Tennessee Real Estate Errors and Omissions Insurance Program

Williams Underwriting Group (WUG) is pleased to announce real estate errors and omissions coverage in 2011 for all Tennessee licensees.

Williams Underwriting has been providing quality claims-made E&O insurance coverage to licensees in state-mandated real estate errors and omissions programs since 1991.  We have teamed up with an A.M. Best A+ (Superior) rated insurance company to provide the coverage you have been accustomed.  Our coverage meets the requirements established be the Tennessee Real Estate Commission.  In addition, we include coverage's (at no additional charge) that are either not contained in the state-contracted program or require an additional premium.  We have also made arrangements to certify your coverage directly to the Real Estate Commission.  There are no certification forms that you need to complete or submit.

If you are an employing broker and your firm is a corporation, LLC or a partnership you may purchase separate policies for your individual license and for your firm license.

All premiums are fully earned once coverage goes into effect.  As agreed upon by the Tennessee Real Estate Commission, WUG will certify your insurance directly to the Commission by computer modem transfer within a few days of receiving your payment. WUG does not need to complete the Alternative Equivalent E & O Insurance Coverage form. However, WUG must be in receipt of your payment on or before December 17, 2010 to assure it can meet the Real Estate Commissions deadline for your certification to the state. Neither WUG nor the Insurance Company providing coverage will be responsible for any late renewal penalty fees imposed by TREC or delay in the issuance of a license if your payment is received after December 17, 2010.

If your current policy expires (expired) on 01-01-2011, you needed to purchase your replacement coverage by 01-31-11.  Any payment received after 01-31-2011 would result in the loss of any previously established retroactive date (prior acts coverage).  Your new effective and retroactive date will be the 1^st of the month in which your payment is received.  Further, any gaps in coverage could result in your license being put on an inactive status by the Tennessee Real Estate Commission.  ( The prior acts warning only applies to coverage purchased through Williams Underwriting Group.  Other insurance companies will have their own requirements. )

NOTICE:

By enrolling online, you agree that there will be a $5.00 online convenience fee added to your premium.

If you have applied for E&O coverage elsewhere and would rather purchase coverage through Williams Underwriting Group simply notify the other carrier in writing that you request a refund of the premium paid.  This request for refund must be made no later than December 31, 2010.  Request for refund after December 31, 2010 may not be honored.

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