NOTE: My sales hat is removed...
Are you a broker out there running your business without a General Liability policy? A G/L policy protects you from physical and liability losses. (Not to be confused with E&O coverage for contractual errors.)
With a lack of insurance and throwing a Open house or having the home open for a Caravan, what happens when you have a loss at one of your customers homes? a optional form of coverage is an "event" policy... Not the most feasible solution but it is an option. Most event policies require the location and the number of participants to be known at the time of purchase. www.GeorgiaEventInsurance.com gives perspective to the type of information needed for a policy.
When a event is open to the public and sponsored by a individual or company, the one sponsoring the event could and "should" be held liable for losses. The right protection is a G/L policy. An alternate solution is a Event policy.
Reading this blog you may be wondering what kind of losses could you the broker or realtor be liable for? A cigarette burn in the carpet that occured during the event... A pan of hot food that crashed from the table and scars the floor or worse hurts another realtor or the customer. The list is long... As a professional, be insured and position the customer with protection apart from having to make a personal claim.
Matt Locke
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