Ideal Accounts and Eligibility
This program is designed for retail insurance agents and brokers with at least $2.5 million in gross written premium. It’s an excellent fit for established agencies that want reliable, broad coverage through an admitted product available in most states.
If you have a client who is a growing regional agency expanding into specialty lines, or a long-standing broker who wants to upgrade from a basic E&O policy, this program could be a strong fit.
Coverage Highlights and Advantages
- Broad definition of professional services
- Exclusion for B+/government-guaranteed insolvency
- Automatic coverage for independent contractors
- Punitive damages covered where allowed by law
- Included supplemental coverages at no extra cost:
- Regulatory defense costs: $25,000
- Litigation expense reimbursement: $5,000
- Subpoena expense reimbursement: $5,000
Optional Coverage Enhancements
- Defense costs outside the limits of liability
- Employment practices claims expense reimbursement
- First dollar defense
- Privacy breach expense coverage
- Security incident expense coverage
- Aggregate retentions
Underwriting Notes and Minimum Premium
Rockwood evaluates each submission based on the agency’s size, experience, and risk profile. While minimum premiums vary, agents should expect competitive pricing aligned with the program’s broad coverage and high service standards.
Territories and Availability
This is an admitted program in most states, and is available in all U.S. states except possibly a few. Key markets include CA, TX, FL, NY, IL, and PA, among many others. Please contact Rockwood for state-specific availability.
Why Work With Rockwood Programs
As a seasoned Program Administrator, Rockwood Programs brings deep expertise in professional liability insurance. The company focuses on delivering responsive service, intelligent underwriting, and access to strong carrier partners like Western World Insurance Group. With a proven track record in the insurance agent/broker E&O space, Rockwood is a reliable partner for placing complex or high-premium accounts.
Questions?
Mark Lann -
Executive Vice President
302 307 3844
Frequently Asked Questions
What types of accounts are a good fit for this program?
Retail insurance agencies and brokers with at least $2.5 million in gross written premium are ideal candidates. Agencies with experienced staff and diversified books of business are a strong fit.
Is this program admitted or non-admitted?
This is an admitted program in most states, offering agents and brokers the benefit of regulatory compliance and financial security.
What are some of the built-in coverage benefits?
The policy includes regulatory defense costs ($25K), litigation reimbursement ($5K), and subpoena expense reimbursement ($5K) at no additional charge.
Can independent contractors be covered under this policy?
Yes, the program provides automatic coverage for independent contractors, which is ideal for agencies using 1099 producers.
What optional enhancements are available?
Enhancements include first dollar defense, defense outside the limits, privacy breach and security incident coverages, and employment practices claim expense reimbursement.
Need help placing an account? Connect with a market specialist.