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Cost Considerations
The cost of E&O insurance varies based on several factors, including your location, years of experience, and the size of your business. On average, insurance agents can expect to pay between $500 and $1,000 annually for a basic policy1. However, it's crucial to obtain quotes from multiple providers to compare coverage options and prices. Many insurers offer discounts for agents who bundle E&O insurance with other types of business insurance, such as general liability or cyber liability insurance2.