Secure Your Career Peace Professional Liability Insurance E&O
Cost Considerations
The cost of E&O insurance varies based on several factors, including your industry, the size of your business, and your claims history. On average, small business owners might pay between $500 to $1,000 annually for coverage, but this can vary widely1. Some insurance providers offer discounts for businesses with strong risk management practices, so it's worth exploring different options to find the best deal.
Benefits of E&O Insurance
Aside from financial protection, E&O insurance offers peace of mind, allowing you to focus on your work without the constant worry of potential legal repercussions. It also supports business continuity, as you can continue operations while dealing with claims. Furthermore, some clients might require proof of E&O insurance before engaging your services, making it a vital component of your professional toolkit.