General Star Management Company announced the availability of admitted professional liability coverage for real estate agents in California.
According to a release, underwritten by General Star's Professional E&O Division, the new offering is provided by General Star National Insurance Company, which is rated A++ (Superior) by A.M. Best Company and carries an AA+ Insurance Financial Strength Rating from Standard & Poor's Corp.
"We are delighted to provide California real estate agents with an admitted product. We also took this opportunity to upgrade the policy with new coverage features designed especially for their area of practice," said Thomas Gersch, VP and Professional E&O Manager for General Star. "Applicants eligible for our "EASY" Program can quickly access the new admitted product via a web-based application option. The traditional submission process remains available, too - the choice is up to the applicant or its agent."
As part of the announcement, General Star also increased EASY Program eligibility from $100,000 in gross revenue to $200,000.
Robert Jones, President and CEO of General Star, added: "General Star is pleased to combine the security of an admitted product with customized coverage enhancements for California real estate agent professionals. We have served the professional E&O market for over a decade, and it remains important for us to deliver the right protection for today's risks - with the ease of use of our customers in mind."
General Star National is licensed in the District of Columbia, Puerto Rico and all states except Connecticut, where it is an eligible surplus lines insurer.
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