Author Topic: E&O Insurance  (Read 276 times)

Tameka79

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E&O Insurance
« on: June 19, 2017, 08:04:36 AM »
Good Morning,

Is there a recommended amount of E& O insurance you should have?


Michele

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Re: E&O Insurance
« Reply #1 on: June 21, 2017, 10:03:10 AM »
It would depend on how big your company is (or plans to be) and the average size of your clients.  $1,000,000/$3,000,000 is usually plenty for most average sized billing companies.
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Tameka79

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Re: E&O Insurance
« Reply #2 on: June 22, 2017, 09:15:37 PM »
Thank you Michelle. I was thinking about getting $250,000/$1,000,000.

Michele

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Re: E&O Insurance
« Reply #3 on: June 24, 2017, 06:19:19 PM »
That is probably fine.  Personally I feel the $1,000,000/$3,000,000 is high for most billing companies, but when I researched it that was the number that was considered average.
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