One service SSIS offers is Lawyers Professional Liability for attorneys who handle real estate transactions. Many other companies exclude this coverage if the practice only handles a certain percentage of real estate-related services.
“Often, in the marketplace, underwriters are not attracted to this group because the traditional claim history is an up and down market related to real estate. Most insurance markets won’t take them under their professional liability policies if 50 percent or more of their revenue comes from real estate-related services,” Carpentier says. “We put together a program that covers these attorneys and all the real estate services they offer.”
According to Carpentier, the “one-size-fits-all” mentality is not one to have when shopping for an insurance contract. Purchasing insurance is a risk management process that should be examined on the individual risks of the situation and by spending time reviewing insurance needs in detail.
That’s why Carpentier urges all real estate agents, lenders, builders—and all of Stewart’s independent title agents and attorney agents—to ensure they have the necessary insurance coverage.
“We look to create an insurance resource for all things in real estate—whether you are a customer buying a home or a business involved in the real estate industry,” Carpentier says. “There are still a lot of situations where people or businesses are underserved, and we look to provide risk management services for those involved in the real estate industry.”
Let’s face it, everyone wants to save on their insurance premiums and get coverage as quickly as possible, but by overlooking important details in your policy, big problems can arise in the future. That’s why now is the time to contact SSIS to get the best coverage for you and your customers.
For more information, visit http://www.stewart.com/en/stewart-companies/stewart-specialty-insurance-services.html.