ERGO NEXT ranks first in MoneyGeek's analysis of Maryland professional liability insurance providers, combining competitive rates with highly rated customer service and digital tools. The Hartford is Maryland's cheapest professional indemnity insurer at $68 monthly ($6 below the state average). Simply Business and Coverdash follow as strong alternatives for professionals seeking top errors and omissions insurance in Maryland.
Best Professional Liability Insurance in Maryland
Get MD professional liability insurance quotes starting at $25 monthly from MoneyGeek's top companies like ERGO NEXT, The Hartford and Simply Business.
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Updated: January 30, 2026
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Professional Liability Insurance in Maryland: Key Takeaways
ERGO NEXT provides the best professional liability insurance in Maryland, while The Hartford delivers the most affordable coverage starting at $68 monthly (Read More).
Professional liability insurance costs in Maryland average $74 monthly ($889 annually), placing the state among the more affordable options nationwide (Read More).
Professional liability insurance protects Maryland businesses against claims from professional errors, missed deadlines and negligence that could result in costly lawsuits (Read More).
Maryland doesn't require professional liability insurance for most businesses, though certain regulated professions like health care providers and attorneys need coverage (Read More).
Getting small business insurance quotes from multiple providers helps Maryland businesses find professional liability coverage that matches their specific risks and budget (Read More).
Best Professional Liability Insurance Companies in Maryland
| ERGO NEXT | 4.71 | $70 |
| The Hartford | 4.61 | $68 |
| Simply Business | 4.50 | $73 |
| Coverdash | 4.45 | $74 |
| Nationwide | 4.43 | $79 |
| biBERK | 4.41 | $76 |
| Progressive Commercial | 4.39 | $72 |
| Hiscox | 4.35 | $74 |
| Chubb | 4.25 | $85 |
| Thimble | 4.25 | $72 |
How Did We Determine the Best Professional Liability Insurance in Maryland?
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 IN MARYLAND
Beyond professional liability insurance in Maryland, we've provided the following state-specific resources to get the best coverage for your business:
1. ERGO NEXT: Best Professional Liability Insurance in MD
pros
Ranks first for customer service and digital experience
Top-rated policy management with instant certificate access
Second-best coverage options and affordability scores
Highest customer recommendation and renewal likelihood ratings
cons
Less than 10 years in business
Claims process ranks fourth nationally
COMPANY HIGHLIGHTS
ERGO NEXT leads Maryland professional liability insurance with first-place rankings for customer service, digital experience and policy management. At $70 monthly, Baltimore consultants and Rockville tech professionals customize coverage types and limits in under 10 minutes without an agent, receiving instant certificates. Customers praise the personalized coverage matching and mobile app (4.9 out of 5 stars on the Apple Store).
2. The Hartford: Cheapest Professional Liability Insurance in MD
pros
Lowest professional liability rates in Maryland
Best claims handling and overall satisfaction rankings nationally
Strongest financial stability with A++ Superior rating
Specialized coverage for tech, legal and medical professionals
cons
Digital experience ranks 10th nationally
Not available in Alaska and Hawaii
COMPANY HIGHLIGHTS
The Hartford leads Maryland for affordability, saving business owners $6 monthly ($75 annually) compared to the state average. At $68 monthly, Annapolis consultants and Frederick law firms get claims paid faster (ranked first nationally for claims handling) with little risk of coverage gaps thanks to The Hartford's A++ Superior financial rating. The insurer's 200+ years of experience translates to specialized policies for tech, legal and medical professionals that understand industry-specific risks better than generic coverage.
3. Simply Business: Best Professional Liability Insurance Coverage Options in MD
pros
Ranks first for coverage options with 16+ carrier network
Broker model finds policies for hard-to-insure businesses
Third-best digital experience for comparing quotes in 10 minutes
Backed by Travelers' A++ Superior financial rating
cons
Claims process ranks eighth nationally
Higher rates than direct insurers
Overall customer satisfaction ranks seventh
COMPANY HIGHLIGHTS
Simply Business leads Maryland for coverage options by connecting you to 16+ carriers instead of a single insurer's policies. Silver Spring tech consultants rejected by direct insurers and Bethesda health care practices with complex risks find specialized coverage through this broker network. You'll compare multiple quotes in 10 minutes without calling individual insurers, paying $73 monthly for broader access direct insurers like ERGO NEXT or The Hartford.
