Are you paying too much for E & O insurance?

How much are you paying for E & O insurance? Are you paying per transaction, or annually? Do you know your policy coverage?

My company charges our 100% commission agents $105 per deal and they only pay when they close a transaction. Agents that do splits with the company does not pay. We have coverage of $1million. The company we insure with also have risk management where you can talk with an attorney before things get out of hand. For an independent broker like me, this is very helpful.