An Inside Look at E&O

February 5, 2024

Most appraisers who perform fee work do maintain E&O, usually insuring them for at least $500,000 or $1 million per claim. Appraisers carry it for two reasons: First, many appraisers want the legal defense and financial protection provided by E&O in the event of a liability claim relating to their work. After all, mistakes happen, and even if your work is always perfect, there’s the risk of a frivolous lawsuit. And second, appraisers buy it because their clients or AMCs require it; they can’t get work without it.

Learn more about this topic by Peter Christensen as seen on

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Looking to review your current E&O coverage? Contact ASA’s member benefit partner, Association Member Benefits Advisors (AMBA), for more information on their special ASA Professional Liability Program.

Disclaimer: The views, opinions or examples included in the linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.