Average Cost of Professional Liability Insurance in Maryland
Professional liability insurance costs in Maryland vary by industry. Home-based businesses pay the most affordable rates at around $35 per month, while mortgage brokers face the highest average costs at approximately $160 per month. You can find specific rates for your industry using the filtering tool below to compare options.
Data filtered by:
Select
| Accountants | $141 | $1,688 |
| Ad Agency | $93 | $1,116 |
| Auto Repair | $79 | $950 |
| Automotive | $71 | $858 |
| Bakery | $51 | $612 |
| Barber | $41 | $490 |
| Beauty Salon | $46 | $558 |
| Bounce House | $56 | $676 |
| Candle | $40 | $481 |
| Cannabis | $120 | $1,446 |
| Catering | $75 | $902 |
| Cleaning | $52 | $621 |
| Coffee Shop | $58 | $699 |
| Computer Programming | $102 | $1,223 |
| Computer Repair | $60 | $720 |
| Construction | $72 | $867 |
| Consulting | $102 | $1,221 |
| Contractor | $61 | $726 |
| Courier | $47 | $562 |
| DJ | $44 | $523 |
| Daycare | $103 | $1,238 |
| Dental | $80 | $961 |
| Dog Grooming | $53 | $632 |
| Drone | $100 | $1,205 |
| Ecommerce | $59 | $704 |
| Electrical | $60 | $722 |
| Engineering | $101 | $1,209 |
| Excavation | $64 | $764 |
| Florist | $36 | $436 |
| Food | $107 | $1,285 |
| Food Truck | $56 | $676 |
| Funeral Home | $78 | $934 |
| Gardening | $38 | $456 |
| HVAC | $77 | $918 |
| Handyman | $52 | $625 |
| Home-based business | $35 | $423 |
| Hospitality | $70 | $839 |
| Janitorial | $48 | $571 |
| Jewelry | $58 | $694 |
| Junk Removal | $64 | $763 |
| Lawn/Landscaping | $49 | $584 |
| Lawyers | $139 | $1,665 |
| Manufacturing | $57 | $689 |
| Marine | $83 | $999 |
| Massage | $102 | $1,219 |
| Mortgage Broker | $160 | $1,919 |
| Moving | $78 | $939 |
| Nonprofit | $48 | $574 |
| Painting | $61 | $731 |
| Party Rental | $52 | $627 |
| Personal Training | $67 | $803 |
| Pest Control | $89 | $1,069 |
| Pet | $45 | $535 |
| Pharmacy | $55 | $654 |
| Photography | $62 | $740 |
| Physical Therapy | $90 | $1,080 |
| Plumbing | $86 | $1,031 |
| Pressure Washing | $54 | $645 |
| Real Estate | $118 | $1,418 |
| Restaurant | $77 | $919 |
| Retail | $53 | $635 |
| Roofing | $92 | $1,100 |
| Security | $96 | $1,158 |
| Snack Bars | $45 | $538 |
| Software | $91 | $1,086 |
| Spa/Wellness | $104 | $1,254 |
| Speech Therapist | $95 | $1,145 |
| Startup | $70 | $839 |
| Tech/IT | $93 | $1,112 |
| Transportation | $91 | $1,096 |
| Travel | $90 | $1,085 |
| Tree Service | $72 | $868 |
| Trucking | $106 | $1,269 |
| Tutoring | $58 | $698 |
| Veterinary | $111 | $1,330 |
| Wedding Planning | $73 | $882 |
| Welding | $73 | $874 |
| Wholesale | $61 | $731 |
| Window Cleaning | $59 | $709 |
How Did We Determine These Maryland Professional Liability Insurance 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.
What Does Maryland Professional Liability Insurance Cover?
Maryland professional liability insurance protects your business when clients claim you made mistakes or failed to deliver promised services. The coverage pays for damages you owe and handles legal costs when these disputes arise. This insurance goes by several different names:
- Errors and omissions insurance (E&O)
- Malpractice insurance (specialized type, typically in legal and medical fields)
- Professional indemnity insurance
How Much Professional Liability Insurance Do I Need in Maryland?
