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Factors Influencing D&O Insurance Costs
The cost of D&O insurance for staffing firms can vary based on several factors. These include the size of the firm, the industry sector, the firm's claims history, and the level of coverage required. Typically, smaller firms might see annual premiums ranging from $5,000 to $10,000, while larger firms might pay significantly more1. It's crucial for firms to assess their specific needs and risks to determine the most appropriate level of coverage.