For the best professional liability insurance in Arkansas, NEXT tops our rankings with competitive rates and strong customer support. The Hartford places second, while Simply Business rounds out the top three.
Professional Liability Insurance in Arkansas
NEXT earns the highest score of 4.76 out of 5 in our analysis of the best professional liability insurance in Arkansas.
Discover cheap professional liability insurance in Arkansas below.
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Updated: October 2, 2025
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Best Professional Liability Insurance in Arkansas: Key Takeaways
NEXT is our top pick for professional liability insurance in Arkansas, followed by The Hartford and Simply Business.
Your industry risk, client contracts, potential claim costs and budget determine the best Arkansas professional liability insurance for you.
Assess your needs first, then compare quotes from multiple providers to find the best small business insurance that fits your professional liability insurance needs in Arkansas.
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Industry
State
Best Professional Liability Insurance Companies in Arkansas
| NEXT Insurance | 4.76 | $69 |
| The Hartford | 4.62 | $68 |
| Simply Business | 4.51 | $73 |
| Nationwide | 4.46 | $78 |
| Coverdash | 4.45 | $75 |
| biBERK | 4.43 | $77 |
| Progressive Commercial | 4.41 | $72 |
| Hiscox | 4.37 | $74 |
| Chubb | 4.26 | $85 |
| Thimble | 4.25 | $73 |
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 Arkansas business. Understanding how different coverage types work together creates stronger financial protection for small businesses.
Best Arkansas 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 Arkansas businesses.
NEXT
Overall Best Provider
MoneyGeek Rating
4.8/ 5
4.8/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Premium
$69These 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
3.9/5Recommend to Others
4.8/5
The Hartford
Runner-Up Best Provider
MoneyGeek Rating
4.6/ 5
4.6/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average Monthly Premium
$68These 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
4.5/5Recommend to Others
4.5/5
Cheapest Professional Liability Insurance Companies in Arkansas
The Hartford offers cheap professional liability insurance in Arkansas at $68 monthly ($820 annually). NEXT provides another affordable option for business owners at $69 per month.
| The Hartford | $68 | $820 |
| NEXT | $69 | $828 |
| Progressive Commercial | $72 | $862 |
| Thimble | $73 | $876 |
| Simply Business | $73 | $881 |
| Hiscox | $74 | $887 |
| Coverdash | $75 | $895 |
| biBERK | $77 | $918 |
| Nationwide | $78 | $942 |
| Chubb | $85 | $1,021 |
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 Arkansas
Professional liability insurance costs $74 monthly ($893 annually) in Arkansas, which is $4 less than the national average. Rates vary significantly by profession, with florists paying around $36 per month while mortgage brokers average $160. Your business location, claims history and coverage limits also influence the final cost.
| Accountants | $141 | $1,687 |
| Ad Agency | $95 | $1,136 |
| Auto Repair | $79 | $951 |
| Automotive | $71 | $857 |
| Bakery | $50 | $605 |
| Barber | $40 | $485 |
| Beauty Salon | $47 | $565 |
| Bounce House | $57 | $681 |
| Candle | $40 | $475 |
| Cannabis | $116 | $1,397 |
| Catering | $75 | $895 |
| Cleaning | $53 | $634 |
| Coffee Shop | $58 | $698 |
| Computer Programming | $101 | $1,209 |
| Computer Repair | $60 | $724 |
| Construction | $73 | $880 |
| Consulting | $105 | $1,261 |
| Contractor | $59 | $713 |
| Courier | $48 | $578 |
| DJ | $43 | $514 |
| Daycare | $104 | $1,243 |
| Dental | $80 | $958 |
| Dog Grooming | $54 | $642 |
| Drone | $101 | $1,208 |
| Ecommerce | $59 | $712 |
| Electrical | $60 | $726 |
| Engineering | $102 | $1,221 |
| Excavation | $64 | $770 |
| Florist | $36 | $431 |
| Food | $108 | $1,296 |
| Food Truck | $57 | $680 |
| Funeral Home | $78 | $932 |
| Gardening | $39 | $465 |
| HVAC | $77 | $930 |
| Handyman | $51 | $617 |
| Home-based business | $37 | $441 |
| Hospitality | $70 | $843 |
| Janitorial | $47 | $566 |
| Jewelry | $58 | $701 |
| Junk Removal | $64 | $770 |
| Lawn/Landscaping | $49 | $593 |
| Lawyers | $140 | $1,678 |
| Manufacturing | $57 | $682 |
| Marine | $85 | $1,023 |
| Massage | $100 | $1,202 |
| Mortgage Broker | $160 | $1,919 |
| Moving | $80 | $956 |
| Nonprofit | $49 | $583 |
| Painting | $60 | $726 |
| Party Rental | $53 | $639 |
| Personal Training | $68 | $817 |
| Pest Control | $91 | $1,098 |
| Pet | $44 | $534 |
| Pharmacy | $55 | $658 |
| Photography | $60 | $722 |
| Physical Therapy | $90 | $1,080 |
| Plumbing | $87 | $1,041 |
| Pressure Washing | $54 | $652 |
| Real Estate | $121 | $1,449 |
| Restaurant | $77 | $927 |
| Retail | $52 | $625 |
| Roofing | $94 | $1,134 |
| Security | $96 | $1,154 |
| Snack Bars | $45 | $544 |
| Software | $92 | $1,110 |
| Spa/Wellness | $105 | $1,261 |
| Speech Therapist | $94 | $1,129 |
| Startup | $68 | $810 |
| Tech/IT | $94 | $1,122 |
| Transportation | $90 | $1,084 |
| Travel | $93 | $1,110 |
| Tree Service | $72 | $869 |
| Trucking | $106 | $1,267 |
| Tutoring | $59 | $705 |
| Veterinary | $112 | $1,339 |
| Wedding Planning | $75 | $896 |
| Welding | $74 | $884 |
| Wholesale | $60 | $715 |
| Window Cleaning | $60 | $724 |
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 Arkansas?
