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Errors and Omissions Insurance

Posted: Tue Sep 15, 2009 2:41 pm
by Dave Lindell
I searched all over this board for this topic!

Who/what/where is that company that offers discount insurance for CLSA members?

Posted: Tue Sep 15, 2009 2:48 pm
by E_Page

Posted: Tue Sep 15, 2009 4:26 pm
by Dave Lindell
That's the one!

Thanks, Evan.

Posted: Thu Oct 01, 2009 10:46 am
by land butcher
For curiosity's sake, what are small companies paying for E&O

Posted: Thu Oct 01, 2009 2:34 pm
by Jim Frame
My policy expires in March. In 2008 I paid $4,427.06 for $1M/$2M with a non-admitted carrier (Lloyd's of London) brokered by Hall & Company. In 2009 I was quoted $5,976.21 to renew. I found another carrier (Darwin Select, brokered by Assurance Risk Managers) who quoted $4,060.26, so I switched. There were some differences between the policies in terms of the way defense costs are allocated, but they were minor compared with the difference in premiums.

I've dealt with both brokers over the years, and both are good. My E&O choice this year was based solely on premium.

.

Posted: Mon Oct 05, 2009 4:02 pm
by land butcher
Im not sure of your deductibles, but it always amazed me how clients want E&O with $1 million in coverage with a $50K deductible for a $2500 topo survey.