NEXT leads professional liability insurance 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.
Discover cheap professional liability insurance in Indiana below.
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Updated: September 25, 2025
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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.
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 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
3.9/5Our 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 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
4.5/5Our Survey: Recommend to Others
4.5/5
Cheapest Professional Liability Insurance Companies in Indiana
The Hartford offers the cheapest 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 in smaller Indiana cities like Bloomington or Evansville typically face lower liability exposure 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
Finding the best business insurance becomes straightforward when you follow our step-by-step guide to getting coverage. This process helps you secure professional liability insurance that matches your Indiana business needs and budget.
- 1
Evaluate 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.
- 2
Find a Local Agent
Look for an agent who knows Indiana's business landscape and understands how business insurance costs vary 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.
- 3
Collect 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.
- 4
Check 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.
- 5
Explore Bundle Discounts
Many insurers offer discounts when you combine professional liability 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.
- 6
Maintain 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.
Is professional liability insurance required in Indiana?
Professional liability insurance isn't legally required in Indiana. However, clients and contracts often demand coverage before awarding projects. Many professionals carry it voluntarily for financial protection and credibility.
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.
Can I get professional liability insurance online in Indiana?
Yes, you can purchase professional liability insurance online in Indiana. Many insurers offer digital applications that take just minutes to complete, with instant policy certificates and immediate coverage. Online platforms provide 24/7 policy management, eliminating traditional paperwork delays and agent scheduling requirements for faster, more convenient service.
Should I buy general liability and professional liability insurance together in Indiana?
Most Indiana businesses should carry both general liability and professional liability insurance. General liability covers customer injuries and property damage at your business location. Professional liability protects against errors in your services or advice that cause financial harm. These policies work together, covering both physical incidents and professional mistakes.
Do I need professional liability insurance if I work from home in Indiana?
Working from home in Indiana doesn't eliminate your need for professional liability insurance. Your location won't protect you from lawsuits if clients suffer financial losses due to your mistakes. A marketing consultant providing poor strategy or a graphic designer delivering flawed branding could face expensive claims. Professional errors carry the same risks whether you work from your kitchen table or a corporate office.
What happens if I let my professional liability insurance lapse in Indiana?
Letting professional liability insurance lapse in Indiana creates significant exposure to financial risk. Claims-made policies only provide coverage for lawsuits filed during active policy periods, regardless of when the professional work occurred. This means past services remain vulnerable if coverage gaps exist. To prevent dangerous coverage holes, secure prior acts coverage with a new insurer or purchase tail coverage from your previous carrier before the policy expires.
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!
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 September 30, 2025.
- Better Business Bureau. "The Hartford Insurance Company | BBB Business Profile." Accessed September 30, 2025.