NEXT leads our best professional liability insurance study in Indiana with affordable rates and reliable customer support. The Hartford ranks second overall, while Simply Business takes third place.
Professional Liability Insurance in Indiana
NEXT earns the highest score of 4.76 out of 5 in our analysis of the best professional liability insurance in Indiana.
Get matched to the best professional liability insurance company for your business in Indiana today.
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Updated: October 27, 2025
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Best Professional Liability Insurance in Indiana: Key Takeaways
NEXT is our top pick for professional liability insurance in Indiana, followed by The Hartford and Simply Business.
Your industry risk, client contracts, potential claim costs and budget determine the best Indiana professional liability insurance for you.
Assess your needs first, then compare quotes from multiple providers to find the best professional liability insurance in Indiana.
Find Insurance for Your Business
Select your industry and state to get a customized quote.
Industry
State
Best Professional Liability Insurance Companies in Indiana
| NEXT Insurance | 4.76 | $70 |
| The Hartford | 4.69 | $69 |
| Simply Business | 4.53 | $74 |
| Nationwide | 4.47 | $80 |
| Coverdash | 4.46 | $76 |
| biBERK | 4.44 | $78 |
| Progressive Commercial | 4.42 | $73 |
| Hiscox | 4.39 | $75 |
| Thimble | 4.30 | $73 |
| Chubb | 4.27 | $87 |
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 protects your business, but other coverage types work together to create comprehensive financial protection for Indiana companies.
Best Indiana 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 Indiana businesses.
NEXT
Overall Best Provider
MoneyGeek Rating
4.8/ 5
4.8/5Affordability
4.7/5Customer Experience
4.8/5Coverage Points
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
3.9/5Our Survey: Recommend to Others
4.8/5
The Hartford
Runner-Up for Best Provider
MoneyGeek Rating
4.7/ 5
4.8/5Affordability
4.6/5Customer Experience
4.7/5Coverage Points
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
4.5/5Our Survey: Recommend to Others
4.5/5
Cheapest Professional Liability Insurance Companies in Indiana
The Hartford offers low-cost professional liability insurance in Indiana at $69 monthly ($832 annually). NEXT provides another affordable option at $70 per month for business owners seeking budget-friendly coverage.
| The Hartford | $69 | $832 |
| NEXT Insurance | $70 | $841 |
| Thimble | $73 | $878 |
| Progressive Commercial | $73 | $879 |
| Simply Business | $74 | $893 |
| Hiscox | $75 | $899 |
| Coverdash | $76 | $907 |
| biBERK | $78 | $932 |
| Nationwide | $80 | $962 |
| Chubb | $87 | $1,041 |
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 Indiana
Professional liability insurance costs $76 monthly ($906 annually) in Indiana, which is $2 less than the national average. Home-based businesses pay around $36 per month, while mortgage brokers average $161. Your final rate depends on factors like business location, claims history and coverage limits.
