homnspector Posted June 24, 2005 Report Share Posted June 24, 2005 My E&O insurance is through FREA. The rates are steadily going up and the deductible has gone from $1000 to $2000. They bump it up $350 per year if you want to pay monthly. Are there any better options out there anybody knows of? I am thinking of switching to a surety bond but am not sure how that works. Any feedback is appreciated. Quote Link to comment Share on other sites More sharing options...
Scottpat Posted June 24, 2005 Report Share Posted June 24, 2005 My FREA rate has stayed the same , but yes the deductible did go up. I wish I could get a $5,000 deductible with a lower rate. I don't know of any better rates for E&O. A surety bond will not pay for your legal defense if you screw up, you are on your own. Quote Link to comment Share on other sites More sharing options...
homnspector Posted June 25, 2005 Author Report Share Posted June 25, 2005 Good point, I hadnt thought about the cost of litigation. Quote Link to comment Share on other sites More sharing options...
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