Insurance Broker / Large Retail Agent Errors & Omissions

Offered by Rockwood Brokerage

Insurance Agents E&O Insurance Agents & Brokers Insurance Agents Errors & Omissions

Description

Rockwood Brokerage serves as the exclusive national administrator of an Errors & Omissions (E&O) product designed to address the unique professional liability exposures faced by insurance agents and brokers generating gross written premiums of $2 million or more. This competitively priced product offers one of the most comprehensive policies available in the market today. An array of optional coverages allows us to further tailor the form to meet our client's unique needs.

Program Highlights:
  • Broad definition of professional services; includes notary, premium financing, and risk management/loss control activities
  • B+/Government Guaranteed insolvency exclusion
  • Automatic coverage for Independent Contractors
  • Punitive damages covered where allowable by law
  • Additional coverages included and outside of the policy limit:
> Defense costs for regulatory proceedings – $25,000

> Litigation expense reimbursement – $250 day; $5,000/policy period

> Subpoena expense reimbursement – $5,000

    • Wholesaler, MGA, and Program Administrators considered (subject to carrier approval)

    Details

    $5M Maximum Limit

    $1M Minimum Limit

    Has Pen

    Carrier Information

    Western World Insurance Group

    Non-Admitted

    Listing Contact

    Mark Lann Executive Vice President

    Offered By

    Rockwood Brokerage

    6 listings in 50 states + DC

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    Downloadable Files

    Availability 50 states + DC

    Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

    Covered

    Not Covered

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