Fox Point Expands E&O Liability Program for Small Business Risks

December 16, 2021

Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions (E&O) coverage.

This coverage is being launched in collaboration with the national law firm Wilson Elser and is being underwritten by Fortegra, rated A- (Excellent) by A.M. Best. Fox Point Programs, a full-service agency within Rockwood Programs, will offer the E&O insurance coverage through its network of independent agents nationwide.

The E&O program will also provide advocacy defense, risk mitigation tools, webinars and a hotline to help customers pre-emptively avoid risk exposure through Wilson Elser, the announcement stated. As part of the E&O program, insureds have access to a free proprietary hotline staffed by legal experts at Wilson Elser who are available to assist policy holders with issues before they become claims.

“For example, if an insured has a question about a contract, such as an issue with an indemnity clause or regarding scope of work, they can call the hotline for a consultation on the best approach to avoid getting entangled in claims,” said Martin Ween, senior counsel, Wilson Elser. “We can often resolve matters early without the need for litigation, and with no impact on their reputation.”

“In today’s litigious society, professionals need liability insurance to protect themselves. Combining risk management with advocacy defense shows we’re not just about selling E&O insurance in case something bad happens. We’re trying to prevent it from happening in the first place,” said Glenn Clark, president and CEO of Rockwood Programs, the parent company of Fox Point Programs.

Fox Point is an insurance agency specializing in professional and management liability product lines. The agency has appointments with multiple carriers rated “A” by A.M. Best, allowing it the ability to tailor policy terms and conditions to its clients’ risks. Fox Point Programs is fully licensed to transact business in all 50 states and possesses the authorities to write accounts on either an admitted or surplus lines basis.

Rockwood Programs is a full-service Managing General Agency licensed in 50 states and has the capacity and legal status to handle P&C, Life and A&H products. Its wholesale brokerage division, Rockwood Specialty, assists retail agents finding markets for unique or hard-to-place management liability risks.

With more than 800 attorneys worldwide, the law firm Wilson Elser serves clients of all sizes and across multiple industries.

Source: Rockwood Programs

Topics Commercial Lines Business Insurance

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