Rockwood Adds General Liability to Its Life Agents E&O Product

WILMINGTON, Del.--(EON: Enhanced Online News)--Rockwood Programs, Inc. has made substantial revisions to its Life/A&H Insurance Agent’s E&O offering by embedding general liability coverage to the product. These coverage additions are being included at no cost to the policyholder. The changes will go into effect immediately. The general liability coverage enhancement will be available in all states except Illinois.

“Rockwood Programs has earned a reputation as being an innovator and pioneer in the professional liability insurance arena”

“Rockwood Programs has earned a reputation as being an innovator and pioneer in the professional liability insurance arena,” says Glenn Clark, the agency’s President. “Embedding meaningful levels of general liability coverage to our existing Life Agent’s E&O offering demonstrates our continued commitment to providing leading edge products for our customers. No other market can match the unique combination of insurance coverages we can now provide.”

“Our Life Agents E&O product now provides a separate $100,000 general liability limit,” continues Glenn. “Coverage includes up to $100,000 in personal and adverting injury, $50,000 for damages to premises rented by the policyholder, and $5,000 in medical expense. Rockwood will also continue to provide up to $25,000 in Identity Theft protection. Both the general liability and Identity Theft coverages are provided at no cost to the insured.

“It is important to keep in mind that Rockwood has been a provider of Life Agent’s E&O protection for over a decade. There are new 'players' in the market today who are NOT selling an agent their own policy but rather a certificate to a group policy with aggregate limits. In contrast, our policy is fully portable and helps agents maintain their retroactive dates. The agent’s loss experience is not pooled with others and subject to an aggregate limit. We also have the flexibility to provide unique coverage and rating accommodations for sponsored/group programs.”

The Rockwood Insurance Agent’s 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.