OneBeacon Professional Launches Realtors Liability Insurance Product

January 30, 2009

Canton, Mass.-based OneBeacon Professional Partners has unveiled a new professional liability insurance product for real estate professionals.

The Realtors Errors and Omissions product includes a broad definition of covered professional services; a definition of insured that includes independent contractors and franchise grantors; defense costs paid in addition to the limits of liability; no hammer clause; personal injury provision; punitive damages coverage (where insurable by law); and much more.

Risk management services are another key feature of this powerful solution. "Qualified customers can take advantage of telephone, fax or email consultations, as well as on-site risk assessments and education services," said Karen Chambers, product leader for Realtors Errors and Omissions and assistant vice president of professional liability for OneBeacon Professional Partners.

The new product also offers cross-selling opportunities between OneBeacon Professional Partners and other areas of the OneBeacon franchise. For example, OneBeacon Small Business targets realtors for property and general liability coverage through the OnePac package product for small businesses.

Source: OneBeacon Professional Partners
www.onebeacon.com