MGA/Program Administrator E&O Program

Offered by Rockwood Brokerage

Insurance Agents E&O Wholesalers E&O Insurance Brokers E&O MGA E&O Insurance Agents Program Administrators E&O Lloyds Coverholder E&O MGU E&O

Description

The most important barometer of any professional liability policy is how vigorously it defends the policyholder in the event of a claim. The Rockwood Defender Program is comprised of experienced underwriters, risk management evaluators, insurance-related E&O litigators (Wilson Elser), and an “A” (Excellent) rated carrier. Our team is committed to providing Managing General Agents and Program Administrators with the best Errors and Omissions coverage in the industry.

Program Highlights:

  • Exclusive E&O Loss Prevention Hotline, staffed by the law firm who will be defending claims made against you!
  • Up to $5M Primary Limits available with excess limits available
  • First Dollar Defenseavailable
  • Defense Costs in addition to the limits of liability available
  • Aggregate deductible
  • Coverage for unintentional breach of underwriting authorities
  • No insolvency exclusion
  • Broad definition of “Professional Services” to include notary services, premium financing and loss control activities.
  • Automatic coverage for Independent Contractors
  • Punitive damages (where applicable by law)
  • 50% reduction of deductible if claim resolved through mediation
  • Flexible ERP terms
  • Additional coverages included outside the policy limit (separate sub-limits apply): defense costs for regulatory proceedings, litigation expense reimbursement and subpoena expense reimbursement.
Eligibility:

  • Agents, Brokers, MGA/MGU, Wholesalers and Lloyds Coverholders with at least $1M in annual written premium

Details

Has Pen

Carrier Information

Admitted

Non-Admitted

Listing Contact

Mark Lann Executive Vice President

Offered By

Rockwood Brokerage

6 listings in 50 states + DC

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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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