e&o RENEWAL

JSJAG · Post by **JSJAG** » Tue Oct 04, 2005 7:31 am

Just wondering what premiums people are seeing for their E&O renewal. Mine came in at almost $1,900 for 1mil/2mil - $2,500 ded. It covers for L,H and P&C.

I'm just wondering if it is high, low or average.

goredsox · Post by **goredsox** » Tue Oct 04, 2005 9:51 am

2mil/2mil agg, $2,500 ded, P & C, $4,198.

MODERN · Post by **MODERN** » Tue Oct 04, 2005 10:44 am

Typical E & O premiums are running in the $2,500 - $4,000 range for a $1m/$1m limit for most small insurance agents these days, so your premium looks good!

agenttam · Post by **agenttam** » Thu Oct 06, 2005 11:26 am

I just wrote my coverage with CNA for 1322.00. It was running $1900 p/yr.

goredsox · Post by **goredsox** » Fri Oct 07, 2005 9:34 am

Why is ours so much? We've never filed a claim.

INTLXS · Post by **INTLXS** » Fri Oct 07, 2005 9:59 am

I hope you compared policy form when you moved your coverage. There are significant differences in coverage between carriers and price is only one consideration. Also look at the experience and track record of the E&O carrier. Prices are going up due to loss history frequency.