ERGO NEXT leads Alaska's professional liability insurance market with superior ratings, reliable service and user-friendly digital tools. The company also ranks as the cheapest professional indemnity insurer in the state, charging $67 per month and saving customers $3 compared to Alaska's average rates. Simply Business, Coverdash, biBerk and Progressive round out the top tier of providers worth evaluating for top errors and omissions insurance in Alaska.
Best Professional Liability Insurance in Alaska
Get AK professional liability insurance quotes starting at $25 monthly from MoneyGeek's top companies like ERGO NEXT, Simply Business and Coverdash.
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Updated: February 1, 2026
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Professional Liability Insurance in Alaska: Key Takeaways
ERGO NEXT provides both the best professional liability insurance and most affordable coverage in Alaska at $67 monthly (Read More).
Professional liability insurance costs in Alaska average $70 monthly or $840 yearly, placing the state among the more affordable options nationally (Read More).
Professional liability insurance protects Alaska businesses from financial losses due to professional mistakes, missed deadlines and client negligence claims (Read More).
Alaska doesn't mandate professional liability insurance for most businesses, though health care professionals and other regulated industries often face requirements (Read More).
Alaska business owners should request small business insurance quotes from multiple providers to secure optimal professional liability coverage at competitive rates (Read More).
Best Professional Liability Insurance Companies in Alaska
| ERGO NEXT | 4.70 | $67 |
| Simply Business | 4.50 | $70 |
| Coverdash | 4.44 | $71 |
| biBERK | 4.41 | $73 |
| Progressive Commercial | 4.38 | $69 |
| Thimble | 4.20 | $70 |
How Did We Determine the Best Professional Liability Insurance in Alaska?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
LEARN MORE ABOUT BUSINESS INSURANCE IN ALASKA
Professional liability insurance represents just one piece of comprehensive business protection in Alaska. Explore these additional state-specific resources to build complete coverage for your company:
1. ERGO NEXT: Best Professional Liability Insurance in AK
pros
Lowest E&O rates in Alaska at $67 monthly
A+ Superior AM Best rating backed by Munich Re
10-minute quotes with instant certificates of insurance
Covers 1,300+ business types with prior acts coverage
cons
Founded in 2016 with shorter track record than traditional insurers
Claims process ranks fourth nationally in customer surveys
COMPANY HIGHLIGHTS
ERGO NEXT earns the top spot for Alaska professional liability insurance by combining the state's lowest rates with excellent customer experience. Alaska business owners pay $67 monthly for E&O coverage, saving $3 compared to the $70 state average. The insurer's digital platform lets Anchorage consultants and Fairbanks contractors get quotes, buy coverage and download certificates in about 10 minutes.
ERGO NEXT maintains an A+ Superior AM Best rating after Munich Re's ERGO Group acquired the company in 2025. The insurer provides coverage for over 1,300 professions and includes prior acts protection when businesses maintain continuous E&O coverage. ERGO NEXT ranks first nationally for digital experience, but customers note extended claim processing times.
2. Simply Business: Best Professional Liability Insurance Coverage Option in AK
pros
Ranks first for coverage options
Access to 16+ carriers, including Travelers and Hiscox
Compare multiple quotes in one 10-minute application
Backed by Travelers' A++ Superior AM Best rating
cons
Claims process handled by third-party carriers
Ranks seventh for customer service
COMPANY HIGHLIGHTS
Simply Business ranks as Alaska's best professional liability provider for coverage options through its broker model connecting business owners with 16+ insurance carriers. The platform lets Anchorage consultants and Juneau contractors compare E&O quotes from top-rated insurers like Travelers, Hiscox and Markel in one 10-minute application. Alaska businesses pay $70 monthly, matching the state average.
Partner carriers hold strong AM Best ratings, including Travelers' A++ Superior. Business owners with specialized risks or those rejected elsewhere benefit from Simply Business's multi-carrier approach, though claims go through the underwriting carrier directly.
Average Cost of Professional Liability Insurance in Alaska
Professional liability insurance costs in Alaska vary by industry. Home-based businesses pay the lowest rates at around $33 per month, while mortgage brokers face the highest costs at approximately $147 per month. The filtering tool below shows specific rates for your industry, helping you find affordable coverage options.
