Rockwood Programs, Inc. has reduced the minimum premiums applicable to its employment practices liability insurance (EPLI) product. Rates now start as low as $750 for limits of $250,000 per claim and $250,000 in the aggregate.
Minimum premiums have been reduced on other liability limits as well. Certain eligibility parameters apply.
The rating change is available on all new business and renewal accounts written after March 15, 2010.
Rockwood is the national administrator for the EPLI program underwritten through Avemco Insurance Co.
Darryl McCallin, Rockwood’s operations vice president, said that in order to accommodate these unique submissions, Rockwood has secured appointments with several additional insurance carriers.
“Maintaining these market relationships allows us to place virtually any EPLI risk we receive,” he said.
The Rockwood EPLI base policy form offers wage and hour protection, defense outside the limit, and third party coverage for most risks. Rockwood also provides risk management/loss control assistance at no additional cost to insureds. In addition, the EPLI policy offers defense and indemnity protection against claims arising from the employer/employee relationship. The policy shields employers – plus all current, former, and prospective employees, directors and officers, even the corporate entity – against a broad spectrum of employment-related claims. Multiple limit and deductible options are available.
Source: Rockwood Programs, Inc.
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