Find professional liability insurance quotes
Save money by comparing insurance quotes from trusted carriers.
Choose from the nation's best insurance providers
Best professional liability insurance for small businesses
Professional liability policies vary in terms of coverage, cost, and the financial stability of the insurer. When choosing a provider, look for one that specializes in your profession, has a strong reputation, and offers policies that match your business's needs and budget.
What are some of the best companies selling professional liability insurance in 2026?
Factors such as the professional services you offer, your location, and your budget will determine the best carrier when buying professional liability insurance, also called errors and omissions insurance (E&O) or malpractice insurance.
Insureon is the #1 digital agency for small business insurance, partnering with 40+ U.S. insurance providers to find the best insurance coverage for your needs. We've helped over 450,000 small businesses get protected with more than 1.8 million policies.
When you compare quotes with our free application, we do the work for you by retrieving quotes from the insurers that best match your business needs. The most important factors are:
- Best-rated professional liability insurance companies, in terms of financial strength
- Best providers for your industry
- Best providers for your business's location
Some providers specialize in professional liability insurance for certain professions, and others operate only in limited regions of the country. All of our insurance partners are rated excellent or superior by AM Best, a global credit rating agency specializing in the insurance industry.
Find professional liability insurance quotes
Get business insurance that meets your needs
View video transcript.
As a small business owner, you know it’s important to work with first-rate carriers when it comes to choosing the best small business insurance. With Insureon, you'll get free quotes from top-rated insurers. And our expert agents can answer any questions you have.
While every small business is different, many companies share similar risks. Insureon offers the best business insurance coverage at affordable costs.
Most small businesses require general liability insurance for common business risks, such as bodily injury and customer property damage.
For businesses looking to save money, a business owner's policy, or BOP, bundles general liability coverage and commercial property insurance into one policy.
Unhappy clients? Professional liability insurance, also known as errors and omissions, helps cover your legal expenses in event of a lawsuit.
Required in most states, workers’ compensation insurance assists with work-related injury costs and lost wages.
Do you handle customer data and information? Cyber liability insurance covers financial losses resulting from data breaches and cyberattacks.
If your business owns vehicles, then you probably need commercial auto insurance. It’ll cover legal bills, medical expenses, and property damage to company-owned vehicles.
With so many companies offering nationwide coverage, there's no shortage of insurance options. Insureon can help match you with the right A-rated insurance providers. Insureon is your number one marketplace for small business insurance.
Best-rated professional liability insurance companies
When buying professional liability insurance with Insureon, you'll get quotes from some of the biggest names in the industry. We do the research for you, providing customized quotes only from those carriers who match your risks.
Keep in mind, the cheapest policy isn't always the best choice, as coverage options differ by more than price alone.
Based on financial strength and overall rating, our top carriers for professional liability include:
The Hartford
CM&F Group
- AM Best rating: A++
- Customer rating: 99% satisfaction rate
- Coverage area: Nationwide
Chubb
- AM Best rating: A++
- Customer rating: 98% satisfaction rate
- Coverage area: Nationwide
Travelers
- AM Best rating: A++
- Customer rating: 98% satisfaction rate
- Coverage area: Nationwide
Philadelphia Insurance Companies (PHLY)
- AM Best rating: A++
- Customer rating: 97% claims satisfaction
- Coverage area: All states except Louisiana
How much does professional liability insurance cost?
The average cost of professional liability insurance for small businesses is $88 per month. Annual premiums range from $380 to $7,400 per year.
Underwriters will look at several factors when calculating your price, such as:
- Type of business
- Business location
- Size of your business
- Years of experience
- Policy limits and deductible
- Coverage options and exclusions
- History of professional liability claims
Verified professional liability coverage reviews
Hear from customers like you who purchased professional liability insurance.
Best professional liability insurance providers by industry
Professional liability insurance covers risks that are specific to your work, such as accusations of professional negligence or failure to meet a standard of care. Because of that, it's important to choose a carrier that specializes in coverage for your profession.
The right carrier can help make sure you're covered for the relevant risks, whether you're a business owner with employees or an independent contractor. In fact, some only cover certain types of professionals.
Here are the recommended providers of professional liability insurance for our top industries:
IT / technology professionals
The Hartford and PHLY are reliable providers of professional liability insurance for tech companies. In this industry, the policy is called errors and omissions insurance, and it's often bundled with cyber insurance in a package called tech E&O insurance.
