NEXT offers the best professional liability insurance in Alaska with its affordable rates and strong customer support. Simply Business takes second place, while Coverdash rounds out the top three.
Professional Liability Insurance in Alaska
NEXT earns the highest score of 4.7 out of 5 in our analysis of the best professional liability insurance in Alaska.
Get matched to affordable professional liability insurance companies in Alaska below.
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Updated: October 27, 2025
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Best Professional Liability Insurance in Alaska: Key Takeaways
NEXT is our top pick for professional liability insurance in Alaska, followed by Simply Business and Coverdash.
Your industry risk, client contracts, potential claim costs and budget determine the best Alaska professional liability insurance for you.
Assess your needs first, then compare quotes from multiple providers to find the best small business insurance policy in Alaska for your professional liability needs.
Find Insurance for Your Business
Select your industry and state to get a customized quote.
Industry
State
Best Professional Liability Insurance Companies in Alaska
| NEXT Insurance | 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 These Rates and Rankings?
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
Professional liability coverage is just one part of protecting your Alaska business. Other coverage types work together to provide complete financial protection for small businesses.
Best Alaska Professional Liability Insurance Reviews
Most professionals need professional liability insurance, but not all providers offer the same value. We've broken down what differentiates these top providers and why they made our list for Alaska businesses.
NEXT
Overall Best Provider
MoneyGeek Rating
4.7/ 5
4.6/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Premium
$67These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies.Our Survey: Claims Process
3.9/5Our Survey: Recommend to Others
4.8/5
Simply Business
Runner-Up for Best Provider
MoneyGeek Rating
4.5/ 5
4.5/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average Monthly Premium
$70These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies.Our Survey: Claims Process
3.7/5Our Survey: Recommend to Others
4.2/5
Cheapest Professional Liability Insurance Companies in Alaska
NEXT offers the cheapest professional liability insurance in Alaska at $67 monthly ($801 annually). Progressive provides another affordable option for business owners at $69 per month.
| NEXT | $67 | $801 |
| Progressive Commercial | $69 | $825 |
| Simply Business | $70 | $840 |
| Thimble | $70 | $842 |
| Coverdash | $71 | $852 |
| biBERK | $73 | $881 |
How Did We Determine These 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.
Average Cost of Professional Liability Insurance in Alaska
Professional liability insurance costs $70 monthly ($840 annually) in Alaska, which is $8 less than the national average. Home-based businesses pay around $33 per month, while mortgage brokers average $147. Rates also vary based on business location, claims history and coverage limits.
| 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 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.
How Much Professional Liability Insurance Do I Need in Alaska?
Professional liability insurance requirements in Alaska depend entirely on your specific profession. Health care providers and attorneys typically face mandatory coverage rules, while other fields rely more on client contracts and industry standards. Even without legal requirements, your coverage amount should reflect your actual risk exposure. Many higher-risk professions carry $1 million per occurrence and $3 million aggregate as baseline protection.
Your coverage decision depends on three factors:
Your Industry Risk
Some industries in Alaska carry greater liability exposure than others, directly affecting your coverage needs. Professional liability risks for accountants or real estate agents serving smaller communities like Fairbanks or Juneau aren't as high as those of technology consultants and architects working on major projects in Anchorage. Your profession's typical claim frequency and severity should guide your coverage amount selection.
Client Requirements
Many clients and contracts in Alaska require proof of professional liability insurance at specific minimum limits before work can begin. State government contracts, oil industry corporations and large organizations throughout Alaska often mandate coverage levels of $1 million or more. Meeting these contractual requirements ensures you can pursue lucrative opportunities with major Alaska employers and agencies.
Potential Claim Costs
Your coverage should reflect the possible financial impact of a professional liability lawsuit in Alaska's unique legal environment. Small administrative errors might result in minor penalties, while mistakes on major infrastructure projects or corporate consulting work could lead to six-figure damages plus substantial legal fees. Alaska's limited attorney pool and geographic challenges can increase legal costs beyond what similar claims might cost in other states.
How to Get the Best Professional Liability Insurance in Alaska
Our guide teaches you how to get business insurance that matches your Alaska professional liability business needs and budget.
- 1Evaluate Your Risk Exposure
Different Alaska businesses face varying liability risks based on their industry and client base. A regional engineering firm needs higher coverage limits than a solo marketing consultant. Review your contracts to see if clients require specific coverage amounts before choosing policy limits.
- 2Find a Local Agent
Alaska agents understand the state's unique business climate, regulatory requirements and how business liability insurance cost vary by location and industry. They know which insurers work best for local industries like tourism, fishing or oil services. A knowledgeable agent saves you time by matching your business to appropriate coverage options.
