New Empire Group has launched a new excess liability program for real estate as part of their Prime Umbrella Program Portfolio. The program offers low minimum premiums and will provide limits of coverage from $5 million to $25 million. Higher limits of up to $100 million are available.
Qualifying classes of business include, condominium associations, apartment buildings, cooperatives, homeowners associations, office buildings, commercial buildings (LRO) and other commercial real estate classes. The program is admitted in all 50 states. Individual policies for each insured will be issued.
New Empire Group, Ltd. based in Long Beach, N.Y. is a national program manager offering specialty insurance products to the real estate industry. Other programs administered in addition to their umbrella/excess programs are: CondoPak, (Condominiums), SmartPro E&O for Property Managers, Recover – Site Pollution, and CyberSential.