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re: E&O insurance costs
Posted on 8/11/17 at 6:21 am to LSUAfro
Posted on 8/11/17 at 6:21 am to LSUAfro
I have $30,000 worth of E&O along with a $25,000 Bond. It runs from July of 2016 through 2021.
I paid a one-time premium of $190.00 to Travellers.
Based on the OP you'll need more obviously. But I was pleasantly surprised by the affordability in my case.
I paid a one-time premium of $190.00 to Travellers.
Based on the OP you'll need more obviously. But I was pleasantly surprised by the affordability in my case.
This post was edited on 8/11/17 at 6:23 am
Posted on 8/11/17 at 11:42 am to GFunk
quote:
I have $30,000 worth of E&O along with a $25,000 Bond. It runs from July of 2016 through 2021.
I paid a one-time premium of $190.00 to Travellers.
Based on the OP you'll need more obviously. But I was pleasantly surprised by the affordability in my case
That's not bad at all. I'll have to carry a good bit more than that, but still reasonable I suppose.
quote:
Depends. Have you experienced E&O claims in the past? Have your broker engage at least 5 insurers including some large national one such as Travelers, Hartford, etc as well as some regional insurers.
Keep in mind all professional liability policies are not equal and have him go into detail regarding exclusions and coverage extensions.
Good info.
No claims, putting together pro-formas to begin conversation of creating a small consulting firm. I was just bored last night and was curious what a ballpark number might be.
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