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E&O Insurance

Aug 10, 2007

  1. i4all
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    i4all New Member

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    Does anyone know where to get the best rate for E&O insurance?
     
    i4all, Aug 10, 2007
    #1
  2. TXINSURANCE
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    TXINSURANCE Guru

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    National Association of Professional Agents (NAPA)

    Try them. You should also ask some of these companies you are wanting to sell for a lot of them have sponsored programs for E&O.

    Also I highly recommend to EVERYONE to setup a INC, LLC, LLP or similar to protect your personal assets - remember E&O is an insurance policy but if producing as an INDIVIDUAL your personal assets are largely at risk.

    Just FYI a good corporate structure is worth more than any E&O policy... Good luck!
     
  3. michellea
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    michellea Super Genius

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    Just last month we had to get this for my fiance. We went through NAPA and had to pay $280.00 down and then around $50 a month.
     
  4. Sir Ringo
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    Sir Ringo Expert

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    You are paying for the year, a few years back I had to do the same thing, it was in july I think, but my initial payment wasn't quite that high. Their rates have gone up a few bucks every year. I haven't reviewed any other e&o companies, but I have heard is that their rates and coverages are one of the most reasonable. But I cannot validate this.

    When you renew your coverage in Dec, you will not have to pay nearly as much but you do have to sign a binding contract each year, it cannot be cancelled.
     
  5. djs
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    djs Super Moderator Moderator

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    E&O for health only is much lower than E&O rates for property and casualty. Which are you looking for?

    Dan
     
    djs, Aug 20, 2007
    #5
  6. Dave020
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    Dave020 Super Moderator Moderator

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    MGA has it for $460 a year
     
    Dave020, Oct 23, 2009
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