E&O Insurance Post

[whandley]

Hey Jeff;

You and I appear to have similar activity levels. What rate are you paying for a "Claims Made" policy at FREA?

I'm at about $3600.00 for Premium Occurance with Allen Insurance.

[Justin Watts]

Hey Guys,
One thing to watch out for with any Policy.... On your General Liability, make sure you purchase a "separate" policy with another insurance carrier otherwise an add-on to your E and O policy will possess the same LIMIT.

Why give an insurance company money to have less protection.... Since most General Liablity Insurance policies are around $500 regardless.... maybe a little cheaper, but less protection with a combined limit.

[Mike Hazelwood]

I am shopping right now, Allen ins. policy is shooting up approx. $1000 per year. They said it was due to the change in their underwriters.

First Indemnity Insurance Services
John Remark Agent (First Mercury Insurance Co is the carrier)

500k/1mil $1000 ded for $2808.26 after taxes & fees
Includes
1st dollar defense
commercial upto 300k sq.ft. (except restaurants)
referral Endorsement
pools & spas (100k sublimit)
General Liability
Also includes some other things but I am listing the important stuff.

RiskPro

500k/1 mil $2500 ded for $2750 no clear if this includes taxes & fees

Their qoute does not clearly state if coverage includes:
commercial
referral endorsement
pools/spas
general Liability

I am thinking of signing with First Indemnity Insurance Services (John Remark). Has any one heard of or dealt with them? Their website is www.homeinspectorliability.com

[Jeffrey R. Pope]

I'm at $3,100 [back in March '08] with FREA. RiskPro quoted me a rate of $2,750 for the same coverage.

They also offer a great GL policy with equipment riders, although it was a bit pricey. I'm will sign up for the GL plus riders through them, just for piece of mind, but I haven't made up my mind yet on the E&O.

[Justin Watts]

Anyone signing up with stand-alone... General Liability insurance policies???? Prices have skyrocked out here in California... $900 with the Hartford... a lot of companies not writing stand alone GL?!?!?!.....

Any advice, input let me know..... I just signed up with GREIA E and O for 1 million, $2500 deductible, only $1700 per year!!!! not bad... but gotta find GL coverage now??!?!!?

I used to only pay $500 for stand alone GL... those days seem to be over!

[Justin Roberts]

I have Colony Ins. the agent is Pynn Ins. in Murrieta.

$1500 year w/$1500 deductible
$1m E&O/$1m GL

[Justin Watts]

Justin,
Wow! Sounds very competitive! $1500 for (both) E and O and GL... 1 million. How are the policy exclusions... are there any such as pool/spa, commercial, etc. etc. ??