ERGO NEXT earns the highest rating for professional liability insurance in Minnesota, offering competitive rates, excellent customer service and seamless digital management. The Hartford ranks as the cheapest professional indemnity insurer in the state at $67 monthly ($804 annually), which saves Minnesota businesses $6 compared to the average. Simply Business, Coverdash and Nationwide also make strong contenders for top errors and omissions insurance in Minnesota.
Best Professional Liability Insurance in Minnesota
Get MN professional liability insurance quotes starting at $24 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 Minnesota: Key Takeaways
ERGO NEXT provides the best professional liability insurance in Minnesota, while The Hartford offers the most affordable coverage starting at $67 monthly (Read More).
Professional liability insurance costs in Minnesota average $73 monthly, placing the state among the more affordable options nationwide (Read More).
Professional liability insurance protects Minnesota businesses from financial losses due to professional mistakes, negligence claims and failure to deliver promised services (Read More).
Minnesota doesn't mandate professional liability insurance for most businesses, though health care providers, attorneys and other licensed professionals have industry requirements (Read More).
Minnesota business owners should request small business insurance quotes from multiple providers to secure the best professional liability coverage for their specific needs (Read More).
Best Professional Liability Insurance Companies in Minnesota
| ERGO NEXT | 4.69 | $68 |
| The Hartford | 4.62 | $67 |
| Simply Business | 4.48 | $71 |
| Coverdash | 4.42 | $73 |
| Nationwide | 4.42 | $77 |
| biBERK | 4.41 | $74 |
| Progressive Commercial | 4.36 | $71 |
| Hiscox | 4.33 | $73 |
| Chubb | 4.25 | $83 |
| Thimble | 4.20 | $72 |
How Did We Determine the Best Professional Liability Insurance in Minnesota?
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 MINNESOTA
Professional liability insurance in Minnesota is just one piece of your business protection puzzle. Explore these additional state-specific guides to build comprehensive coverage:
1. ERGO NEXT: Best Professional Liability Insurance in MN
pros
Tops MoneyGeek's analysis on insurers in Minnesota for professional liability insurance
Ranks first for their customer service experience
Allows coverage in 10 minutes with instant certificates
Offers competitive professional liability rates
Personalized coverage matching for both types and limit amounts
cons
Founded 2016, less than 10 years in business
Claims process ranks fourth in customer survey ratings
COMPANY HIGHLIGHTS
ERGO NEXT earns MoneyGeek's highest rating for Minnesota professional liability insurance, ranking first overall with exceptional customer service and digital experience scores. Minneapolis consultants and St. Paul accountants benefit from coverage in 10 minutes without agent appointments, instant certificate access through the mobile app and 24/7 policy management at $68 monthly ($817 annually). The digital-first platform provides personalized coverage matching backed by Munich Re's A+ Superior AM Best financial strength.
2. The Hartford: Cheapest Professional Liability Insurance in MN
pros
Lowest professional liability insurance rates in Minnesota at $67 monthly
Tops claims process and overall satisfaction in customer surveys
A+ Superior AM Best rating with 200+ years of experience
Specialized E&O coverage for tech, legal and medical professionals
cons
Digital experience ranks tenth compared to other national insurers
Not available in Alaska or Hawaii
COMPANY HIGHLIGHTS
The Hartford offers Minnesota's cheapest professional liability insurance at $67 monthly ($798 annually), saving businesses $77 annually compared to the state average. Duluth tech consultants and Rochester medical professionals gain specialized E&O coverage with industry-leading claims handling, which is why The Hartford ranks first for both claims process and overall satisfaction. The insurer's A+ Superior AM Best rating and 200+ years of experience provide personalized coverage packages for high-risk industries, though its digital experience ranks tenth nationally.
3. Simply Business: Best Professional Liability Insurance Coverage Options in MN
pros
Ranks first for coverage options with access to 15+ carriers
Digital experience ranks third with 10-minute online quote process
Broker model finds coverage for hard-to-insure businesses others reject
Backed by Travelers' ownership and partner carriers' A+ Superior ratings
cons
Claims process ranks eighth compared to direct insurance competitors
Overall satisfaction and renewal likelihood both rank seventh nationally
More expensive than other providers in MoneyGeek's study
COMPANY HIGHLIGHTS
Simply Business ranks third in Minnesota for professional liability insurance through its broker model connecting businesses to 15+ carrier partners including Travelers, CNA, Hiscox and Markel. Minneapolis consultants and Duluth contractors benefit from the provider's coverage flexibility at $71 monthly ($855 annually), accessing specialized policies unavailable from direct insurers. Simply Business proves valuable for hard-to-insure businesses that other providers reject, though claims processing ranks eighth nationally.
Average Cost of Professional Liability Insurance in Minnesota
Professional liability insurance costs in Minnesota vary by industry. Home-based businesses pay the most affordable rates at around $35 per month, while mortgage brokers face the highest costs at approximately $154 per month. You can find specific rates for your industry using the filtering tool below to compare options.
