Dougsbpc Posted February 22, 2008 Share Posted February 22, 2008 It seems our liability insurance (E & O) premiums keep on increasing. We are lucky we have never had any claims in 16 years. Has any plan administrator ever submitted a claim on their E & O insurance? I know much depends on the amount, size of the firm etc., but what happens to the premium? I am guessing a small plan administrator (250 plans) would get one shot. In other words a $6,000 premium may go to $35,000 if any substantial claim is ever made. That is if anyone would ever even insure you after a claim. Just curious as we pay our premium for next year. Link to comment Share on other sites More sharing options...
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