Ideal Accounts and Appetite
This program is targeted to independent Property and Casualty insurance agents and small agencies generating less than $2 million in annual revenue. Rockwood can accommodate a wide range of P&C agent risks, including:
- Newly licensed P&C agents (licensed within the last 1–3 years)
- Established P&C agents and boutique agencies (licensed over 3 years)
With access to multiple “A” rated carriers and a Lloyd’s placement, Rockwood can often place accounts that fall outside standard markets. If you have an agency startup or a small-to-mid-size firm with moderate exposures, this program is an excellent fit.
Coverage Highlights and Advantages
- Low minimum premiums – Starting at $1,250 (plus tax/fees)
- Identity Theft Expense Coverage – Up to $25,000 included at no extra cost
- Flexible limits of liability – Multiple limit options to match your client’s needs
- Defense coverage – Covers attorney fees, court costs, settlements, and judgments (excluding intentional wrongdoing)
This E&O policy protects your clients from allegations of mistakes or omissions arising from their day-to-day professional operations—providing financial protection for defense costs and potential settlements in an increasingly litigious environment.
Underwriting Notes and Minimum Premiums
Rockwood delivers efficient, experienced underwriting focused on the insurance agent E&O niche. Eligibility is typically based on licensing history, annual revenue, and the agent’s operations and product lines. The program’s competitive minimum premium is $1,250 (plus applicable taxes and fees).
Industry experience shows a meaningful chance of an agent facing a reportable E&O claim over a career. Rockwood’s coverage is designed to provide a practical safety net—especially for small agencies that may not have the reserves to absorb defense costs.
Territories and Availability
The program is available in most U.S. states, including: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY. Admitted options are available in selected states—contact Rockwood for specific state availability and any regulatory considerations.
Why Work With Rockwood Programs
As a Managing General Agency focused on agent E&O, Rockwood offers more than a policy. Working with Rockwood gives you:
- Direct access to top-rated carriers, including Certain Underwriters at Lloyd’s of London
- Program flexibility for both new and experienced agents
- Responsive service and underwriting expertise geared to agent exposures
- A partner with over a decade of dedicated experience placing E&O for P&C agents
Example scenarios where this program fits well:
- You have a newly licensed P&C producer launching as a solo agent who needs primary E&O protection with a low entry premium.
- You represent a boutique agency with several experienced agents and mixed commercial and personal lines, seeking flexible limits and added identity theft expense coverage.
Whether you’re placing a single producer or an established small agency, Rockwood’s E&O program offers tailored protection with the marketplace access and underwriting support agents expect.