New NASBP E&O Coverage Affinity Program Tailored to Address Surety Bond Agencies’ & Producers’ Needs

NASBP recently partnered with Rockwood Programs, Inc., Decus Insurance Brokers Limited, and ProSight Specialty Insurance to provide its bond producer members with preferred access to an “A” (Excellent) rated carrier offering an exclusive Errors & Omissions (E&O) insurance program. Coverage through this NASBP Program is specifically tailored to address the E&O insurance needs of surety bond agencies and producers.

“We have entered agreements with Rockwood Programs and ProSight Specialty Insurance to provide an E&O liability affinity program to our producer members utilizing these companies’ expertise in the marketplace,” said Lawrence F. McMahon, President of NASBP. “The NASBP E&O Program provides valuable professional liability protection to bonding agencies, including those solely focused on surety,” said McMahon, who is Executive Vice President and Surety Manager of Alliant Insurance Services, Inc. “In addition, the NASBP E&O Program provides producer participants with preventative tools, such as access to a free, risk management hotline staffed by knowledgeable attorneys,” he added.

This NASBP E&O Program is exclusive to NASBP, and NASBP members can learn more about it and complete an application at the Association’s web site at by clicking here. Information on how to contact a Rockwood representative to ask specific questions is also at the site.

“Rockwood serves as the national administrator for several professional liability products,” said Mark Lann, Executive Vice President of Rockwood Programs, an insurance agency specializing in management liability products. “Our goal is to have the flexibility to provide the coverage terms and pricing best suited for a NASBP member’s specific needs, and with this new NASBP program through ProSight, we believe we can!”

“We are excited to be partnering with NASBP, a great association that is looking out for its members’ needs,” Lann said. “Rockwood’s team can offer some of the most competitive coverage terms and rates available in the industry today as well as expansive knowledge of the marketplace,” he added.

Interested producers should visit the NASBP website by clicking here and contact Rockwood at NASBPsales@rockwoodinsurance.com or 800-380-4642.