Insurance for Title Agencies

Insurance for Title Agencies image
It takes a considerable amount of work to build a successful title agency business. Unfortunately, it only takes one lawsuit or disaster to wash away the firm foundation you established for your company. Without adequate insurance coverage, you are constantly at risk of losing everything you worked so hard to create.

Building a title agency insurance policy from AmTrust Financial can help you mitigate the risks you face every day. While you may not be able to avoid accidents and unexpected damage, you can prepare for it. When you do find yourself faced with a lawsuit or other financial hurdles, the right insurance coverage can help you deal with it and move on with your business for less cost.

Why Title Agencies Need Insurance

As carefully as you operate your business, there is always the possibility that something can go wrong. For example, customers and employees can slip and fall in your building. Employees can make mistakes that damage a customer's property, or even lead to your customers sustaining injuries. Finally, if your business involves risky job responsibilities, your employees are more likely to be injured while they're on the clock. All of these situations and more can put your business at risk for costly handouts, lawsuits, and more.

AmTrust can help you customize your insurance policies to protect your title agency from the greatest risks you'll face. As long as you have the right policies and adequate coverage, you can weather potential disasters without worrying about your business being ruined financially. Working with your AmTrust agent, you can address the situation quickly and move on to focusing on what is most important – building a successful title agency.

Title Agencies Insurance Options

We offer different insurance policies tailored to specific risks that your title agency may encounter. Some of the most common types of policies for title agencies include the following:

General Liability Insurance for Title Agencies 

Just about every business can benefit from general liability insurance, including your title company. General liability insurance addresses risks posed by third parties, including customers and competitors. Should a customer be injured while at your business or due to an action performed by your employees, your general liability insurance can help absorb the costs of a lawsuit. This type of policy can also protect you from the costs related to damaged customer property and lawsuits from competitors related to libel or slander.

Businessowners Policy

A businessowners policy (BOP) bundles two of the most important kinds of insurance for businessowners into one convenient package: general liability insurance and commercial liability insurance. Commercial liability insurance addresses situations where commercial property is damaged, including damage to your building, your computer systems, your office supplies, and most of your other commercial property. With the right commercial liability coverage, you can replace or repair damaged property at minimal cost to you, and with a bundled BOP, you can save on the essential coverage you need.

Workers' Compensation Insurance for Title Agencies 

No matter how careful you are, there is always the possibility that one of your employees will sustain an injury or illness related to their work or working environment. Even office workers can get hurt on the job, leading to costly medical bills, missed work, and legal fees. Workers' compensation insurance can help you cover these costs and avoid lawsuits related to workplace injuries, benefiting both your business and your employees. In most states, workers' compensation is required for any business with multiple employees.

Most states require title agencies to carry workers' compensation. Workers' comp may provide coverage for an injured employee's hospitalization, vocational retraining, rehabilitation, and partial lost wages. Depending on the situation and policy terms, if an employee draws benefits, he or she may be prohibited from suing your business for damages, and having a policy will help cover the costs of any claims made.

How Do I Get Title Agencies Insurance?

Purchasing title agencies insurance can give you peace of mind and confidence in knowing you're getting coverage against a variety of hazards and risks. AmTrust is here to help you discover tailored insurance solutions to keep your small business safeguarded whenever unfortunate situations arise. We work alongside you to find an insurance package suited to your business’s specific needs. To learn more about title agencies workers' compensation packages and other top-rated insurance products that are available through AmTrust contact us today.

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