Real Estate Developers and Owners
Tailored industry coverage
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Why purchase tailored coverage?
Many A&E forms are not adequately designed to cover the vast array of exposures faced by a real estate owner/developer that can arise from a multitude of venues. We provide tailor made protection for real estate professionals and owners/developers for professional liability exposures through all phases of acquisition, construction, operations and divestiture.
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With a Hiscox RED Policy, the Insured has the ability to choose coverage applicable  to their unique risks and exposures. Clients can choose to purchase coverage solely for their Real Estate & Property Management Services, their Construction and Development activities, or they can purchase all the coverages to provide an end-to-end solution for their professional services.Â
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Available coverage options include:
- Construction Management Services: includes property management and owners representative services performed on owned and non-owned projects and developments
- Contractors Professional Liability: includes Contractors Pollution Liability and Rectification coverages, offered by endorsement to cover construction professional and pollution exposures for developers acting as their own General Contractors
- Owners Construction Professional Liability: covers the project developer/owner for vicarious third party liability arising out of acts, errors or omissions of construction sub-consultants
- Owners Protective Professional Indemnity (OPPI): covers the project developer/owner for financial loss (including cost overruns and delays) arising out of subcontracted design errors
- Real Estate & Property Management Services: includes sales and leasing and coverage for allegations of tenant discrimination or violations of the Fair Housing Act
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Coverage benefits:
- Named Insured includes Subsidiaries, Joint Ventures and Special Purpose Entities/LLC's
- Coverage for claims from tenants, buyers, investors and other third parties that arise out of Real Estate, Construction and Development Services
- Policy can be purchased on an annually renewable, rolling project or project specific basis
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Coverage enhancements:
- Media and Advertising
- Crisis Management
- Pre-claims Assistance and Additional Payments
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Claims scenariosÂ
Not sure what risks our tailored Real Estate Developers/ Owners Form covers? We’ve brought some scenarios to life.