- 3Request Multiple Quotes
Request quotes from at least three insurers, comparing cheap small business insurance rates and policy terms like exclusions and deductibles. One insurer's $1 million policy may offer different protections than another company's identical limit.
- 4Research Insurer Quality
When researching business insurance in Alaska, look beyond price. Check each company's AM Best rating to confirm financial stability and claims-paying ability. Read reviews from other professionals in your industry to learn about their claims experience. Strong insurers handle claims fairly and pay valid claims promptly.
- 5Explore Bundle Savings
Many insurers offer discounts when you combine professional liability with other
types of small business insurance coverage like general liability or business owner's policies. Bundling typically reduces your total premium while simplifying policy management. Ask agents about available package deals for comprehensive business protection.
- 6Maintain Continuous Protection
Professional liability operates on a claims-made basis, meaning you're only covered when both the incident and claim occur during active policy periods. Never let coverage lapse without securing tail coverage or ensuring your new policy includes prior acts protection.
How to Prevent Professional Liability Claims in Alaska
Professional liability claims in Alaska typically result from poor communication and vague client expectations rather than genuine mistakes. Small misunderstandings can still trigger expensive legal battles. These strategies help prevent disputes and shield your business from costly claims.
Document Everything
Keep written proof of all client interactions, including email confirmations, scope changes and project approvals. This documentation prevents disputes by providing a clear record of what was agreed upon and when decisions were made.
Use Detailed Contracts With Clear Scope
Create contracts that clearly define your responsibilities, project timelines and specific deliverables. Outline what is included in your services and what is excluded to avoid conflicts over additional work requests.
Communicate Project Changes Immediately
Confirm all client-requested changes in writing before moving forward with any modifications. Document how these changes affect project timelines, budgets and final deliverables to maintain transparency throughout the process.
Set Realistic Expectations Upfront
Be transparent about project timelines, potential challenges and expected results from the beginning. Honest communication about your capabilities helps avoid overpromising and reduces the likelihood of client disputes.
Keep Detailed Project Records
Maintain thorough records of all work performed, decisions made and the reasoning behind your professional recommendations. This documentation demonstrates your diligence and provides strong protection if your work is questioned later.
Alaska Professional Liability: Bottom Line
Professional liability insurance in Alaska starts with understanding your business risks and client needs. NEXT earns our top rating, but your industry requirements, contracts and budget should drive your final choice. Assess your specific needs first, then consult a local agent to compare coverage options that deliver solid financial protection for your business.
Alaska Professional Liability Insurance: FAQ
Here are frequently asked questions about professional liability insurance in Alaska.
What does professional liability insurance cost in Alaska?
Professional liability insurance in Alaska costs between $67 and $73 monthly, based on data from major providers like NEXT and biBERK. Your actual premium depends on your industry's risk level, claims history, coverage limits and business location within the state.
Which professional liability insurance company is best in Alaska?
NEXT leads professional liability insurance in Alaska, scoring 4.70 out of 5 for its affordable rates and excellent customer service. Simply Business ranks second with strong coverage options, while Coverdash offers competitive solutions for small business owners throughout Alaska.
How much professional liability coverage do I need in Alaska?
Professional liability coverage needs in Alaska vary based on your industry's risk level, client contract demands and potential lawsuit expenses. High-risk professions like architects and consultants require higher coverage limits, while businesses in lower-risk fields may need less comprehensive protection for adequate financial security.
Is there a difference between professional liability and E&O insurance in Alaska?
Professional liability and errors and omissions (E&O) insurance are two names for the same coverage. Both protect you from claims about mistakes in your services. Some industries prefer one term over the other, but they work the same way.
How We Scored the Best Professional Liability Insurance Companies in Alaska
A professional liability lawsuit can destroy a small business in Alaska or force it to close permanently. We studied insurers throughout the state to identify which companies provide the best financial protection for businesses from new startups to well-established firms.
Our Scoring System
- Affordability (50%): Cost matters most when small businesses choose insurance. We gave affordability the highest weight because finding quality coverage within budget ensures companies get protection they can actually maintain.
- Customer experience (30%): Professional liability claims create major stress for business owners. We measured service quality through J.D. Power ratings and complaint records from the Alaska Department of Insurance.
- Coverage options (15%): We reviewed how flexible each policy is and examined exclusions that affect the state's diverse professional services.
- Financial strength (5%): AM Best financial ratings helped us confirm that recommended insurers have solid finances to pay claims when businesses need help most.
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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Alliance Health. "Provider Insurance Requirements." Accessed November 1, 2025.