On average you are looking at anywhere between 500-1000year based on your profession for the 1 Million Limit.

How much e&o insurance cost. Get Insurance Quotes From AUs Leading Brands in Mins. This depends on the size of your business how much protection you want and if your state has requirements or limits that must be met. This is only an estimate.

According to Trusted Choice Insurance a majority of small businesses typically pay between 1000 and 3000 in yearly premiums per 1 million worth of errors omissions coverage. The median cost offers a more accurate estimate of what your business is likely to pay than the average cost of business insurance because it excludes outlier high and low premiums. It can cost 1750 for architects and engineers or 400 for an accounting advisor.

However as you can see from the chart below 55 of small-business owners who buy an of Errors Omissions Insurance policy through BizInsure pay less than 600 per year. The median annual cost of EO insurance is about 60 a month. Speak To A Seasoned Errors Omissions Insurance Broker.

Average costs for EO coverage are usually 500 to 1000 per employee per year. Small or Large Business There are many factors that will determine the costs of errors and omissions insurance premiums. This depends on your business what you ship and other variables.

As a yearly median cost this is 600. Get direct access to how much does e and o insurance cost through official links provided below. 80 per month may not sound like an enticing investment but according to the Small Business Administration 53 of small businesses are involved in at least one lawsuit at any given time.

A policy with a 2 million limit will likely cost more than a policy with a 1 million limit. Smaller businesses can expect to pay around 80 month for EO insurance for up to 2 million dollars in coverage. According to Trusted Choice most small businesses will pay between 1000 to 3000 in annual premiums per 1 million worth of EO coverage.