Tech E&O extends the protection offered by professional liability insurance to include mistakes or negligence that lead to a cybersecurity breach at a client's business. It also covers legal costs if a client sues your business for financial losses caused by a downtime of your IT services, or lost data caused by an issue with your cloud services.
Consultants
The top insurance providers for consultants are Hiscox, PHLY, and The Hartford.
Businesses often depend on consultants to help them optimize their processes and their profits. However, that means they can get blamed if the company loses money after implementing their recommendations.
Professional liability insurance helps consultants recover from costly legal battles if a client decides to sue them over financial losses related to their advice. It also covers frivolous lawsuits filed by dissatisfied clients looking to recoup their losses.
Healthcare professionals
Healthcare professionals, including mental health professionals, often rely on Hiscox for the right professional liability insurance. In this field it's called medical malpractice insurance.
Another dependable provider is CM&F Group, which offers malpractice policies written by The Medical Protective Company (the name you'd see on your policy).
Professional liability insurance doesn't typically cover bodily injuries, but malpractice insurance does cover claims that your professional work worsened a patient's condition or caused an injury. For instance, it would cover a lawsuit accusing a nurse of poor patient care that led to bed sores.
Accountants
Accountants often look to Hiscox, The Hartford, and Berkley Management Protection (BMP) for their professional liability coverage.
This policy can cover legal costs when a client claims your advice caused them to lose money, or if you miss the deadline for filing a tax form. It can help pay for attorney's fees and court costs, along with judgments and settlements.
Engineers
Engineers often rely on The Hartford, Hiscox, and Beazley for their professional liability insurance coverage.
Negligence accusations can be a big problem for engineers and architects, especially for high cost projects. A mistake in the structural integrity of a building or its design could cost a client hundreds of thousands of dollars.
Even if you're not directly responsible, you might face a lawsuit as a way for a client to recoup their losses.
Top professions that need professional liability insurance
Top companies by state
In some cases, your state can be a relevant factor when buying professional liability insurance. Many insurance providers sell policies nationwide, but some cover only a limited area that might not include your business's location.
These are the carriers that sell the most professional liability policies for Insureon's customers in our top states:
| State | Top 3 professional liability insurance companies |
|---|---|
The Hartford Hiscox PHLY | |
The Hartford Hiscox CM&F | |
The Hartford PHLY Hiscox | |
The Hartford PHLY Hiscox | |
The Hartford PHLY CM&F |
Find professional liability insurance quotes
What are the risks of not having professional liability insurance coverage?
Going without professional liability coverage could result in fines, penalties, or the loss of your license in a state where it's required.
Perhaps most importantly, a professional liability policy can make the difference between withstanding a lawsuit and going about your work, versus having to potentially shutter your business due to legal costs.
You might need professional liability coverage to fulfill the terms of a contract or to work at a specific facility. Everything from real estate agencies to hospitals, therapy businesses, and law firms can require this coverage for their workers.
Professional liability insurance covers lawsuits related to:
- Breach of contract
- Missed deadlines
- Mistakes and oversights
- Misrepresentation
When you carry this policy, your business is protected against legal defense costs, which gives peace of mind to both you and your clients. Potential clients might even choose your company over a competitor who is uninsured.
General liability insurance
General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.
Business owner’s policy
A business owner’s policy (BOP) bundles general liability insurance with commercial property insurance. It typically costs less than if the policies were bought separately.
Workers’ compensation insurance
Workers’ compensation insurance covers medical costs and lost wages for work-related injuries and illnesses. This policy is required in almost every state for businesses that have employees.
Commercial auto insurance
Commercial auto insurance covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.
Cyber insurance
Cyber liability insurance, also called cybersecurity insurance, protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines.
How do I find the right professional liability insurance?
It's easy to get a professional liability insurance policy with Insureon. Fill out our online application to receive quotes from trusted providers.
Our expert insurance agents can help you find the right insurance solutions for your business needs and your budget, including appropriate coverage limits and endorsements.
Most small business owners can get same-day coverage and easily download a certificate of insurance (COI) as soon as they purchase their policy.
Updated: March 6, 2026
The figures on this page are the median cost of policies purchased by 40,000 of Insureon's customers. The median offers a better estimate of what your business is likely to pay because it excludes high and low outliers. Most of our customers have five years or less in business, fewer than five employees, and annual revenue ranging from around $50,000 to more than $200,000.
EXPLORE ON INSUREON
SHARE THIS ARTICLE
Want free expert advice right in your inbox?
By entering your email address and subscribing, you agree to our Terms of Use and Privacy Policy