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planetRE Announces E&O Insurance Discount for Real Estate Brokers
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Large financial benefit
for planetRE brokers with reduction of E&O Insurance
Premium and/or reduction of standard deductibles.
RISMEDIA, SAN JOSE, Calif., Oct 8, 2007- planetRE, a leading provider of transaction management platform to
national real estate brokers, has announced a special program working with E-Risk Services and CAL
Insurance for Real Estate Agents and Brokers Omissions. In recognition of qualified brokers who are
licensing the planetRE Compliance™ platform, and the reduced risk provided by its unique auditing and risk
management features for Real Estate Agents, there will be a discount of 10% off the premium and/or
reduction of the standard deductibles.
The coverage for brokers will include key benefits like broad definition of Professional Services;
ability to add multiple services (e.g. real estate agent, property manager, title agent etc.); coverage for both
residential and commercial properties; automatic coverage for independent contractors; M&A clause and
several others. Coverage is available in all 50 states. The insurance will be underwritten by reputed national
insurance companies with top ratings.
“This is a phenomenal deal for brokers of all sizes nationwide”, said Subrao Shenoy, CEO of
planetRE. “Over past 2 years, planetRE lead the industry with innovative compliance, risk management and
auditing functions for large brokers. Now in addition to using industry’s most powerful Web 2.0 platform that
integrates MLS, transaction and financial management with one seamless access; brokers will also benefit
from real dollar savings with E&O insurance premiums and deductibles”.
“We are excited about partnering with planetRE to offer a comprehensive errors and omissions
product for real estate agents and brokers”, said Neil Kransdorf , senior vice president of E-Risk Services
which manages the underwriting process.
“CAL Insurance is proud
to partner with planetRE and E-Risk Services to bring a
product to Real Estate Agents and Brokers that is cost
effective and will reduce their potential exposures to Errors
and Omissions claims" said Scott Hauge President of CAL
Insurance.” Risk management is what insurance is all about and
planetRE provides a service that reduces risk and thus the
cost of Real Estate Broker and Agents’ Errors and Omissions”.
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About planetRE
TrSoft (d.b.a. planetRE) is a privately held, leading edge internet company for online real estate with no
affiliations or ownership from any real estate, mortgage, or title company. Headquartered in Silicon Valley,
CA; its primary mission is to provide cutting edge products to the global real estate industry. With its
significant investment in Research and Development, it has provided numerous innovations to its customers.
planetRE is licensed by large national real estate companies. More information about planetRE can be
found on the Internet at www.planetre.com.
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About E Risk Services
E Risk Services has developed comprehensive insurance solutions and products that offer the versatility,
simplicity and security today’s businesses are seeking. They provide management liability insurance for
private company clients through their Business and Management (BAM) Package product, including
directors and officers (D&O) insurance as well as employment practices liability (EPL) insurance, fiduciary
liability insurance, crime insurance, professional liability insurance and cyber liability insurance. For more
information about E Risk Services, visit their website at www.eriskservices.com.
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About CAL Insurance
CAL Insurance & Associates has been in business since 1927. An independent agent and broker CAL takes
the time to provide risk management services and tailors coverage to meet the needs of their clients at the
best possible price. Every member of the CAL team is dedicated to providing matchless service. CAL's
motto is "Always Looking Out For You" and they take the extra step to prove this every day. For more
information visit the website at www.cal-insure.com.
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