As of 11/5/21, it is $1500. It may go down to $1000 in 2022 since our claim ratio has decreased over the past year and a half.
Our e&o is designed to protect you from the "big stuff." It's like homeowners insurance. It's something you always have and hope to never use. For example, if my kids throw a ball through the window, I'll be at HomeDepot buying a new window. If my roof blows off, I'm calling my insurance company. I hope that makes sense :-)