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Factors Affecting E&O Insurance Costs
The cost of E&O insurance varies based on several factors, including your industry, the size of your business, and your claims history. Typically, businesses with higher risk profiles or those that have had previous claims will face higher premiums. However, small businesses and startups can often find affordable options by comparing quotes from multiple insurers. It's crucial to evaluate the coverage limits and deductibles to ensure you're getting the best value for your investment2.