Maryland doesn't require most businesses to carry professional liability insurance. Medical professionals are the exception, needing $1 million per occurrence and $3 million aggregate annually to meet hospital privileges and contractual obligations. Other professionals need $1 million per occurrence and $2 million aggregate to satisfy client contracts. Baltimore city contracts require specific limits depending on project scope.
Who Needs Professional Liability Insurance in Maryland?
Professionals in Maryland dealing with client contracts or professional negligence claims need professional liability insurance. The state's economy spans government contracting, biotechnology, health care and professional services, creating liability exposure across multiple industries.
Tech professionals
Maryland's cybersecurity sector along the I-270 corridor serves federal agencies like the NSA and U.S. Cyber Command at Fort Meade, creating high-stakes data breach exposure. The regional cybersecurity workforce supply is stronger than anywhere else in the world, making tech E&O insurance essential for protecting against client lawsuits over system failures or security breaches.
Medical professionals
Maryland's licensing laws for physicians and other medical professionals do not require medical professional liability insurance, but hospital privileges and practice agreements mandate $1 million per occurrence and $3 million aggregate coverage. Prominent health care institutions like Johns Hopkins create elevated malpractice exposure for physicians and allied health professionals statewide.
Financial and consulting professionals
Proximity to Washington D.C. fuels Maryland's robust professional services sector serving federal agencies and government contractors. Financial advisors, CPAs and consultants risk claims over investment losses, accounting errors or flawed business advice, making professional liability coverage critical for protecting assets.
Construction and contractors
Licensed contractors must show proof of current $50,000 liability insurance through the Maryland Home Improvement Commission. Construction professionals working on homes and commercial projects need additional professional liability coverage beyond general liability to address claims of defective workmanship or failure to meet contract specifications.
Real estate professionals
The Maryland Real Estate Commission regulates approximately 40,000 active licensees serving the Baltimore-Washington corridor market. Errors and omissions insurance for real estate protects agents and brokers from claims over undisclosed property defects, contract mistakes or missed disclosure requirements under Maryland law.
How to Get the Best Professional Liability Insurance in Maryland
Our step-by-step guide walks you through how to get business insurance in Maryland that matches your professional liability needs and budget. Follow these six steps to secure coverage that protects your business.
- 1Assess your professional liability insurance coverage needs
Evaluate your business risks, client contract requirements and federal agency standards if you serve government clients. A Bethesda cybersecurity consultant serving NSA contractors needs $2 million aggregate coverage, while a Frederick freelance graphic designer may need only $1 million.
- 2Work with a local agent
Find an agent who knows Maryland's I-270 tech corridor and Baltimore's professional services market, understanding how business insurance costs differ by region. Rockville IT consultants serving federal clients encounter different underwriting criteria than Baltimore health care practices, requiring specialized agent knowledge.
- 3Get quotes and compare coverage details
Request quotes from at least three insurers, comparing both affordable business insurance rates and policy terms like cyber liability exclusions and prior acts coverage. A Silver Spring financial advisor managing federal employee retirement accounts should prioritize errors and omissions limits over premium savings.
- 4Research the best providers
When researching insurers in Maryland's competitive market, prioritize strong AM Best ratings, claims experience in your industry and understanding of Maryland's federal contracting environment or biotechnology sector compliance requirements. Check reviews from other Maryland professionals in your field.
- 5Consider bundling discounts
Maryland insurers offer bundled rates when you combine professional liability with general liability and cyber coverage. An Annapolis CPA firm serving government contractors saves $1,200 annually (18% discount) by bundling three types of business insurance through one carrier.
- 6Don't let your coverage lapse
Professional liability policies protect you from lawsuits filed while your policy is active, even for work completed years earlier. A Baltimore consultant losing federal contracts due to coverage gaps should maintain continuous protection or purchase tail coverage (extended reporting coverage) when switching carriers.
Get Maryland Professional Liability Insurance Quotes
MoneyGeek matches Maryland professionals to professional liability insurance providers based on your industry and coverage needs. Use our tool below to get your top company match and customized quotes for your business.
Get Matched to the Best MD Professional Liability Insurer for You
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Maryland Professional Liability: Bottom Line
Finding the best professional liability insurance in Maryland requires understanding your business risks and selecting the right provider. ERGO NEXT leads our rankings, but your industry needs, client contracts and budget should guide your decision. Start by evaluating your requirements, then work with a Maryland agent to compare insurers and secure coverage that protects your business.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.