NEXT Insurance leads in MoneyGeek's study of the best errors and omissions insurance providers, earning top marks for affordability and comprehensive coverage options. The Hartford, Simply Business and Progressive Commercial also rank as excellent choices for professional liability coverage.
Best Errors and Omissions Insurance
Updated: July 17, 2025
Advertising & Editorial Disclosure
Key Takeaways
NEXT Insurance, The Hartford and Simply Business ranked as the top professional liability insurers in MoneyGeek's study.
The best errors and omissions insurance depends on your industry risks, preferred policy management experience and budget.
To get the best E&O insurance, compare quotes, research carriers' reputations and ask about discounts.
Best Errors and Omissions Insurance Companies
NEXT Insurance | 4.73 | $72 |
The Hartford | 4.70 | $72 |
Simply Business | 4.51 | $76 |
Progressive Commercial | 4.44 | $75 |
Coverdash | 4.44 | $78 |
BiBerk | 4.42 | $79 |
Nationwide | 4.40 | $82 |
Hiscox | 4.39 | $77 |
Thimble | 4.37 | $76 |
Chubb | 4.20 | $89 |
LEARN MORE ABOUT ERRORS AND OMISSIONS INSURANCE
New to errors and omissions insurance or looking for budget-friendly options? These guides can help you find financial protection for your small business:
Best Errors and Omissions Insurance By State
Our analysis found that NEXT Insurance has the best errors and omissions insurance across all 50 states. The Hartford ranks second in 48 states for professional liability coverage.
| Alabama | NEXT Insurance | 4.73 |
| Alaska | NEXT Insurance | 4.70 |
| Arizona | NEXT Insurance | 4.73 |
| Arkansas | NEXT Insurance | 4.76 |
| California | NEXT Insurance | 4.73 |
| Colorado | NEXT Insurance | 4.71 |
| Connecticut | NEXT Insurance | 4.74 |
| Delaware | NEXT Insurance | 4.76 |
| Florida | NEXT Insurance | 4.73 |
| Georgia | NEXT Insurance | 4.71 |
| Hawaii | NEXT Insurance | 4.72 |
| Idaho | NEXT Insurance | 4.74 |
| Illinois | NEXT Insurance | 4.70 |
| Indiana | NEXT Insurance | 4.76 |
| Iowa | NEXT Insurance | 4.75 |
| Kansas | NEXT Insurance | 4.71 |
| Kentucky | NEXT Insurance | 4.70 |
| Louisiana | NEXT Insurance | 4.74 |
| Maine | NEXT Insurance | 4.74 |
| Maryland | NEXT Insurance | 4.71 |
| Massachusetts | NEXT Insurance | 4.71 |
| Michigan | NEXT Insurance | 4.73 |
| Minnesota | NEXT Insurance | 4.69 |
| Mississippi | NEXT Insurance | 4.73 |
| Missouri | NEXT Insurance | 4.74 |
| Montana | NEXT Insurance | 4.73 |
| Nebraska | NEXT Insurance | 4.72 |
| Nevada | NEXT Insurance | 4.74 |
| New Hampshire | NEXT Insurance | 4.74 |
| New Jersey | NEXT Insurance | 4.70 |
| New Mexico | NEXT Insurance | 4.72 |
| New York | NEXT Insurance | 4.76 |
| North Carolina | NEXT Insurance | 4.74 |
| North Dakota | NEXT Insurance | 4.74 |
| Ohio | NEXT Insurance | 4.75 |
| Oklahoma | NEXT Insurance | 4.70 |
| Oregon | NEXT Insurance | 4.75 |
| Pennsylvania | NEXT Insurance | 4.73 |
| Rhode Island | NEXT Insurance | 4.71 |
| South Carolina | NEXT Insurance | 4.72 |
| South Dakota | NEXT Insurance | 4.73 |
| Tennessee | NEXT Insurance | 4.70 |
| Texas | NEXT Insurance | 4.73 |
| Utah | NEXT Insurance | 4.76 |
| Vermont | NEXT Insurance | 4.71 |
| Virginia | NEXT Insurance | 4.70 |
| Washington | NEXT Insurance | 4.69 |
| West Virginia | NEXT Insurance | 4.72 |
| Wisconsin | NEXT Insurance | 4.69 |
| Wyoming | NEXT Insurance | 4.72 |
Best Errors and Omissions Insurance Reviews
Our errors and omissions insurance reviews highlight the top three providers that excel in different areas for small business owners.
