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Rockwood Revises Life Agents E&O Rating Structure

Limits of up to $1 million per claim and $2 million in the aggregate are available

Rockwood Programs has enhanced its Life/A&H Insurance Agents’ E&O product rating guidelines. Premium surcharges for applicants looking to secure entity coverage, have either been eliminated or substantially reduced. These changes will go into effect immediately.

Glenn Clark, President, Rockwood Programs, said: “Our underwriting team has always been cognizant of the need to charge a premium commensurate with the level of risk being covered. This is especially important during these difficult economic times. The revisions to our underwriting guidelines will benefit those individuals seeking to include entity coverage under their policy. Applicants generating up to $200,000 in revenues annually will see the most significant savings.”

The Rockwood’ Insurance Agents E&O program provides professional liability coverage, for both life/accident & health and property & casualty agents, limits of up to $1 million per claim and $2 million in the aggregate. There are several different deductible options as well, the company said.

Rockwood Programs is a wholly-owned subsidiary of E.W. Blanch.