OVERVIEW

Rockwood Programs first partnered with the Strategic Independent Agents Alliance (SIAA) in 2007 to provide Errors and Omissions (E&O) insurance for their member network. The steady growth seen over this decades-long business arrangement has prompted Rockwood to take the next step: to develop a multi-tiered rating matrix for the entire organization predicated on annual revenues.

RATE STRUCTURE

The rate structure shown below is for limits of $1,000,000/$2,000,000 with a $2,500 retention.  Other limit and retention options will be made available.

• The rate structure shown below is for limits of $1,000,000/$2,000,000 with a $2,500
  retention. Other limit and retention options will be made upon request.
• 
  

• REVENUE BAND	ANNUAL	REVENUE BAND	ANNUAL
  Up to $75,000	$ 985.00	$250,001 - $350,000	$1,850.00
  $75,001 - $150,000	$1,240.00	$350,001 - $500,000	$2,315.00
  $150,000.01 - $250,000	$1,535.00	Over $500,000	Individually Underwritten

  
  No state modification factors will be utilized in the revenues-based program.  Plan rates will not apply for risks with annual revenues in excess of $500,000 or those with prior loss experience within the past three years.  Member agents placing crop business are no longer eligible.  Certain other criteria apply.
  
  Policies issued under the exclusive SIAA revenue-based rating initiative include a Performance Bond exclusion.  Rockwood can still secure competitive E&O coverage options for those member agencies falling outside of this program’s eligibility criteria.  Please refer to the Frequently Asked Questions (FAQ) section for more information.

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