NEXT Insurance: Best Overall
pros
Ranked first overall in MoneyGeek's research
Provides excellent experiences for digital use and policy management
Offers competitive rates
Available in all 50 states
cons
- Ranks lower than other carriers in claims processing
- Newer in the industry (founded in 2016)
COMPANY HIGHLIGHTS
NEXT Insurance changed small businesses insurance by using AI technology. Everything's digital, so you can handle your policy online 24/7. It has an A- rating from AM Best, which measures financial stability, and Munich Re's $2.6 billion acquisition in March 2025 strengthened NEXT's financial backing.
For small business owners seeking E&O insurance, NEXT is an affordable option, with our research putting its monthly rate at $72. Current customers are satisfied, likely to renew their policies and recommend it to others.
The Hartford: Best for Affordability
pros
Ranked second overall in MoneyGeek's research
Offers the most affordable rates nationwide
Best claims process ranking among competitors
More than 200 years of experience in the insurance industry
cons
Ranks last for digital experience
Policy management ranked lower than other carriers
COMPANY HIGHLIGHTS
The Hartford has been around since 1810 and built its reputation on helping customers through major disasters, including the 1835 New York Financial District fire, when leadership pledged personal fortunes to pay claims. The company maintains an A+ Superior rating from AM Best, reflecting its financial strength.
The Hartford offers competitive rates, with a monthly average rate of $72 ($858 annually). It operates in 48 states (excluding Alaska and Hawaii) primarily through independent agents and brokers. While the traditional agent model may lack digital convenience, customers benefit from personalized service and expertise.
Nationwide: Best for Landscaping Businesses
pros
Second-best policy management among insurers studied
Has an A rating from AM Best
Nearly 100 years of business experience in insurance
cons
Ranks low for digital experience
Average rates are higher than other providers
COMPANY HIGHLIGHTS
Nationwide started as Farm Bureau Mutual Automobile Insurance Company in 1926. Today it maintains an A rating from AM Best, reflecting strong financial backing after nine decades in business. Nationwide operates in 46 states through independent agents, offering personalized service but potentially slower digital processes for busy landscape contractors.
Unlike general liability that covers physical injuries, E&O insurance provides financial protection when poor planning or missed project deadlines result in costly do-overs. Landscaping businesses face unique E&O risks from design mistakes, improper installations or faulty advice that cause client financial losses.
How To Get The Best Errors and Omissions Insurance
The best errors and omissions insurance protects your business financially from professional liability claims while letting you stay within budget. To find the best deal, follow these steps:
- 1
Identify your professional liability risks.
Think about claims clients file in your profession or industry. If you're an architect, design flaws could lead to construction delays or safety issues. Understanding your work's specific risks helps you choose appropriate coverage.
- 2
Decide on your coverage limits.
Your coverage amount should reflect your business's financial exposure. For example, a small consulting firm might choose $500,000 in financial protection, while larger engineering companies often need $5 million or more. Base your decision on client contract values, potential claim sizes and your company's assets.
- 3
Compare quotes from multiple insurers.
Get quotes from at least three insurance companies and compare their coverage and exclusions. IT professionals should verify that policies include cyber liability protection and cover work completed before the policy's effective date. Compare both premium costs and coverage terms to find the best value.
- 4
Research insurer quality and service.
Financial stability matters, but customer service quality matters just as much. Check each insurer's AM Best rating for financial strength, then read customer reviews about their claims handling process. Some business owners like the convenience of online services, while others prefer a more personal approach.
- 5
Secure discounts and finalize coverage.
Bundle your E&O insurance with general liability coverage or workers’ compensation insurance to earn multi-policy discounts. Annual premium payments typically cost less than monthly billing. Many insurers also offer discounts for completing risk management training programs or maintaining clean claims records.