Professional liability insurance requirements in Arkansas depend on your specific profession. Health care providers, attorneys and certain other professionals face mandatory coverage rules, while many fields have no legal requirements. Even without state mandates, your coverage depends on your risk exposure and clients' expectations. Higher-risk professions typically carry $1 million per occurrence and $3 million aggregate coverage.
Your coverage decision depends on three factors:
Your Industry Risk
Some industries in Arkansas carry greater liability exposure than others, directly affecting your coverage needs. Accountants' professional liability risks in smaller Arkansas towns or residential real estate agents are lower than those of technology consultants in Little Rock's growing tech sector and architects designing commercial projects. Your industry's claim frequency and severity should guide your coverage amount selection.
Client Requirements
Many clients and contracts in Arkansas require proof of professional liability insurance at specific minimum limits before work can begin. Large corporations like Walmart, government contracts, and major Arkansas employers typically require $1 million to $2 million in coverage. Meeting these contractual requirements is essential for securing and maintaining business relationships with significant clients.
Potential Claim Costs
Your coverage should reflect the possible financial impact of a professional liability lawsuit in Arkansas. Small errors might result in minor damages and legal fees totaling thousands, while mistakes on larger projects could lead to six-figure damages plus defense costs exceeding $50,000. Consider both the size of your typical projects and the potential ripple effects of professional errors when selecting coverage limits.
How to Get the Best Professional Liability Insurance in Arkansas
Follow our guide to get business insurance that matches your professional needs and budget in Arkansas.
- 1
Evaluate Your Risk Exposure
Your business type determines coverage needs in Arkansas. A regional architect typically requires higher limits than a solo marketing consultant. Review client contracts and industry standards to identify the right protection level for your specific risks.
- 2
Find a Knowledgeable Local Agent
Choose an agent familiar with the state's business climate and regulations and who understands that location and industry affect the cost of business insurance. Local expertise helps match coverage to Arkansas industry needs. These professionals understand regional client expectations and can recommend appropriate policy features.
- 3
Collect and Compare Quotes
Request quotes from at least three insurers, comparing affordable business insurance rates and policy terms like exclusions and deductibles. A $1 million policy varies significantly between providers based on specific terms and conditions.
- 4
Verify Insurer Financial Strength
When researching business insurance in Arkansas, look beyond price. Before deciding, check each company's AM Best rating and claims handling reputation. Strong financial ratings indicate the insurer can pay claims when needed. Read professional reviews and check industry-specific experience for your business type.
- 5
Explore Bundling Opportunities
Many insurers offer discounts when combining professional liability with other types of business insurance coverage, like general liability or business owner coverage. Bundling often reduces total premiums while simplifying policy management. Arkansas businesses frequently save money through these package deals.
- 6
Maintain Continuous Policy Coverage
Professional liability operates on a claims-made basis, covering only claims filed while your policy remains active. When switching insurers, secure prior acts coverage or purchase tail coverage. Coverage gaps leave you vulnerable to unprotected claims.
How to Prevent Professional Liability Claims in Arkansas
Many professional liability claims happen because of miscommunication and unclear client expectations, not actual mistakes. Even small disputes can lead to thousands in legal fees. Use these strategies to avoid problems and protect your business from expensive claims.
Document Everything
Keep written proof of all client interactions, including email confirmations, scope changes and project approvals. This documentation creates a clear record of agreements and decisions that can prevent disputes before they escalate. Written records serve as your strongest defense if clients question work quality or project details.
