The median cost of errors and omissions insurance for real estate businesses is about 55 per month or 665 annually.

How much does errors and omissions insurance cover. Regardless of policy limits the median monthly cost of errors and omissions coverage is 59 713 annually. Errors and omissions insurance may cover the cost of the legal fees and financial losses as a result of these types of lawsuits. So if your business has 50 employees you can estimate your errors and omissions premium to be between 25000 and 50000 per year.

The cost of EO insurance varies. Number Of Employees On Staff. Errors and omissions insurance can protect your business from lawsuits claiming you made a mistake.

While the range of pricing can vary widely most small business owners can expect to pay annual premiums between 400 and 1000. An Errors Omissions insurance EO policy is primarily meant for businesses within the professional services sector or for those that offer professional advice to protect the business when an employee makes a mistake. What is the average cost of errors and omissions insurance.

The standard Errors Omissions liability limit for a small business is 1000000 in coverage per claim. Here is a close analysis of four of these factors. What is Errors and Omissions Insurance.

It is also common for larger corporations to expect their professional services. How much is real estate errors and omissions insurance. There are a few primary categories of EO claims.

However the total cost of errors omissions insurance for your company depends on several factors. On average you are looking at anywhere between 500-1000year based on your profession for the 1 Million Limit. The cost of Contractors Errors and Omissions Insurance depends on a number of factors including the type of business you run your industry and coverage limits.