How much do you guys spend on E&O insurance?
I'm seeing more and more ria's dropping e& o and going with no coverage. Most of them have had an issue, only to have the e&o not cover it.
Anyone here have the balls (or brains) to do it?
$1,000/year if you pay it in 1 payment AND run your insurance business through the grid.$1,400/year if you pay it in 1 payment, BUT you run your insurance business direct.Slightly more in both cases if you pay monthly.
What is your coverage for that amount?
pay $2400 annually... my old bd was around $2900... Have a friend at LPL who has to pay E&O and then extra E&O for insurance products... get this the deductible on the insurance e&o $50K.. what is the point?
I currently have E&O for insurance, comprehensive, life, health, di, and mutual fund business.
i will be switching it to a calsurance, that is for the entire RIA, to cover it all for about 1.5k a year.