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E&O Premium Estimator

Get a rough errors-and-omissions premium range from revenue, lines, and claims history.

calculatorPublished 2026/06/07Last verified 2026/06/07

E&O Premium Estimator

Get a rough idea of your errors-and-omissions premium based on revenue, lines written, and claims history.

4

Estimated annual premium range

$3,680 – $5,520

Midpoint $4,600

FactorEffect
Revenue base$4,000
Lines factor1.15x
Claims factor1.00x

This is a rough estimate only, not a quote.

Actual E&O premiums depend on carrier, coverage limits, deductible, state, and underwriting. Request a real quote from a licensed E&O carrier or broker before relying on any number.

FAQs

How much does E&O insurance cost for an agency?
It varies widely. Small agencies may pay a few thousand dollars a year, while larger operations pay far more. Premium scales with revenue, lines written, limits, and claims history. This tool gives a rough range, not a quote.
What raises my E&O premium?
Higher revenue, more lines of business, higher coverage limits, lower deductibles, and recent claims all increase premium. A clean claims history is the biggest lever you control.
Is this estimate a real quote?
No. It is a planning estimate only. Actual pricing comes from a licensed E&O carrier or broker after underwriting your specific operation.
Why do independent agents need E&O coverage?
Independents are personally responsible for professional liability. E&O protects against claims of errors, omissions, or negligence in placing coverage, which can otherwise be financially devastating.

Related Terms

  • Errors and Omissions (E&O) Insurance

    Professional liability insurance for agents and brokers covering claims alleging failure to obtain proper coverage, improper advice, or administrative errors.

  • Litigation Management

    The carrier's structured process for controlling legal defense costs, outcomes, and strategies on claims that have entered the court system.

  • Independent Agent

    A licensed producer representing multiple carriers who places business based on client need and market fit, owning their book of business on commission.

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What this tool does

The E&O Premium Estimator gives agency owners a rough, planning-level range for errors-and-omissions coverage. It scales a revenue-based figure by how many lines you write and your recent claims history. It is a budgeting aid, not a quote.

How to use it

  1. Enter your annual revenue. Premium scales with the size of your operation.
  2. Set the lines of business you write. More lines add exposure and nudge the estimate up.
  3. Choose your claims history. Recent claims raise the factor applied to your base premium.

Carrying adequate errors and omissions coverage is essential protection for every agency. Claims often stem from disputes a strong litigation management process can contain, and an independent agent typically funds this coverage themselves rather than relying on a carrier.

Important caveat

This is a rough estimate only, not a quote. Real E&O premiums depend on carrier, limits, deductible, state, and underwriting. Always request a real quote from a licensed E&O carrier or broker.