The answer to this question can be complicated, but you can find more information on this subject at the following link: Insurance Information Institute. Generally speaking, if you offer a professional service, you probably have an exposure that requires E&O insurance to cover.

E&O insurance is also referred to as errors and omissions, professional liability, malpractice, etc.

Minimum premiums vary widely between classes of business. Below are "ballpark" minimum premiums for some of the classes of business we write:

• Accountants, Bookkeepers, etc.: $300 a year
• Architects/Engineers: $1,000 a year
• Lawyers: $750 a year

Note: Minimum premiums can vary between states, type of work you are involved in within your profession, etc.

Once we receive your completed application, the information is submitted to our companies for review. In some instances there may be a few more questions that we will contact you about, but in most cases we can obtain quotes with the information provided. Quotes are generally received within 2-5 days (Longer if the risk is more complex, such as aerospace engineering). As soon as we have quotes back from each company, we will send you the top 2 or 3 proposals we have, along with a comparison of the coverage and cost of each. If you would like to see the proposals as we receive them, please let us know.