with innovative compliance, risk management and auditing functions for large brokers. Now in addition to using industry’s most powerful Web 2.0 platform that integrates MLS, transaction and financial management with one seamless access; brokers will also benefit from real dollar savings with E&O insurance premiums and deductibles.”

“We are excited about partnering with planetRE to offer a comprehensive errors and omissions product for real estate agents and brokers”, said Neil Kransdorf , senior vice president of E-Risk Services which manages the underwriting process.

“CAL Insurance is proud to partner with planetRE and E-Risk Services to bring a product to Real Estate Agents and Brokers that is cost effective and will reduce their potential exposures to Errors and Omissions claims” said Scott Hauge, president of CAL Insurance.”

Risk management is what insurance is all about and planetRE provides a service that reduces risk and thus the cost of Real Estate Broker and Agents’ Errors and Omissions”.

For more information, visit www.planetre.com.

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