Answered By

The architect of the marketing team Adam is responsible for developing the overall marketing and brand strategy for Founder Shield and affiliates. Hailing from Dublin, Ireland Adam has 8+ years of growth marketing experience and holds a Masters’s in Digital Marketing from Dublin City University and a Bachelor of Commerce from UCD. Before Founder Shield, Adam worked in award-winning agencies developing digital marketing strategies for ambitious high-growth startups. With a passion for UX and a slightly obsessive drive for efficiency, he spends his days conceptualizing ways to improve the Founder Shield client experience.

What Is E&O Insurance Rated On?

Asked by: Sophia A.

Adam Hide
Adam Hide

More often than not, the answer is revenue. Changes in revenue will often be the driving factor for rate change on renewal.
But how is premium initially determined? This depends entirely on the industry. Tech E&O policies may look at revenue in conjunction with monthly average users.

Allied health/malpractice premiums will be guided by the number of covered care providers. A tour guide’s E&O policy may be rated on “hours”: hours per tour x number of customers per tour x number of tours per year.

Post Views 1367