Affordable E&O Insurance Quote Guaranteed For Bookkeepers Today
Factors Affecting E&O Insurance Costs
Several factors influence the cost of E&O insurance for bookkeepers:
- Business Size: Larger firms typically face higher premiums due to increased exposure to potential claims.
- Revenue: Higher revenue can lead to higher insurance costs, as insurers may perceive a greater risk.
- Claims History: A history of claims can increase your premiums, as it signals higher risk to insurers.
- Coverage Limits: Higher coverage limits will naturally result in higher premiums.
The average cost of E&O insurance for bookkeepers ranges from $500 to $1,000 annually, depending on these factors1.