Back to Basics - Comparing E&O Deductible Types

31 August 2022

31 August 2022,

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Errors and omissions insurance has two different types of deductibles. The first type, Loss & Expense (L&E), is included automatically. The second type, First Dollar Defense (FDD), requires additional underwriting and can be purchased for an additional charge.

Remember: Seemingly frivolous lawsuits must be defended. A small matter could exceed $25,000 in defense costs depending on how long the case remains open. We can help if you already have a policy in place, contact us and speak with a TIAC professional.

This information is provided for the purpose of illustration. The coverage provided is that set forth in the terms, conditions, and limitations of the policy of insurance.