A marketer has revised an errors and omissions insurance product that it sells to insurance agents in the life market and the accident and health market.
Rockwood Programs Inc., Wilmington, Del., says it has reduced or eliminated premium surcharges for applicants seeking to secure entity coverage. The reductions will have the biggest effect on applicants with entities generating less than $200,000 in annual revenue, the company says.
The program comes with up to $25,000 in identity theft protection per account written at no cost to the insured.
The maximum E&O coverage limit is $1 million per claim and $2 million in aggregate.
Rockwood gets the coverage from “certain underwriters at Lloyds,” the company says.