Data filtered by:
Select
| Accountants | $133 | $1,597 |
| Ad Agency | $94 | $1,130 |
| Auto Repair | $73 | $881 |
| Automotive | $66 | $795 |
| Bakery | $47 | $564 |
| Barber | $39 | $466 |
| Beauty Salon | $46 | $547 |
| Bounce House | $53 | $640 |
| Candle | $37 | $440 |
| Cannabis | $111 | $1,334 |
| Catering | $70 | $843 |
| Cleaning | $49 | $592 |
| Coffee Shop | $55 | $659 |
| Computer Programming | $96 | $1,158 |
| Computer Repair | $58 | $692 |
| Construction | $69 | $831 |
| Consulting | $98 | $1,174 |
| Contractor | $62 | $746 |
| Courier | $44 | $523 |
| DJ | $40 | $485 |
| Daycare | $95 | $1,138 |
| Dental | $71 | $847 |
| Dog Grooming | $49 | $584 |
| Drone | $94 | $1,124 |
| Ecommerce | $56 | $674 |
| Electrical | $63 | $755 |
| Engineering | $92 | $1,110 |
| Excavation | $60 | $723 |
| Florist | $35 | $415 |
| Food | $88 | $1,051 |
| Food Truck | $53 | $642 |
| Funeral Home | $73 | $873 |
| Gardening | $36 | $427 |
| HVAC | $71 | $856 |
| Handyman | $47 | $567 |
| Home-based business | $33 | $400 |
| Hospitality | $66 | $798 |
| Janitorial | $44 | $532 |
| Jewelry | $55 | $657 |
| Junk Removal | $62 | $749 |
| Lawn/Landscaping | $47 | $567 |
| Lawyers | $130 | $1,564 |
| Manufacturing | $54 | $649 |
| Marine | $81 | $968 |
| Massage | $94 | $1,127 |
| Mortgage Broker | $147 | $1,763 |
| Moving | $76 | $908 |
| Nonprofit | $44 | $533 |
| Painting | $56 | $678 |
| Party Rental | $50 | $599 |
| Personal Training | $64 | $763 |
| Pest Control | $86 | $1,037 |
| Pet | $41 | $494 |
| Pharmacy | $55 | $663 |
| Photography | $57 | $685 |
| Physical Therapy | $88 | $1,054 |
| Plumbing | $82 | $984 |
| Pressure Washing | $52 | $621 |
| Real Estate | $115 | $1,375 |
| Restaurant | $74 | $890 |
| Retail | $50 | $600 |
| Roofing | $87 | $1,049 |
| Security | $91 | $1,089 |
| Snack Bars | $43 | $516 |
| Software | $84 | $1,011 |
| Spa/Wellness | $102 | $1,227 |
| Speech Therapist | $90 | $1,076 |
| Startup | $65 | $784 |
| Tech/IT | $89 | $1,073 |
| Transportation | $85 | $1,025 |
| Travel | $88 | $1,058 |
| Tree Service | $67 | $805 |
| Trucking | $102 | $1,218 |
| Tutoring | $56 | $671 |
| Veterinary | $104 | $1,245 |
| Wedding Planning | $69 | $825 |
| Welding | $69 | $833 |
| Wholesale | $56 | $668 |
| Window Cleaning | $57 | $679 |
How Did We Determine These Alaska Professional Liability Insurance Rates?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
What Does Alaska Professional Liability Insurance Cover?
Professional liability insurance in Alaska protects your business from claims related to negligence or failure to fulfill client contracts. The coverage also pays for legal expenses when these issues arise. This insurance goes by several different names:
- Errors and omissions insurance (E&O)
- Malpractice insurance (used mainly in health care and law)
- Professional indemnity insurance
How Much Professional Liability Insurance Do I Need in Alaska?
Alaska doesn't require most businesses to carry professional liability insurance. Health care providers are the exception and must maintain malpractice coverage. Attorneys must carry insurance with at least $100,000 per claim and $300,000 aggregate per year or notify clients in writing if they lack coverage. Real estate professionals need E&O insurance for licensure. For contract work or client requirements, $1 million per occurrence and $2 million aggregate per year is standard.
Who Needs Professional Liability Insurance in Alaska?
Any business providing professional services or advice to clients should consider errors and omissions coverage in Alaska. The following industries carry particular exposure due to the state's remote operating conditions and specialized service requirements.
