Hello,
Just received a renewal quote for my E & O insurance as a one-person sole proprietor tax preparer.
Quote is $700 (up from $600 last year after no claims) for $1M coverage limit, $1000 deductible.
This seems high.
Few questions...
* Is $1M the right amount of coverage? I'm thinking it is way high.
* Is $700 a reasonable price?
* Can anyone recommend an insurance company or broker with better deals?
I guess the point is I have NO idea what coverage makes sense, how much I should expect to pay for it, and from whom I should buy it.
Thanks,
Debbie