KREC Errors & Omissions Insurance Policy

The Commonwealth of Kentucky is seeking bids for an Errors & Omissions Insurance Policy for the Kentucky Real Estate Commission. The policy should include six mandatory coverages: primary residence coverage, environmental coverage, fair housing coverage, escrow account/earnest money coverage, franchise grantor coverage, and regulatory coverage. The vendor should submit one price that includes all the mandatory coverages. • The policy should provide a minimum of $5,000 per claim and $10,000 aggregate coverage for environmental claims. • The policy should provide a minimum of $10,000 per claim and $10,000 aggregate coverage for fair housing discrimination claims. • The policy should provide a minimum of $2,500 per claim and $5,000 aggregate coverage for claims concerning escrow/earnest money accounts. • The policy should provide a minimum of $2,500 per claim and $5,000 aggregate coverage for regulatory complaints.