Rockwood Programs recently partnered with highly rated insurance providers in order to create a NEW E&O product for Surety Bond Producers. This product is offered by “A” or better carriers to provide a coverage tailored to the professional services of each insured’s operations.
Surety Bond Producer E&O Program Highlights Include:
- Insured’s Choice of Defense Counsel considered
- Past and Present Employees covered, as well as Independent Contractors
- Worldwide Coverage for Errors and Omissions committed as long as they are made in the USA or Canada
- Extended Reporting Period/ Tail Coverage- Bilateral (electable by both Insured and the Insurance Company) Options up to 5 years can be considered
- Carrier Insolvency Exclusion carved back to “B+” for A.M. Best rated carriers- Demotech rated carriers can also be included
- $25,000 sub limit for expenses in defending Regulatory or Administrative actions
- Free, unlimited and confidential risk management hotline to attorneys with E&O expertise to help and analyze issues, responsibilities, providing practical approach to any problems and questions insured’s may have