For the best professional liability insurance in Maine, NEXT tops our rankings with competitive rates and excellent customer service. The Hartford places second, while Simply Business rounds out the top three.
Professional Liability Insurance in Maine
NEXT earns the highest score of 4.74 out of 5 in our analysis of the best professional liability insurance in Maine.
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Updated: October 27, 2025
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Best Professional Liability Insurance in Maine: Key Takeaways
NEXT is our top pick for professional liability insurance in Maine, followed by The Hartford and Simply Business.
Your industry risk, client contracts, potential claim costs and budget determine the best Maine professional liability insurance for you.
Assess your needs first, then compare quotes from multiple providers to find the best small business insurance that addresses your professional liability needs in Maine.
Find Insurance for Your Business
Select your industry and state to get a customized quote.
Industry
State
Best Professional Liability Insurance Companies in Maine
| NEXT Insurance | 4.74 | $62 |
| The Hartford | 4.61 | $63 |
| Simply Business | 4.52 | $66 |
| Coverdash | 4.44 | $67 |
| biBERK | 4.43 | $69 |
| Nationwide | 4.43 | $72 |
| Progressive Commercial | 4.37 | $66 |
| Hiscox | 4.36 | $67 |
| Chubb | 4.26 | $77 |
| Thimble | 4.25 | $66 |
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 alone won't cover all risks your Maine business faces. Other coverage types work together to create complete financial protection.
Best Maine 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 Maine businesses.
NEXT
Overall Best Provider
MoneyGeek Rating
4.7/ 5
4.7/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Premium
$62These 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
4.6/ 5
4.6/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average Monthly Premium
$63These 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 Maine
NEXT offers the cheapest professional liability insurance in Maine at $62 monthly ($750 annually). The Hartford provides another affordable option for business owners at $63 per month.
| NEXT Insurance | $63 | $750 |
| The Hartford | $63 | $752 |
| Simply Business | $66 | $788 |
| Thimble | $66 | $794 |
| Progressive Commercial | $66 | $796 |
| Hiscox | $67 | $802 |
| Coverdash | $67 | $807 |
| biBERK | $69 | $830 |
| Nationwide | $72 | $859 |
| Chubb | $77 | $923 |
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 Maine
Professional liability insurance costs $68 monthly ($810 annually) in Maine, which is $10 less than the national average. Home-based businesses pay around $32 per month, while mortgage brokers average $144. Rates also vary based on business location, claims history and coverage limits.
| Accountants | $126 | $1,512 |
| Ad Agency | $85 | $1,014 |
| Auto Repair | $71 | $853 |
| Automotive | $66 | $791 |
| Bakery | $46 | $556 |
| Barber | $37 | $449 |
| Beauty Salon | $42 | $508 |
| Bounce House | $53 | $631 |
| Candle | $36 | $436 |
| Cannabis | $105 | $1,254 |
| Catering | $68 | $821 |
| Cleaning | $48 | $580 |
| Coffee Shop | $52 | $628 |
| Computer Programming | $90 | $1,075 |
| Computer Repair | $54 | $648 |
| Construction | $68 | $812 |
| Consulting | $94 | $1,128 |
| Contractor | $55 | $663 |
| Courier | $44 | $527 |
| DJ | $39 | $471 |
| Daycare | $94 | $1,131 |
| Dental | $73 | $881 |
| Dog Grooming | $49 | $591 |
| Drone | $92 | $1,107 |
| Ecommerce | $54 | $646 |
| Electrical | $56 | $675 |
| Engineering | $92 | $1,098 |
| Excavation | $59 | $711 |
| Florist | $33 | $392 |
| Food | $96 | $1,156 |
| Food Truck | $51 | $617 |
| Funeral Home | $69 | $832 |
| Gardening | $35 | $422 |
| HVAC | $71 | $851 |
| Handyman | $48 | $574 |
| Home-based business | $32 | $383 |
| Hospitality | $63 | $758 |
| Janitorial | $43 | $516 |
| Jewelry | $52 | $629 |
| Junk Removal | $59 | $703 |
| Lawn/Landscaping | $45 | $543 |
| Lawyers | $129 | $1,552 |
| Manufacturing | $52 | $624 |
| Marine | $76 | $908 |
| Massage | $92 | $1,106 |
| Mortgage Broker | $144 | $1,728 |
| Moving | $71 | $852 |
| Nonprofit | $44 | $525 |
| Painting | $56 | $669 |
| Party Rental | $47 | $567 |
| Personal Training | $60 | $726 |
| Pest Control | $82 | $979 |
| Pet | $40 | $479 |
| Pharmacy | $51 | $608 |
| Photography | $56 | $668 |
| Physical Therapy | $82 | $990 |
| Plumbing | $77 | $930 |
| Pressure Washing | $51 | $610 |
| Real Estate | $108 | $1,293 |
| Restaurant | $72 | $859 |
| Retail | $48 | $575 |
| Roofing | $84 | $1,010 |
| Security | $87 | $1,044 |
| Snack Bars | $41 | $496 |
| Software | $82 | $982 |
| Spa/Wellness | $95 | $1,143 |
| Speech Therapist | $86 | $1,037 |
| Startup | $63 | $750 |
| Tech/IT | $87 | $1,040 |
| Transportation | $82 | $986 |
| Travel | $85 | $1,016 |
| Tree Service | $66 | $797 |
| Trucking | $97 | $1,162 |
| Tutoring | $53 | $637 |
| Veterinary | $99 | $1,185 |
| Wedding Planning | $67 | $803 |
| Welding | $66 | $790 |
| Wholesale | $54 | $653 |
| Window Cleaning | $54 | $648 |
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 Maine?
