Save Big Now Get Architect Engineer E&O Insurance
Cost Considerations and Savings Opportunities
The cost of E&O insurance varies based on several factors, including the size of your firm, the types of projects you undertake, and your claims history. On average, small to mid-sized firms can expect to pay between $1,000 and $3,000 annually for coverage1. However, there are ways to reduce these costs and save significantly.
One effective strategy is to bundle your E&O insurance with other business policies, such as general liability or commercial property insurance. Many insurers offer discounts for bundled policies, which can lead to substantial savings. Additionally, maintaining a clean claims history and implementing robust risk management practices can also lower your premiums over time.