| Accountants | $142 | $1,699 |
| Ad Agency | $95 | $1,136 |
| Auto Repair | $80 | $959 |
| Automotive | $72 | $868 |
| Bakery | $51 | $613 |
| Barber | $42 | $504 |
| Beauty Salon | $49 | $588 |
| Bounce House | $57 | $682 |
| Candle | $41 | $489 |
| Cannabis | $118 | $1,421 |
| Catering | $77 | $922 |
| Cleaning | $53 | $639 |
| Coffee Shop | $59 | $712 |
| Computer Programming | $105 | $1,254 |
| Computer Repair | $61 | $734 |
| Construction | $74 | $889 |
| Consulting | $104 | $1,250 |
| Contractor | $62 | $747 |
| Courier | $48 | $580 |
| DJ | $45 | $539 |
| Daycare | $106 | $1,269 |
| Dental | $82 | $981 |
| Dog Grooming | $53 | $636 |
| Drone | $105 | $1,260 |
| Ecommerce | $59 | $714 |
| Electrical | $62 | $746 |
| Engineering | $99 | $1,186 |
| Excavation | $66 | $788 |
| Florist | $37 | $448 |
| Food | $108 | $1,294 |
| Food Truck | $58 | $697 |
| Funeral Home | $79 | $950 |
| Gardening | $39 | $469 |
| HVAC | $81 | $974 |
| Handyman | $52 | $627 |
| Home-based business | $36 | $435 |
| Hospitality | $71 | $851 |
| Janitorial | $48 | $580 |
| Jewelry | $59 | $712 |
| Junk Removal | $66 | $788 |
| Lawn/Landscaping | $50 | $602 |
| Lawyers | $139 | $1,669 |
| Manufacturing | $58 | $695 |
| Marine | $85 | $1,021 |
| Massage | $105 | $1,262 |
| Mortgage Broker | $161 | $1,935 |
| Moving | $79 | $943 |
| Nonprofit | $50 | $598 |
| Painting | $61 | $733 |
| Party Rental | $54 | $649 |
| Personal Training | $67 | $809 |
| Pest Control | $92 | $1,103 |
| Pet | $45 | $537 |
| Pharmacy | $56 | $673 |
| Photography | $62 | $739 |
| Physical Therapy | $92 | $1,104 |
| Plumbing | $87 | $1,043 |
| Pressure Washing | $57 | $682 |
| Real Estate | $122 | $1,466 |
| Restaurant | $79 | $950 |
| Retail | $54 | $646 |
| Roofing | $96 | $1,146 |
| Security | $98 | $1,179 |
| Snack Bars | $47 | $558 |
| Software | $94 | $1,127 |
| Spa/Wellness | $105 | $1,261 |
| Speech Therapist | $96 | $1,151 |
| Startup | $70 | $844 |
| Tech/IT | $96 | $1,148 |
| Transportation | $91 | $1,092 |
| Travel | $94 | $1,123 |
| Tree Service | $75 | $897 |
| Trucking | $107 | $1,287 |
| Tutoring | $60 | $719 |
| Veterinary | $113 | $1,355 |
| Wedding Planning | $74 | $889 |
| Welding | $74 | $890 |
| Wholesale | $59 | $712 |
| Window Cleaning | $62 | $739 |
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 Indiana?
Professional liability insurance requirements vary by profession in Indiana, with some fields like health care and law facing stricter mandates than others. Even when not legally required, the right coverage amount depends on your risk exposure and what clients expect from your business. Higher-risk professions carry at least $1 million per occurrence and $3 million aggregate coverage.
Your coverage decision depends on three factors:
Your Industry Risk
Some industries in Indiana carry greater liability exposure than others due to the nature of their work and potential impact of errors. Technology consultants and software developers in Indianapolis face higher risks because system failures or data breaches can affect thousands of users, while architects designing commercial buildings risk costly construction delays if plans contain errors. Accountants' professional liability risks are smaller, especially if they're in smaller Indiana cities like Bloomington or Evansville since their mistakes usually affect individual clients rather than large groups.
Client Requirements
Many clients and contracts in Indiana require proof of professional liability insurance at specific coverage limits before work can begin. Large corporations like Eli Lilly and Cummins, along with government contracts through the state of Indiana, typically mandate minimum coverage of $1 million or more. Meeting these requirements is often non-negotiable for securing contracts with major Indiana employers and institutions.
Potential Claim Costs
Your coverage should reflect the possible financial impact of a professional liability lawsuit in Indiana, including both damages and legal defense costs. A minor bookkeeping error might result in a $10,000 claim, while a flawed software system for a major Indiana manufacturer could lead to six-figure damages plus legal fees exceeding $100,000. Even unsuccessful claims require expensive legal defense, making adequate coverage essential for protecting your business assets.
How to Get the Best Professional Liability Insurance in Indiana
Our guide shows you how to get business insurance that matches your professional liability needs and budget in Indiana.
- 1Evaluate Your Risk Exposure
Different businesses face varying liability risks in Indiana. A consulting firm typically needs lower coverage limits than an engineering company handling major projects. Review your industry standards and any coverage requirements spelled out in client contracts.
- 2Find a Local Agent
Look for an agent who knows Indiana's business landscape and understands how the cost of insurance for small business varies by location and industry. They can recommend coverage that fits common industries in your area. An agent familiar with regional business practices saves you time and helps avoid coverage gaps.
