360 Coverage Pros to Bring Affordable Click and Bind E&O Insurance to Real Estate Industry

LAKEWOOD RANCH, Fla., March 1, 2018 /PRNewswire-PRWeb/ -- 360 Coverage Pros announced today the launch of a new E&O Insurance Program for real estate agents, brokers and firms that offers a modernized E&O insurance buying experience for real estate professionals in the U.S.

Despite technology reshaping nearly every facet of the real estate industry, the process of securing Errors and Omissions (E&O) insurance has remained an antiquated process: agents and brokers request quotes, fill out lengthy paper applications, and wait days or weeks to receive a premium proposal before binding coverage.

This is set to change with the new 360 Coverage Pros "click and bind" Real Estate E&O Insurance Program. Real estate professionals can now put affordable E&O coverage in place in just minutes, not days, allowing them to focus on what matters most – running their businesses.

"There is no shortage of E&O insurance solutions for real estate agents and brokers," says Jason Rogers, head of Business Development for 360 Coverage Pros. "The challenge agents and brokers have faced in the past is the time-consuming process of searching for the best coverage and price only to struggle with a cumbersome quoting and paper application process. Using our online technology, real estate professionals can now easily select their coverage, complete an application and have proof of insurance in literally minutes."

The program offers agents and brokers up to $1 million in protection with lower limits starting as low as $29.08 a month with a down payment of $85.37. Coverage options are available for firms, independent agents and brokers, as well as agents and brokers operating under a franchise agreement.

"Our rates are more competitive because we have leveraged group purchasing power with our carrier and also applied a slot underwritten approach with preferred risk eligibility questions," says Rogers. "As a result, responsible real estate professionals can purchase the coverage they need at a price they can afford in less time than ever before."

The 360 Coverage Pros Real Estate E&O Program is backed by the strength of underwriter Liberty Specialty Markets, rated A (excellent) XV ($2 billion or greater) by A.M. Best. Liberty Specialty Markets is a subsidiary firm of Liberty Mutual Insurance Company of Boston, Massachusetts.

360 Coverage Pros is administered by Gallagher, a global insurance brokerage, risk management and consulting services firm. Founded in 1927, Gallagher has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

To learn more about the 360 Coverage Pros Real Estate E&O program, please visit https://www.360coveragepros.com/real-estate-agent-and-broker/errors-and-omissions-eando-insurance

SOURCE 360 Coverage Pros