Title Agents / Abstractors / Escrow & Closing Agents

Professional Liability Coverage for: 

  1. Title Agent
  2. Title Abstractor
  3. Closing Agent
  4. Escrow Agent
  5. Notary Public

Coverage Includes

Defense of Disciplinary Actions – up to $25,000 per policy period for the defense of disciplinary actions.

Subpoena Expenses – up to $7,500 per policy period for expenses incurred in assisting the Insured in responding to a subpoena which is received and reported in writing to the Company during the policy period and relates to professional services.

Other Payments – Company will reimburse the Insured for actual loss of earnings and reasonable expenses incurred for attendance at trial, court-ordered hearings, depositions, arbitration or mediation at the Company’s request. Expenses incurred are limited to $500 per day, $7,500 per claim and up to $25,000 per policy period.

 

Enhancements:

  1. Network Security and Privacy Liability 
  2. Data Breach Loss to the Insured 
  3. Mitigation Expense Coverage
  4. Theft of Funds arising out of the loss of the funds of others in the Insured’s care, custody or control as a result of theft, stealing, conversion or misappropriation.

Please be advised that the above titles, headings, definitions, terms and descriptions are for illustrative purposes only and are not a contract. Please refer to the actual policy and all endorsements for a complete description of coverage as certain Conditions & Exclusions apply.

Applications

Submission Requirements for NY, NJ, CT, and PA:

  1. A copy of the firm’s current letterhead.
  2. Fully completed, signed and dated Title Agent Professional Liability Application
  3. Resumes of firm’s key personnel (owners, partners & principals.
  4. Claims Supplement for each claim or disciplinary action in the past five (5) years, if any.
  5. Current Professional Liability Insurance Declarations Page & all material endorsements including, Prior Acts Endorsements, Specific Claim Exclusions, etc.
  6. Signed & Dated NY Reg.194, for New York Applicants.

Very Important. Coverage cannot be bound until all required documentation, together with the premium due, is received, reviewed, and accepted by Underwriters. Coverage cannot be back-dated, so please make sure that your information is submitted on a timely basis. All submissions are individually underwritten to determine program eligibility and terms.

Email or fax completed forms to:
newbusiness@plcsi.com
914.592.6508

Questions? Call 914.592.6505