Professional liability insurance requirements in Maine depend on your specific profession. Healthcare providers, attorneys and certain other professionals face mandatory coverage rules, while many fields operate without legal requirements. Your coverage amount should reflect your risk exposure and client expectations, even when optional. Higher-risk professions typically 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 Maine carry greater liability exposure than others, directly affecting how much coverage you need. Technology consultants and architects working in Portland's growing business district face higher risks. Real estate agents' and accountants' professional liability risks are lower, especially if they're serving smaller Maine communities. Your industry's typical claim frequency and severity should guide your coverage amount decision.
Client Requirements
Many clients and contracts in Maine require proof of professional liability insurance at specific limits before they'll work with you. Corporations, government contracts, and large organizations like Maine's hospital systems often set minimum coverage levels of $1 million or more. Meeting these requirements is essential for winning and maintaining business relationships across the state.
Potential Claim Costs
Your coverage should reflect the possible financial impact of a lawsuit in Maine's legal system. Small mistakes might result in minor penalties of a few thousand dollars, while errors in larger projects could lead to six-figure damages plus substantial legal fees. Consider both the size of projects you handle and the potential ripple effects of professional errors when choosing coverage limits.
How to Get the Best Professional Liability Insurance in Maine
Our step-by-step guide on how to get business insurance that's right for your budget and professional liability needs.
- 1Evaluate Your Risk Exposure
Different businesses face varying liability risks in Maine. A local architect typically needs higher coverage limits than an independent marketing consultant. Review your industry standards and client contract requirements to determine appropriate coverage amounts.
- 2Partner With Local Agents
Look for an agent who knows Maine's business landscape and understands how your small business liability insurance cost varies by location and industry. Local expertise helps match your coverage to regional industry needs and state regulations. These agents understand which insurers work best for Maine businesses.
- 3Collect Multiple Insurance Quotes
Request quotes from at least three insurers, comparing cheap business liability insurance rates and policy terms like exclusions and deductibles. A $1,000,000 policy can vary significantly in actual protection offered.
- 4Verify Insurer Financial Strength
When researching small business insurance in Maine, look beyond price. Research each insurance company's AM Best rating and claims-handling reputation before deciding. Strong financial ratings indicate the insurer can pay claims when needed. Professional reviews and industry experience in your field also matter for reliable service.
- 5Explore Bundling Options
Many insurers in the state offer discounts when you combine different types of business insurance coverage. For example, get professional liability with general liability or business owner's policies. Bundling often reduces overall costs while simplifying your insurance management. Ask agents about available package deals.
- 6Maintain Continuous Policy Coverage
Professional liability insurance only covers claims filed while your policy remains active. When switching insurers, ensure your new policy includes prior acts coverage or purchase tail coverage. Coverage gaps leave you vulnerable to expensive lawsuits from past work.
How to Prevent Professional Liability Claims in Maine
Most professional liability claims in Maine result from poor communication and vague client expectations rather than actual professional mistakes. Small disputes can still cost thousands in legal fees. These proven strategies help 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 conflict over additional work and prevents misunderstandings about 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 maintain transparency and prevent disputes.
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 your work, decisions made and the rationale behind key choices. This documentation demonstrates your professional diligence and can provide valuable protection if your work is questioned later.
Maine Professional Liability: Bottom Line
Professional liability insurance selection in Maine requires understanding your business risks and client demands first. NEXT leads our rankings, but your industry type, contract requirements and budget constraints should drive your final choice. Assess your specific needs, then connect with a local agent to compare coverage options that deliver solid financial protection for your business.
Maine Professional Liability Insurance: FAQ
Here are frequently asked questions about professional liability insurance in Maine.
What does professional liability insurance cost in Maine?
Professional liability insurance in Maine costs between $62 and $77 monthly. Your premium depends on your industry's risk level, claims history, coverage limits and business location, with rates varying significantly between providers.
Which professional liability insurance company is best in Maine?
NEXT ranks as the top professional liability insurance company in Maine, scoring 4.74 out of 5 for its affordable rates and excellent customer service. The Hartford follows closely in second place, while Simply Business rounds out the top three with competitive options for small businesses.
How much professional liability coverage do I need in Maine?
Professional liability coverage amounts in Maine depend on your industry's risk level, client contract requirements and potential lawsuit costs. Higher-risk professions like architects and consultants typically need greater coverage limits, while lower-risk businesses 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 both protect you from claims about mistakes in your professional services. Some industries prefer one term over the other, but the coverage works identically regardless of what you call it.
How We Scored the Best Professional Liability Insurance Companies in Maine
A professional liability lawsuit can devastate a small business in Maine or force it to close permanently. We evaluated insurers statewide to identify which companies provide the most reliable financial protection for businesses from startups to well-established firms.
Our Scoring System
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Affordability (50%): Cost drives most small business insurance decisions. We weighted affordability highest because local businesses need strong coverage that fits their budget constraints.
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Customer experience (30%): Professional liability claims create significant stress for business owners. We analyzed service quality through J.D. Power ratings and complaint records from the state's Department of Insurance.
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Coverage options (15%): We reviewed policy flexibility and exclusions to ensure they address the specific needs of professional services operating in the state.
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Financial strength (5%): AM Best financial ratings confirmed each recommended insurer maintains the stability needed to pay professional liability 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
- Alli. "Provider Insurance Requirements." Accessed November 8, 2025.
- Trustpilot. "nextinsurance.com Reviews." Accessed November 8, 2025.