Press Release

IA Magazine Without commercial umbrella insurance, property owners are obligated to pay out of pocket for the damages that exceed the limits of their underlying primary business coverage. But New Empire Group’s umbrella insurance gives real estate owners additional liability coverage to protect against the potentially ruinous costs of large claim settlements.

New York’s real estate market has been in a stable growth period for several years, but it still is one of the busiest in the world – this fall alone, more than three dozen new developments will be hitting the market in the metro area. As a program manager that specializes in the commercial real estate industry, New Empire Group caters to this fast-paced market, offering products and programs such as CondoPak, property managers E&O and a PRIME umbrella/excess program.

CondoPak is becoming the industry’s premier insurance package policy for condominiums and community associations. The program, offered exclusively through New Empire Group, has announced that their Diamond Ultra Endorsement is now available in Connecticut and Massachusetts.

New Empire Group has expanded its Prime Umbrella/Excess Liability Program portfolio as they announced a new Excess Liability Program for Real Estate. The program is underwritten by an AM Best A8 carrier and offers low minimum premiums with excellent rates. The program is admitted in all 50 states.

Insurance Business AmericaNovember 2017 NEW EMPIRE GROUP Location: Long Beach, NYAgency Management: Robert E. Mackoul, CLU, CEO Deborah K. Mackoul, CPIA, President Robert G. Mackoul, CIC, Chief Underwriting Officer James O’Neill, CPCU, Executive Vice President Years in Business: 13 Insurance Business America has profiled agencies from coast to coast, both large and…