Best Errors and Omissions Insurance: Bottom Line
MoneyGeek's research found NEXT Insurance, The Hartford and Simply Business as the top errors and omissions insurance companies, though the best for you depends on industry-specific risks, preferences and budget constraints. Start by comparing quotes from multiple carriers, researching their financial stability and customer satisfaction, then ask about available discounts to maximize savings.
Best Errors and Omissions Insurance Companies: FAQs
MoneyGeek provides insights to frequently asked questions about the best errors and omissions insurance:
What is E&O insurance?
E&O insurance is professional liability coverage protecting businesses when clients claim your advice caused financial losses. Coverage includes judgments, legal defense costs and settlements for mistakes like missed deadlines or design flaws. Most policies provide coverage limits that meet standard client contract requirements for professional services.
Is E&O coverage included in a BOP insurance?
E&O coverage is typically not included in a standard Business Owner's Policy (BOP) insurance. BOP policies combine general liability and commercial property insurance but exclude professional liability coverage. You’ll need separate E&O insurance to protect against professional mistakes and negligence claims. Some insurers offer BOP endorsements that add professional liability coverage for an additional cost.
What is the best E&O insurance in California?
NEXT Insurance provides the best E&O insurance in California, which requires professional liability insurance for many licensed professionals.
How much does E&O insurance cost?
According to MoneyGeek's analysis, E&O insurance costs an average of $72 to $89 monthly. NEXT Insurance and The Hartford offer the most affordable rates, at $72 monthly for standard coverage. Your actual rate depends on your profession, business size, claims history and coverage amount.
What are the risks of not having E&O insurance?
Without E&O insurance, you're personally liable for all legal defense costs, settlements, and judgments from professional liability claims. A single client lawsuit can cost thousands in legal fees, even if you win. Your business assets and personal finances are at risk from professional negligence allegations.
What does E&O insurance cover?
E&O coverage includes legal defense costs, settlements and court judgments up to your policy limits. Common covered claims include missed deadlines, design errors, faulty advice and professional negligence. Most policies include prior acts coverage for work completed before your policy's effective date.
Which E&O insurance company has the best customer service?
NEXT Insurance provides the best customer service for E&O insurance, with its 24/7 digital access and AI-powered policy management. The Hartford ranks second and is also a good option for those who prefer traditional support.
How We Scored the Best E&O Insurance Companies
Errors and omissions insurance protects your business financially when clients claim your professional advice led to losses. The best E&O policy shields your business from costly lawsuits while fitting your budget.
Our Research Approach
We gathered thousands of errors and omissions quotes from 79 industries using a two-employee business with $300,000 annual revenue and $150,000 payroll. Coverage included $1 million per claim and $2 million aggregate limits, standard amounts that meet most client contract requirements.
Our Scoring Model
Affordability (50%): We compared each company's rates across all four insurance types, focusing on businesses that need multiple coverage types.
Customer Experience (30%): When clients file E&O claims, response time matters. We measured claims handling using J.D. Power ratings, complaint data and agency ratings.
Coverage Options (15%): We assessed coverage breadth, policy limits and customization options for different professional services.
Financial Strength (5%): We evaluated stability using AM Best ratings, financial reports and business longevity.
Errors and omissions claims can drag on for months, making reliable claims handling crucial for business survival. By testing identical business profiles, you can see how rates and services compare for businesses like yours.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- AM Best. "AM Best Affirms Credit Ratings of The Hartford Financial Services Group, Inc. and Its Subsidiaries." Accessed July 17, 2025.
- AM Best. "AM Best Places Credit Ratings of Next Insurance US Company Under Review With Positive Implications." Accessed July 17, 2025.
- ERGO. "ERGO Successfully Finalizes The Full Acquisition Of Next Insurance." Accessed July 17, 2025.
- Nationwide. "Company Ratings." Accessed July 17, 2025.
- Nationwide. "Corporate History." Accessed July 17, 2025.
- The Hartford. "Our History." Accessed July 17, 2025.