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Rockwood Improves Its Life Agents E&O Rating Structure

 

Saturday, Jun 20,2009, 11:31:13 AM   Click:

WILMINGTON, Del.--(BUSINESS WIRE)-- Rockwood Programs, Inc. has implemented revisions to their Life/A&H Insurance Agents E&O product rating guidelines. Premium surcharges for applicants seeking to secure entity coverage have either been eliminated or substantially reduced. These changes will go into effect immediately.

"Our underwriting team has always been cognizant of the need to charge a premium commensurate with the level of risk being covered," says Glenn Clark, President of Rockwood Programs. "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."

"We are justifiably proud of the Life Agents E&O product being offered through Rockwood Programs," continues Glenn. "We have been providing this valuable coverage for over a decade. Our policy is fully portable and helps agents maintain their retroactive dates despite changing carrier affiliations. We provide a broad coverage form, competitive rate structure, and a web-enabled application process. Up to $25,000 in Identity Theft protection is added for each account written at no cost to the insured. Our team can also offer unique coverage and rating accommodations for sponsored/group programs."


The Rockwood Insurance Agents E&O programs offer 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 are available. There are several different deductible options as well. Both programs are placed through Certain Underwriters at Lloyds.

Interested parties can learn more about this program as well as the other products and services offered by accessing Rockwood's website at www.rockwoodinsurance.com. The company can also be contacted directly by calling toll-free 800-558-8808. The fax number is 302-764-5477.



Rockwood Programs, Inc.

Darryl McCallin - Vice President

800-558-8808

darryl.mccallin@rockwoodinsurance.com

Source: Rockwood Programs, Inc.

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