Start by making the quotes comparable

Confirm that both quotes use the same liability limits, deductible or retention, retroactive date, insured entities and professional services.

Look for coverage that moved into a sublimit

A quote can appear similar while important coverage is capped at a much smaller amount. Fair housing, cyber, disciplinary proceedings or other features may be sublimited depending on the form.

Check exclusions and endorsements

One carrier may exclude an activity another includes, or restore coverage through a specific endorsement.

Real estate E&O exclusions to review →

Protect claims-made continuity

A modest premium savings can become expensive if a carrier change disrupts prior-acts protection or creates a gap in reporting rights.

Changing E&O carriers →

Defense costs can change the value of the same limit

If legal defense reduces the liability limit, the amount left for a settlement or judgment can shrink as the claim develops.

Defense costs inside vs. outside the limit →

ECLICK broker perspective

We are comfortable recommending a lower-priced quote when the policy still fits the client. What we avoid is treating a lower number as a better deal before comparing the wording that sits behind it.

Reviewed by Marwan Nassar, broker/owner of ECLICK Business Insurance Services.