What it does
CG 23 01 excludes "bodily injury", "property damage" and "personal and advertising injury" arising out of any misrepresentation, error or omission by the named insured or any real estate agent or broker employed by it or working on its behalf.
Who needs it
Residential and commercial real estate brokerages and independent agents.
Key provisions and limits
- Like most ISO professional exclusions, it applies even when the claim alleges negligent supervision, hiring, employment, training or monitoring of others, if the occurrence or offense involved the excluded service.
Quoting and selling notes
- Pair with real estate E&O. Showings, open houses and office premises remain CGL exposures.
