Awasome How Much Is Errors And Omissions Insurance Ideas. Chubb serves all fifty states and they provide comprehensive coverage to engineers and architects/designers. Errors and omissions insurance costs average between $500 to $1,000 per employee, per year.

Web a policy with a $2 million limit will likely cost more than a policy with a $1 million limit. The cost varies for small businesses depending on their types of risks and the coverage they choose. And an architect pays $1,730 a year or $145 a month for a similar policy.