E&O Question

[agentinsouth]

I recently got an E&O quote from a broker... $1800 for $500,000 per occurrence, $1,000,000 aggregate through Lloyds of London. ($2,500 deductible) - Property and Casualty Is that a reasonable rate? I've been licensed less than 3 years but 6+ years experience in the industry. Any other companies you can recommend? NAPA wouldn't work because you have to have 49% or less P&C. I don't want EOforless because the retention is $10,000. For a $200,000 P&C book of business, that would not go over well with me!

There is a huge up charge if you have been licensed for less than 3 years. I was short by a few months my first year.... Huge decrease year 2.

Also, those are really low limits for a P&C shop?