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How much does insurance cost for architects?

The cost of architect insurance depends on the policies you choose, the risks your architect firm faces, and the value of your business equipment. Cost estimates are sourced from policies purchased by Insureon customers.

General liability insurance icon

General liability insurance costs for architects

Architects pay a median premium of $35 per month, or $425 annually, for general liability insurance. This policy protects architects against third-party injuries, third-party property damage and theft, and advertising injuries.

Insureon recommends purchasing a business owner’s policy for more complete coverage. A BOP combines general liability insurance with property insurance, providing protection for your business property along with common risks.

Median cost per year: $425
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about general liability insurance.

Business owner’s policy icon

Business owner’s policy costs for architects

Architects typically pay about $65 per month for a business owner’s policy, or a median annual premium of $790.

A BOP bundles general liability insurance with property insurance, usually at a discounted rate. Pricing is determined by your firm’s location, operations, and value of business property and equipment. This policy may include business interruption insurance, which covers income lost at your business due to an unexpected closure.

Median cost per year: $790
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about business owner’s policy.

Compare architect insurance quotes from top U.S. carriers
Professional liability insurance icon

Professional liability costs for architects

The median cost of professional liability insurance is about $145 per month for architects, or $1,730 annually.

This policy, also known as errors and omissions insurance, protects architects against lawsuits brought by clients claiming that work was inaccurate, late, or never delivered.

Median cost per year: $1,730
Policy limit: $1 million per occurrence
Policy deductible: $2,500

Learn more about professional liability insurance.

Workers’ compensation insurance icon

Workers’ comp insurance costs for architects

The median cost of workers’ compensation insurance for an architecture firm is about $50 per month, or $600 annually. The cost of a policy varies significantly depending on the state and your business operations.

Workers’ compensation insurance is required in almost every state for architecture firms that have employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects business owners against lawsuits related to workplace injuries.

Learn more about workers’ compensation insurance.

Get free quotes and compare policies with Insureon

Insureon’s building design insurance agents work with top-rated U.S. providers to find the best coverage for architects, whether you’re working independently or running a firm with multiple architects and employees. Apply today to compare quotes from multiple carriers with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in business risks for architects.

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