CHART Defender Errors & Omissions

 

Rockwood Brokerage and the CHART Exchange have launched a new product tailored to those agencies doing business with London – the CHART Defender.  This policy is the only known US E&O policy to specifically define Lloyds Coverholder and list it as a covered professional service. 

Coverage is provided through Certain Underwriters at Lloyd’s, London.  They are rated “A” (Excellent) by A.M. Best.

 

COVERAGE HIGHLIGHTS

 
  • Defense costs in addition to the limits of liability
  • First Dollar Defense (Loss-only deductible)
  • Aggregate deductible
  • Coverage for unintentional breach of underwriting authorities
  • No insolvency exclusion
  • Broad definition of “Professional Services” to include Lloyd’s Coverholder activities, notary services, premium financing, and loss control activities.
  • Hotline staffed by legal professionals to assist insureds in addressing issues before they become claims
  • Automatic coverage for Independent Contractors
  • Punitive damages (where allowable by law)
  • 50% reduction of deductible if claim resolved through mediation
  • Additional coverages included outside of the policy limit (separate sub-limits apply): defense costs for regulatory proceedings litigation expense reimbursement, and subpoena expense reimbursement.

WHY CALL IT "CHART DEFENDER”?

The product has been called the CHART Defender to underscore the most important differentiating factor of this E&O offering: policyholders will know in advance who will serve as their advocate in the event of a loss.  Our Claims Administrator is Wilson Elser Moskowitz Edelman & Dicker, LLP, a nationally recognized law firm with 800+ attorneys in 31 offices across the United States and in London.  Wilson Elser has exceptional experience in aggressively and professionally handling litigation and other proceedings so that our insureds get the most effective defense possible.
Wilson Elser will also provide risk mitigation/loss control and Pre-Claim Hotline services to our policy holders.


APPLY NOW!
Download an application and submit the completed form to chart.eo@rockwoodinsurance.com
NEED MORE INFO?  HAVE QUESTIONS?
Email questions to chart.eo@rockwoodinsurance.com or call 305-248-9495. 

 

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