Error & Ommission Insurance

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NewtoDEfIEld's picture
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Joined: 2007-09-17

I would like to know how much you guys have to pay for E&O
Insurance. No need to disclose what firm you work for.

The reason that I ask this because I recently sat down for 2 interview
with 2 different firm. Company A said I would have to pay roughly $500
a year for it. Company B said I would be paying about $900 a year for
it.

I also would like to know how do they figure out what you have to pay
for E&O Insurance. I originally thought that an employee with
company B would be paying less for E&O Insurance because Company B
is a better company, better reputation, and offer superior products.

Also, those of you who are Indy. How much do you have to pay for it?
Does it decrease with increase in experience?
Does it decrease after you get your ChFP, or CFP designation?

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