Global speciality reinsurance broking business Consilium has introduced a blended professional indemnity, directors and officers and crime policy for real estate professionals.
Consilium’s professional and executive risks team has drafted proprietary wording that addresses such common overlapping risks as negligence, mismanagement and breach of duty, in a single policy.
Commenting on the launch Dominic Pilgrim, partner, professional and executive risk solutions, at Consilium, said: “The real estate sector is increasingly complex, with professionals often working collaboratively; traditional single-line PI or D&O policies can leave gaps when responsibilities overlap.
“By blending these protections into one carefully drafted wording, we’re delivering a solution that not only mirrors the way real estate deals are structured but also streamlines claims handling and reduces overall costs. It’s a major step forward in protecting brokers and their clients in the sector, and once again reinforces our position as a speciality broker redefining excellence in the world of professional risk solutions.”
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