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Financial Considerations and Pricing
The cost of E&O insurance for roofers can vary based on several factors, including the size of your business, your location, and your claims history. On average, roofers can expect to pay between $500 and $1,000 annually for a standard E&O policy2. However, it's important to weigh the cost of insurance against the potential financial impact of a lawsuit. Many insurers offer flexible payment plans and discounts for businesses with a clean claims history, making it easier to manage the expense.