Requesting information on Errors and Omissions (E&O) Insurance

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rance

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Joined: Thu Jan 03, 2008 5:24 pm

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Post Sun Oct 23, 2011 8:24 am

Requesting information on Errors and Omissions (E&O) Insurance

Folks,

I'm about to get involved in some interdependent pen tests.  I'm getting a contract together, but I also need to get this E&O insurance.  If anyone has any guidelines about what to "shop" for, and what I might expect to pay, I'd certainly appreciate it.

Thanks, and Groovy vibes to all!  8)
Poking at security since 1986.  +++ATH
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venom77

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Post Tue Oct 25, 2011 10:04 am

Re: Requesting information on Errors and Omissions (E&O) Insurance

Depends where you are geographically, as rates differ. Plus it depends on what amount of coverage you want (or need) to carry. For example, for PCI ASV's there are specific requirements for insurance.

Last I checked in my area (Detroit, MI), these were the approximate rates I was given:

1M/1M = $1,100
2M/2M = $1,600
3M/3M = $2,100

In addition to E&O insurance, those prices also included business income, liability, and property insurance ($50K, 1M/2M, and $25K respectively).

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