Rockwood Programs Inc. has expanded its life, accident and health insurance agent’s E&O product offering to include two new endorsements. One enhancement expands coverage to include incidental property and casualty activity; the other provides E&O for the placement of financial products. These new endorsements will be available nationwide on Jan. 1, 2008.
The P/C endorsement covers the policyholder for placement of several types of P/C-related products, including personal automobile, homeowners, and business owner policies. Agents who derive less than 20 percent of their total annual revenues from P/C-related activities are eligible. Other restrictions may apply.
The other endorsement that is now available expands E&O protection to include certain types of financial products. Most of the financial instruments requiring a Series 6 license to place – such as mutual funds and variable annuities – are eligible.
The product includes 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. Unique coverage and rating accommodations for sponsored/group programs are available.
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.
Source: Rockwood, www.rockwoodinsurance.com
Topics Agencies Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
Why Reciprocal Insurance Exchanges Are Back in Fashion 
