Rolling Meadows, IL., March 28, 2022 – RPS Signature Programs, the program administration division of specialty insurance distributor Risk Placement Services, launches a new Real Estate Appraisers Errors & Omissions (E&O) program with General Star National Insurance Company.
Available to quote-bind-issue online in just two minutes through RPS’s Small Business Platform, this new offering provides E&O coverage for individual residential and commercial real estate appraisers. It is designed to protect against claims arising out of an act, error or omission that results in failure to render professional services for clients.
“At RPS Signature Programs, we are specialists in E&O and professional liability insurance coverages,” said Adrienne Woodhull, Area President. “We are pleased to extend this deep expertise to Real Estate appraisers, as this new program gives niche professionals the confidence that their unique E&O exposures are covered should a claim occur.”
“Combining the tremendous security and Real Estate E&O expertise of GenStar with the experience of RPS, enhances the strength of both organizations. We are excited to move forward with this new program arrangement,” said Matt Brown, Senior Vice President/ Delegated Division Manager for GenStar.
In commenting further about the new Real Estate E&O program, Martin Hacala, President and CEO of GenStar, stated, “GenStar continues to respond to the marketplace with unique protection for real estate risks. GenStar is fortunate to team up with RPS to deliver the specialized protection needed by real estate professionals.”
Highlights of the Real Estate Appraisers E&O program include:
- Zero deductible
- Broad definition of Professional Service (includes incidental services such as a notary public, member of a formal accreditation committee, standards review committee or similar board or committee)
- Free extended reporting period for death, disability, or retirement
- Defense costs outside the limits of liability
- Prior Acts coverage with proof of continuous coverage
- Free risk management assistance hotline for all insureds
The Real Estate E&O program offers limits up to $1 million each claim to $2 million aggregate and is available on an admitted basis in all states except in AL, LA, NY, and WV.
About RPS Signature Programs
RPS Signature Programs manages a variety of specialized programs on behalf of highly-rated carriers, offering proprietary insurance solutions in niche markets. Headquartered in Rolling Meadows, Illinois, RPS Signature Programs is a division of Risk Placement Services, one of the nation’s largest specialty insurance product distributors.
About General Star
General Star National Insurance Company is a wholly owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway Family of Companies. General Star National Insurance Company is licensed in the District of Columbia, Puerto Rico and all states. General Star National Insurance Company has its principal place of business in Stamford, CT and operates under NAIC Number 0031-11967. Insurance is placed with General Star National Insurance Company
General Star National Insurance Company is rated A++ (Superior) by A.M. Best Company and carries an AA+ Insurance Financial Strength Rating from Standard & Poor’s Corporation. It conducts business exclusively through a select group of program administrators and wholesale brokers.
General Star Management, LLC
California License # 0B14266
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