Eliminate Risk Forever with Architect Engineer E&O Insurance
Cost Considerations
The cost of E&O insurance can vary based on several factors, including the size of your business, the scope of your projects, and your claims history. On average, small firms can expect to pay between $1,000 and $3,000 annually for coverage, though this can differ based on the specifics of the policy and the provider3.
It's worth noting that many insurance providers offer discounts or bundled deals for businesses that purchase multiple types of coverage. For example, combining E&O insurance with general liability or workers' compensation insurance might result in cost savings. Be sure to visit websites of various providers to compare rates and explore these options.