Best Errors and Omissions Insurance

We analyzed the top providers and found NEXT offers best errors and omissions policy with a MoneyGeek score of 4.73 out of 5 and a monthly rate of $72 ($6/mo in savings). If you're looking for other options that have good reputations and low E&O rates, The Hartford, Simply Business and Coverdash are also worth considering.

Note: We gathered these rate estimates by analyzing small businesses with two employees across 79 major industries in September 2025. Your actual premium will depend on your business location, industry risk factors, claims history, coverage limits and each insurer's underwriting criteria. State regulations can also affect availability and pricing. Contact insurers directly for quotes for your specific situation.

We found that NEXT has the best professional liability coverage at the state level, ranking first in all 50 states. The Hartford ranks second in 48 states, while Simply Business takes second place in Alaska and Hawaii. This pattern shows remarkable consistency across different state regulations and market conditions for E&O coverage.

We found that NEXT has the best professional liability coverage at the state level, ranking first in all 50 states. The Hartford ranks second in 48 states, while Simply Business takes second place in Alaska and Hawaii. This pattern shows remarkable consistency across different state regulations and market conditions for E&O coverage.

When your work involves giving advice or delivering services that could impact client finances, E&O insurance protects you from lawsuits, with coverage limits ranging from $1 million for small practices to $5 million for complex work. NEXT leads our rankings, with The Hartford and Simply Business close behind. To find your best rate, you'll want to document your professional risks, put quality controls in place and choose the right deductible and payment terms.

MoneyGeek provides answers to frequently asked questions about the best errors and omissions insurance:

Your professional advice puts you at risk in ways that regular business insurance won't cover. We built our research around how you'd actually shop for E&O coverage and what matters most when you face a claim.

Research Sample

Our rate analysis covered 79 professional industries, pulling quotes for a standard two-employee practice earning $300,000 annually with $150,000 in payroll. We used $1 million per occurrence and $2 million aggregate coverage limits, which is what most clients require in their contracts while staying affordable for your practice.

How We Scored Each Provider

• Affordability (50%): We compared rates across multiple insurance types since you need comprehensive coverage beyond just E&O.
• Customer Experience (30%): E&O claims often drag on for months with complex professional disputes. We measured how fast insurers handle claims and resolve issues using J.D. Power ratings, state complaint data and agency scores.
• Coverage Options (15%): We looked at policy customization for different professions since your risks as a financial advisor are completely different from an architect's exposure.
• Financial Strength (5%): We checked insurer stability through AM Best ratings and company longevity to make sure they'll pay your claims years from now.

By using the same business profile across all insurers, you can see which companies offer you the best combination of rates and service for your specific situation.