how to choose an e o policy
the right choice for an e o policy depends on the nature of your business and the risks you want to insure many e o policies are designed to cover a specific occupation such as attorneys accountants or real estate agents when choosing a policy be sure it covers the kind of business you operate some e o policies cover additional risks common to businesses in many occupations an example is employment practices liability insurance which covers claims against businesses that result from workplace violations such as discrimination and wrongful termination like any insurance your e o policy will be a tradeoff between cost and the amount of protection policies that offer more coverage typically cost more when comparing policies check both the per occurrence limit and aggregate limit the per occurrence limit is the most the policy will pay per lawsuit claim and the aggregate limit is the most the policy will pay total for example an e o policy might offer 250 000 per incident and up to 1 million aggregate 5