Get The Insider Scoop On E&O Quotes Today

Factors Influencing E&O Insurance Quotes

Several factors influence the cost of E&O insurance. The type of industry, size of the business, and the level of risk associated with your services play significant roles. For instance, a software developer might face different risks compared to a financial advisor, leading to variations in premium costs.

Your claims history is another critical factor. Businesses with a history of claims might face higher premiums, as insurers perceive them as riskier. Additionally, the coverage limits and deductibles you choose will also affect your quotes. Higher coverage limits and lower deductibles generally result in higher premiums.