**STARTING 08/30/2022
INSURANCE IS NO LONGER AVAILABLE TO PURCHASE IN THE STATE OF TENNESSEE THROUGH
WILLIAMS UNDERWRITING GROUP. SEE NOTICE BELOW:
Notice
Regarding 2023 Policy Term
Tennessee Licensees
RE: Tennessee Real Estate
E&O Coverage – Non-Renewal effective January 1, 2023
We
regret to inform you that Williams Underwriting Group a Division of
AssuredPartners NL, LLC will not be offering a Real Estate E&O Program in Tennessee
beginning with the January 1, 2023,
policy period. We have been advised that the insurance carrier, Zurich
American Insurance Company, is exiting this line of business in Tennessee.
Due
to the state of Tennessee 90-day non-renewal requirements, we will not be able
to accept any new enrollment applications for licensees effective 08/30/2022 or
after.
Williams
Underwriting Group has enjoyed managing the program and providing support to Tennessee
real estate licensees for over fifteen (15) years. We will truly miss
being a part of the Tennessee real estate errors and omissions insurance
marketplace.
Your
expiring policy with Zurich is written on a claims-made basis. If you elect to retire, place you license on
an inactive status or not purchase replacement coverage which provides "prior
acts coverage” you should consider purchasing an Extended Reporting Period or
Tail endorsement. This endorsement would protect you for claims that may be
reported in the future for your past real estate transactions.
Please contact us at 800-222-4035 or wug@wugieo.com for any question you may have,
Regards,
