I was told the rates are rising because of the amount of claims there have been in the last four years. All of these people who get into the business and have no idea what they are doing are causing all of our rates to increase. I have my E&O through State Farm Specialty Products. I have a $1,000,000 policy and pay $1275/yr. cheapest i have found anywhere. You have to have at least 6 years experience in the field and there are a few other qualifications that you need to get the insurance.