Real Estate Agents and Brokers Errors and Omissions Insurance News

NEEDHAM, Mass., April 30 /PRNewswire/ -- The Herbert H. Landy Insurance Agency is pleased to announce important changes to its Real Estate Agents and Brokers Errors and Omissions (E&O) Insurance program.

Kicking off 2008, Landy announced its NEW Real Estate Agents and Brokers E&O Express program featuring a one page self-rating application for real estate professionals who qualify by answering "true" to six (6) eligibility questions. Qualified real estate agents and brokers, appraisers, and auctioneers may soon apply online at http://www.landy.com, pay with a MasterCard or Visa, and receive their policy within a couple of hours.

Betsy Magnuson, President of Landy Insurance, states, "We have had such tremendous success with our online, one page, self-rating Individual Real Estate Appraiser Errors and Omissions (E&O) program that we wanted to extend the same simple process to other real estate professionals across the country."

The Real Estate Agents and Brokers Errors and Omissions (E&O) Express program is also available to thousands of independent insurance agents across the country to market to their clients. John Torvi, Director of Marketing and Sales at the Landy Agency, says, "We have already received an incredible amount of interest from our Producers across the country. They are excited about the simplicity of the Express E&O program and having rates available to them so they do not have to wait for a quote."

In addition to the new Real Estate Agents and Brokers Express program, the Landy Agency has made changes to its Standard Real Estate E&O program. Once rated on head count, firms are now rated on revenues and transactions. "Our goal," says Magnuson, "was to maintain our current book of business which is primarily composed of smaller firms and to offer a rating plan that would be more competitive for mid to larger size firms. We believe we have done this."

The Landy Agency's programs are available to Independent Insurance Agents across the country. For more information on these programs or to download an application, visit http://www.landy.com or contact John Torvi at 800-336-5422 x 117.