Developers E&O

For retail agents only
 

Availability: In all 50 states and D.C.

Coverage: E&S with an A rated carrier

Minimum premium: $10,000

Limits: Up to $5 million  

Target risks:

• Firms providing development, leasing, sales or acquisition services including on fully or partially owned properties
• Firms providing traditional real estate brokerage services that also provide design and/or construction management services for others
• Firms that perform property management and/or leasing services as well as design and/or construction management services on owned properties
• Firms that perform property management and/or leasing services as well as design and/or construction management services on behalf of others
• Firms providing real estate services that also develop properties by hiring the design and/or construction teams as subcontractors
• Firms providing real estate services that hire the design and/or construction teams and provide professional services for others

Download the Developers E&O appetite guide 
 

Why choose Victor?

• As longtime underwriters of real estate, design and construction risks, we understand the nuances of real estate development better than anyone
• Dedicated policy for real estate development risks
• Coverage for property damage, bodily injury, pollution, third party discrimination and personal/advertising liability
• Supplemental coverage for pre-claims assistance, mold, disciplinary proceedings, FHA/ADA/OSHA violations and subpeona assistance
• Stand-alone solutions for builders risk, real estate E&O, A&E professional liability and cyber liability

Download the Developers E&O coverage highlights sheet

You should report not only claims, but incidents as well. An incident is any situation in which you are concerned that a claim may occur. 

For your convenience in submitting a claim, you can use our E&O Claim Form. Please send claim information to realestateclaims.us@victorinsurance.com.  

Here's how to ensure the fastest possible response to your incident or claim:

1. Report your incident or claim as soon as possible by writing the CNA Insurance Companies in care of:
   
   Victor Insurance Managers LLC
   7700 Wisconsin Ave., Suite 400
   Bethesda, MD 20814
   
   
2. With respect to claims, all principals and staff members involved in the claim should be prepared to document the circumstances surrounding the allegation. Your written report should include the following:
   
   - Your firm's name and address
   - Your policy number
   - Date, time and location of the situation
   - Brief narrative description of the allegation against you
   - Name of person or entity making the claim
   - Amount of demand, if known
   - Any lawsuit papers or legal proceedings
   - Any other pertinent documents or correspondence, including newspaper accounts
   
   
3. If the claim or incident involves a traumatic situation, take photographs of the claim site if possible. Amateur photos taken promptly are more valuable than professional photos taken at a later date.
   
   
4. Consult your local claims specialist before you agree to attend any conferences arranged for the specific purpose of discussing the situation.
   
   
5. Do not sign or accept release from any parties without first obtaining approval from your claims specialist. 
   
   
6. Keep all pertinent letters of agreement for services, correspondence and memorandum.
   
   
7. Accept all letters, memorandum and suit papers without comment or argument. Do not admit liability and do not attempt to place blame.

Questions about a claim or circumstance?
The Victor/CNA claims hotline is a resource for policyholders to speak with a claims professional. To speak with a claims professional, dial (877) 732-5444. Please note if specialists are currently engaged, you may be prompted to leave a voicemail, which will be returned within 24 hours. 

Be advised that claims cannot be reported via the Victor/CNA claims hotline.