Use Detailed Contracts with Clear Scope
Create contracts that clearly define your responsibilities, project timelines and specific deliverables for each engagement. Include detailed sections outlining what work is included and what falls outside the project scope to prevent misunderstandings. Well-defined contracts protect both parties by establishing clear boundaries and expectations from the start.
Communicate Project Changes Immediately
Confirm all client-requested changes in writing before implementing them, even for seemingly minor adjustments. Document how each change affects project timelines, budgets and final deliverables to maintain transparency. Immediate written communication prevents scope creep and ensures both parties understand the impact of modifications.
Set Realistic Expectations Upfront
Be transparent with clients about project timelines, potential challenges and expected results during initial discussions. Honest communication about your capabilities and limitations prevents overpromising and reduces the likelihood of client disappointment. Setting realistic expectations builds trust and creates a foundation for successful professional relationships.
Keep Detailed Project Records
Maintain thorough records of all work performed, decisions made and the reasoning behind your professional recommendations. These detailed records demonstrate your diligence and professional standards if your work is ever questioned or challenged. Comprehensive documentation shows you followed proper procedures and considered all relevant factors in your decision-making process.
Arkansas Professional Liability: Bottom Line
Selecting professional liability insurance in Arkansas starts with understanding your business risks and client demands. NEXT earns our top rating, but your industry, contract requirements and budget should drive your final choice. Assess your coverage needs first, then compare options with a local agent. The right policy delivers solid financial protection for your business.
Arkansas Professional Liability Insurance: FAQ
Here are frequently asked questions about professional liability insurance in Arkansas.
Is professional liability insurance required in Arkansas?
Arkansas doesn't legally require professional liability insurance, but client contracts and industry standards often demand coverage. Many professionals carry it anyway for financial protection and credibility when pursuing business opportunities.
What does professional liability insurance cost in Arkansas?
Professional liability insurance in Arkansas ranges from $68 to $85 monthly, depending on your provider. Your actual premium varies based on your industry's risk level, claims history, coverage limits, and business location within the state.
Which professional liability insurance company is best in Arkansas?
NEXT ranks as the best professional liability insurance company in Arkansas, scoring 4.76 out of 5 for its affordable rates and excellent customer service. The Hartford follows closely at 4.62, while Simply Business rounds out the top three at 4.51, providing solid coverage options for businesses.
How much professional liability coverage do I need in Arkansas?
Professional liability coverage needs in Arkansas depend on your industry's risk level, client contract demands, and potential lawsuit expenses. Higher-risk professions like architects and consultants typically need larger coverage limits, while lower-risk businesses can often get by with smaller amounts.
Can I get professional liability insurance online in Arkansas?
Yes, you can purchase professional liability insurance online in Arkansas. Many insurers offer digital applications that take just minutes to complete, with instant certificates and immediate coverage. Online platforms let you compare quotes, manage policies, and access documents 24/7, making it faster than traditional agent-based processes.
How are professional liability and E&O insurance different in Arkansas?
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, but they work the same way.
Do I need professional liability insurance if I work from home in Arkansas?
Yes, working from home doesn't eliminate the need for professional liability insurance in Arkansas. Your location doesn't reduce liability risks when serving clients. A freelance graphic designer could face a lawsuit over missed project deadlines, while a consultant might get sued for poor advice that costs clients money. Professional mistakes happen anywhere, making coverage essential for protecting your home-based business.
What happens if I let my professional liability insurance lapse in Arkansas?
Letting your professional liability insurance lapse in Arkansas leaves you vulnerable to financial disaster. Claims-made policies only provide coverage when both the incident and claim occur during active policy periods. Even work performed years ago remains unprotected after coverage ends. To avoid dangerous gaps, secure prior acts coverage with your new insurer or purchase tail coverage from your previous carrier before your policy expires.
How We Scored the Best Professional Liability Insurance Companies in Arkansas
A professional liability lawsuit can devastate a small business in Arkansas or force it to close permanently. We evaluated insurers throughout the state to identify which companies provide the most reliable financial protection for businesses from startups to well-established firms.
Our Scoring System
- Affordability (50%): Cost drives most small business insurance choices. We weighted this factor highest because finding quality coverage within budget is essential for protecting local businesses.
- Customer experience (30%): Dealing with liability claims creates stress for business owners. We analyzed service quality through J.D. Power ratings and complaint records from the Arkansas Department of Insurance.
- Coverage options (15%): We reviewed policy flexibility and exclusions to ensure they serve the diverse needs of professional services across the state.
- Financial strength (5%): AM Best financial ratings confirmed each recommended insurer maintains the stability to pay claims when businesses need it 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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Alliance Health. "Provider Insurance Requirements." Accessed October 10, 2025.