Lenders Legal Liability
Landmark E&S works closely with carriers to offer protection specifically tailored to banks, lenders and loan originators that hold loans backed by commercial real estate. Landmark E&S lender liability solutions protect insureds collateral from third-party claims and credit risks associated with environmentally impacted properties.
Coverage Highlights
Target Classes
-
Lenders Liability coverage – claims made
-
Defense of claims
-
10 years to meet the loan term, plus 3 years available to facilitate the securitization of a loan
-
Collateral protection for lenders and the ability to pay off remaining loan balance
-
Protection against CERCLA claims
-
Preexisting and New conditions coverage – Available
-
Emergency Expense
-
Transportation Pollution Liability
-
Non-owned Location coverage (for disposal sites)
-
The policy can provide a waiver of subrogation against the borrower
-
Augment a lender’s own due-diligence process
-
Banks
-
Lenders
-
Loan Originators
Minimum premium is $5,000
Available limit up to $20,000,000