Errors and Omission is under $1mill; most asset management co. are ok with $500,000 and a lot of them services the same banks as other asset management companies that requires $1mill E / O.
Why can't they accept my E&O at $500,000 ???
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Not sure where you're located, I'm in the North East. I doubt the cost will be too much higher as long as you haven't had any issues. Unfortunate cost of doing business.
ROODY CASSEUS > Curtis C DarraghMay 1, 2012 at 6:27am
I'm located in Brooklyn, NY. - where are you located?
Replies
Hi Roody, all my asset managers have required 1 million. I've found that's pretty common to require 1 million.
My E/O expires in 2 months; I think I'll upgrade.
Not sure where you're located, I'm in the North East. I doubt the cost will be too much higher as long as you haven't had any issues. Unfortunate cost of doing business.
I'm located in Brooklyn, NY. - where are you located?
Can't an exception be made?