- 3Collect Multiple Quotes
Request quotes from at least three insurers, comparing affordable business insurance rates and policy terms like exclusions and deductibles. A $1 million policy from one company may offer different protection than the same amount from another carrier.
- 4Check Insurer Reliability
When researching business insurance in Indiana, look beyond price. Check each company's financial stability using AM Best ratings and claims handling reputation. Strong insurers pay claims promptly and provide better customer service. Professional reviews from other business owners in your industry offer valuable insights about real-world experiences.
- 5Explore Bundle Discounts
Many insurers offer discounts when you combine professional liability other types of small business insurance coverage, such as with general liability or business owner's policies. Bundling coverage often reduces your total premium costs while simplifying policy management. Ask each provider about available package deals for small businesses.
- 6Maintain Continuous Coverage
Professional liability policies only cover claims filed while your policy remains active. Switching carriers without proper planning creates dangerous coverage gaps. Always secure prior acts coverage or purchase tail coverage to protect against claims from previous work periods.
How to Prevent Professional Liability Claims in Indiana
Most professional liability claims stem from poor communication and unclear expectations rather than actual mistakes. Small disputes can still trigger thousands in legal fees. These proven strategies help Indiana businesses prevent conflicts and avoid expensive claims.
Document Everything
Keep written proof of all client interactions, including email confirmations, scope changes and client approvals. This documentation helps prevent disputes by providing a clear record of what was agreed upon and when decisions were made.
Use Detailed Contracts With Clear Scope
Your contracts should define responsibilities, timelines and deliverables in specific terms. Outlining what is included and excluded helps avoid conflicts over additional work and ensures both parties understand the project boundaries.
Communicate Project Changes Immediately
Confirm all client-requested changes in writing before moving forward with the work. Document how these changes affect timelines, budgets and deliverables to prevent misunderstandings about project scope.
Set Realistic Expectations Upfront
Be transparent about timelines, potential challenges and expected results from the beginning of each project. Being honest 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 can provide strong protection if your work is later questioned or challenged.
Indiana Professional Liability: Bottom Line
Selecting professional liability insurance in Indiana requires understanding your business risks and client needs first. NEXT leads our rankings, but your industry type, contract requirements and budget determine the best fit. Assess your specific risks, then work with a local agent to compare coverage options that deliver strong financial protection for your business.
Indiana Professional Liability Insurance: FAQ
Here are frequently asked questions about professional liability insurance in Indiana.
What does professional liability insurance cost in Indiana?
Professional liability insurance in Indiana costs between $69 and $87 monthly. Your premium depends on your industry's risk level, claims history, coverage limits and business location, with rates varying between providers.
Which professional liability insurance company is best in Indiana?
NEXT ranks as the best professional liability insurance company in Indiana, scoring 4.76 out of 5 for its affordable rates and strong customer service. The Hartford follows closely at 4.69, while Simply Business rounds out the top three with a 4.53 rating for Hoosier businesses.
How much professional liability coverage do I need in Indiana?
Professional liability coverage needs in Indiana vary based on your industry risk level, client contract demands, and potential lawsuit expenses. High-risk professionals like architects and consultants typically need higher coverage limits, while businesses in lower-risk fields may require less protection to adequately safeguard their operations.
What's the difference between professional liability and E&O insurance?
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.
How We Scored the Best Professional Liability Insurance Companies in Indiana
A professional liability claim can devastate a small business in Indiana 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 established firms.
Our Scoring System
- Affordability (50%): Cost drives most small business insurance decisions. We gave affordability the highest weight because local businesses need strong coverage that fits their budget.
- Customer experience (30%): Quality service matters when facing a liability claim. We analyzed J.D. Power ratings and complaint records from the Indiana Department of Insurance to measure insurer responsiveness.
- Coverage options (15%): We reviewed policy flexibility and exclusions to ensure they match 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!
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 14, 2025.
- Better Business Bureau. "The Hartford Insurance Company | BBB Business Profile." Accessed November 14, 2025.