Premiums now start as low as $1,250 for agents generating less than $100,000 in commissions annually
Rockwood Programs has reduced the minimum premiums applicable to its property and casualty agents Errors & Omissions (E&O) product. The premiums now start as low as $1,250 for agents generating less than $100,000 in commissions annually.
The rating change is available on all new business and renewal accounts written after October 15, 2009.
Glenn Clark, President of Rockwood Programs, said: “It is critical that insurance agents maintain adequate E&O protection. Unfortunately, it is sometimes difficult to afford the coverage in these difficult economic times, especially when the other costs of doing business are considered. Our carrier partner also recognises the importance of this issue. We were able to jointly review the existing rating structure of our E&O program and make the appropriate premium adjustments.”
The Rockwood Insurance Agents E&O programs provide professional liability coverage for both life, accident & health and property & casualty agents.