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E&O Policy To Cover Voluntary Benefits Sellers

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Rockwood Programs Inc. is offering liability coverage to worksite benefit marketers through Lloyds of London.

Rockwood, Wilmington, Del., an insurance agency, is selling the product to agencies that sell supplemental life insurance and other supplemental benefits in the workplace.

The Workplace Marketer E&O product offers coverage with a limit of $1 million and a $2,500 retention.

The coverage, written on a claims-made basis, costs $600.

The policy is not available for risks generating more than $125,000 in annual commission income, Rockwood says.