Rockwood Programs recently announced lower minimum premiums on its errors and omissions product for property-casualty agents on all new business and renewal accounts.

Premiums will be offered for as low as $1,250 for agents generating less than $100,000 in commissions annually with several different deductible options, according to the company.

The Wilmington, Del.-based company said it reviewed the existing rating structure of its E&O program and was able to make “appropriate premium adjustments” to aid in affordability of coverage “in these difficult economic times.”

On-line risk mitigation tools and an E&O program designed exclusively for newly licensed individuals are available services Rockwood is offering as well.

The Rockwood Insurance Agents E&O programs offer professional liability coverage for life, health, and property-casualty agents. Limits of up to $1 million per claim and $2 million in the aggregate are available.

“Unfortunately, it is sometimes difficult to afford the coverage in these difficult economic times – especially when the other costs of doing business are considered.  Our carrier partner also recognizes the importance of this issue.  We were able to jointly review the existing rating structure of our E&O program and make the appropriate premium adjustments,” said Glenn Clark, president of Rockwood Programs, in a statement.