How much for E&O?

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Dec 7, 2009 11:02 pm

How much do you guys spend on E&O insurance?


Dec 8, 2009 12:16 am

$2650 I think broken up quarterly.  I’m at large Indy.

Dec 8, 2009 12:51 am

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?

Dec 8, 2009 3:05 am

[quote=iceco1d] $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.

[/quote]



Ice,



What is your coverage for that amount?

Dec 8, 2009 3:06 am

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?

Dec 8, 2009 3:15 am

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.