Oil and Gas Consultants
Alaska's petroleum industry drives thousands of engineering, environmental, and technical consulting contracts across the North Slope and Cook Inlet. Consultants advising on drilling operations, pipeline projects, or environmental compliance need E&O coverage to address claims stemming from project delays, cost overruns, or regulatory violations tied to their professional recommendations.
Construction Contractors
Alaska requires all construction contractors to hold state licenses with surety bonds ranging from $5,000 to $25,000 depending on project type. While not legally mandated, professional liability insurance protects contractors working on residential, commercial, or infrastructure projects when clients claim design errors, missed specifications, or failure to meet cold-climate building standards.
Commercial Fishing Operations
Commercial fishing employs over 62,000 workers annually in Alaska and represents the state's largest private-sector employer. Charter captains, fishing guides, and seafood brokers who provide services or consulting to clients need E&O coverage to address claims related to trip cancellations, permit violations, or failure to deliver contracted services.
Medical Professionals
Health care providers in Alaska must carry malpractice insurance to practice, with the state's remote communities creating unique telemedicine and emergency care risks. Physicians, nurses, and allied health professionals working in Anchorage hospitals or rural clinics alike need coverage addressing diagnostic errors, treatment complications, or documentation failures.
Real Estate Professionals
Alaska real estate agents and brokers licensed through the Real Estate Commission often need errors and omissions insurance for real estate to meet brokerage requirements. Agents representing buyers or sellers in Anchorage's competitive market or remote land transactions need coverage for claims involving contract disputes, disclosure failures, or valuation errors.
Tech and IT Consultants
Anchorage's growing technology sector serves oil companies, health care systems, and government agencies requiring specialized tech E&O insurance policies. IT consultants implementing software systems, managing cybersecurity, or providing data services need protection against claims alleging system failures, data breaches, or project delivery issues.
How to Get the Best Professional Liability Insurance in Alaska
This guide shows Alaska business owners how to get business insurance matching their professional liability needs and budget. From Anchorage's oil and gas sector to Kodiak fishing charters, these steps help you secure the right E&O coverage.
- 1Evaluate your professional liability coverage requirements
Identify your specific business risks and any contractual obligations clients may require. An Anchorage petroleum consultant advising on North Slope drilling projects has different E&O exposures than a Juneau tourism operator running glacier excursions for cruise passengers.
- 2Partner with an Alaska-based agent
Find an agent who understands Alaska's diverse business environment and how business insurance costs vary across the state's regions. A Fairbanks IT consultant serving remote mining operations needs different guidance than a Kenai Peninsula fishing charter operator, and local agents understand these distinctions.
- 3Request quotes and review policy terms
Gather quotes from at least three insurers, comparing both affordable business insurance rates and key policy details like exclusions, deductibles and coverage triggers. A Sitka health care consultant should examine how policies handle telemedicine claims differently, not just premium differences on $1 million liability limits.
- 4Research provider quality and stability
Look beyond price when evaluating insurers for your Alaska business. Check AM Best financial strength ratings and research how carriers handle claims in remote areas where weather delays and limited access can complicate the process.
- 5Explore bundling opportunities
Many Alaska insurers reduce premiums when you combine professional liability with other types of business insurance coverage like general liability or commercial property. A Mat-Su Valley engineering firm might save 10% to 15% by packaging its E&O and general liability policies with the same carrier.
- 6Maintain continuous coverage
Professional liability policies only cover claims filed while your coverage remains active, even when the work occurred years earlier. A Fairbanks consultant switching insurers should verify their new policy includes prior acts coverage or purchase tail coverage (extended reporting coverage) from their previous carrier to avoid gaps.
Get Alaska Professional Liability Insurance Quotes
MoneyGeek can get you professional liability insurance in Alaska by matching you with top providers for your industry. Use our tool below to find your best company match and get tailored quotes for your business.
Get Matched to the Best AK Professional Liability Insurer for You
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Alaska Professional Liability: Bottom Line
Finding the right professional liability insurance in Alaska comes down to understanding your business risks and choosing the right provider. ERGO NEXT earns our top rating, but your industry, client contracts and budget should guide your final decision. Assess your needs first, then work with a local agent to compare options and secure coverage that financially protects your business.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.