I'm curious what your thought are regarding this new requirement from Altisource? General Liability Insurance is around $500/yr +/-
Greetings from Altisource!
To comply with one of our Client´s requirements, we request you to provide a General Liability insurance certificate with the following limits:
• $1 Million each occurrence
• $2 Million general aggregate
Either you or your Sponsoring Broker should be the “Insured” in the certificate.
General Liability insurance protects Altisource and its’ clients from third party claims for bodily injury, associated medical costs and damage to the properties. This certificate can be obtained at a nominal price from any insurance provider.
Please send us the certificate by January 31, 2015 to Broker.Admin@altisource.com
If you need assistance in either upgrading your current insurance or purchasing a new one and/or if you have any questions, please respond to this e-mail and we will assist you. We appreciate your cooperation and look forward to continuing our business relationship with you.
Broker Admin, Vendor Oversight