Data filtered by:
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| Accountants | $137 | $1,639 |
| Ad Agency | $92 | $1,101 |
| Auto Repair | $78 | $942 |
| Automotive | $70 | $839 |
| Bakery | $50 | $599 |
| Barber | $40 | $476 |
| Beauty Salon | $46 | $555 |
| Bounce House | $56 | $677 |
| Candle | $39 | $468 |
| Cannabis | $115 | $1,378 |
| Catering | $74 | $893 |
| Cleaning | $51 | $608 |
| Coffee Shop | $57 | $689 |
| Computer Programming | $98 | $1,170 |
| Computer Repair | $58 | $699 |
| Construction | $71 | $850 |
| Consulting | $100 | $1,204 |
| Contractor | $59 | $711 |
| Courier | $48 | $570 |
| DJ | $43 | $515 |
| Daycare | $103 | $1,232 |
| Dental | $77 | $930 |
| Dog Grooming | $51 | $613 |
| Drone | $99 | $1,191 |
| Ecommerce | $58 | $701 |
| Electrical | $59 | $711 |
| Engineering | $97 | $1,166 |
| Excavation | $64 | $771 |
| Florist | $35 | $423 |
| Food | $104 | $1,253 |
| Food Truck | $55 | $661 |
| Funeral Home | $76 | $908 |
| Gardening | $38 | $455 |
| HVAC | $77 | $924 |
| Handyman | $51 | $616 |
| Home-based business | $35 | $422 |
| Hospitality | $69 | $833 |
| Janitorial | $47 | $560 |
| Jewelry | $57 | $688 |
| Junk Removal | $63 | $751 |
| Lawn/Landscaping | $49 | $583 |
| Lawyers | $134 | $1,607 |
| Manufacturing | $57 | $682 |
| Marine | $82 | $988 |
| Massage | $101 | $1,207 |
| Mortgage Broker | $154 | $1,843 |
| Moving | $78 | $935 |
| Nonprofit | $47 | $568 |
| Painting | $60 | $724 |
| Party Rental | $52 | $620 |
| Personal Training | $66 | $796 |
| Pest Control | $89 | $1,068 |
| Pet | $43 | $520 |
| Pharmacy | $53 | $639 |
| Photography | $59 | $707 |
| Physical Therapy | $88 | $1,051 |
| Plumbing | $85 | $1,017 |
| Pressure Washing | $54 | $643 |
| Real Estate | $121 | $1,449 |
| Restaurant | $76 | $917 |
| Retail | $51 | $613 |
| Roofing | $93 | $1,115 |
| Security | $94 | $1,124 |
| Snack Bars | $45 | $546 |
| Software | $90 | $1,078 |
| Spa/Wellness | $105 | $1,260 |
| Speech Therapist | $91 | $1,097 |
| Startup | $67 | $807 |
| Tech/IT | $92 | $1,104 |
| Transportation | $88 | $1,061 |
| Travel | $90 | $1,077 |
| Tree Service | $72 | $859 |
| Trucking | $105 | $1,263 |
| Tutoring | $57 | $686 |
| Veterinary | $109 | $1,312 |
| Wedding Planning | $73 | $876 |
| Welding | $73 | $876 |
| Wholesale | $58 | $696 |
| Window Cleaning | $59 | $707 |
How Did We Determine These Minnesota 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 Minnesota Professional Liability Insurance Cover?
Minnesota professional liability insurance protects your business when clients claim you made mistakes or failed to deliver promised services. The coverage handles liability damages from these situations and pays for legal costs when you face lawsuits. 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 Minnesota?
Most contracts require $1 million per occurrence and $2 million aggregate coverage. Minnesota doesn't mandate professional liability insurance for most businesses. Health care professionals aren't legally required to carry malpractice insurance, but hospitals granting admitting privileges typically require $1 million per claim and $3 million aggregate limits.
Who Needs Professional Liability Insurance in Minnesota?
Minnesota's professional services economy employs over 750,000 people across sectors requiring specialized liability protection. Businesses providing professional services, client advice or contract work should consider professional liability insurance to protect against claims of negligence and failure to meet contractual obligations. Certain professions face heightened exposure due to the nature of their work and industry-specific requirements.
Medical professionals
Minnesota doesn't legally require physicians to carry malpractice insurance, but most hospitals require $1 million per claim and $3 million aggregate coverage before granting admitting privileges. Health care providers in Minnesota's health care sector employing over 250,000 people benefit from some of the nation's lowest malpractice premiums while protecting against claims in a state with no damage caps.
Tech professionals
Minnesota's tech sector employs 380,000 people (12.4% of the state's workforce) with projected growth of 20,500 software development positions through 2030. Tech E&O insurance protects Minneapolis and St. Paul technology professionals from claims arising from software errors, data breaches, or missed project deadlines that cause clients financial harm.
Construction contractors
Minnesota requires residential building contractors working on projects over $15,000 to carry liability insurance with minimum limits of $100,000 per occurrence, $300,000 aggregate, and $25,000 in property damage coverage. Licensed contractors must maintain this coverage through the Minnesota Department of Labor and Industry to legally operate and access the state's Contractor Recovery Fund protections.
Financial and consulting professionals
Minnesota's Professional, Scientific and Technical Services sector employs over 112,000 people, with financial planners required to register as Investment Advisers when providing investment recommendations for fees. Financial advisors and consultants need professional liability coverage to protect against claims of negligent advice, misrepresentation or errors that cause clients financial losses, even though state law doesn't mandate coverage.
Lawyers and law professionals
Minnesota doesn't require attorneys to carry malpractice insurance (only Oregon and Idaho mandate it nationally), but claims against lawyers continue rising statewide. Law firms in Minneapolis and throughout Minnesota commonly carry professional liability coverage to protect against allegations of missed deadlines, inadequate representation or errors in legal advice that harm clients financially.
How to Get the Best Professional Liability Insurance in Minnesota
Our step-by-step guide walks you through how to get business insurance in Minnesota that matches your professional liability coverage needs and budget. Following these six steps helps you secure appropriate coverage for your business.
- 1Assess your professional liability insurance coverage needs
Start by understanding your business risks, client requirements and Minnesota's industry-specific considerations. A Minneapolis medical device consultant advising manufacturers faces different liability exposure than a Rochester health care IT specialist implementing electronic health records systems.
- 2Work with a local agent
Look for an agent who understands Minnesota's diverse business landscape, from the Twin Cities' Fortune 500 headquarters to Duluth's industrial sectors, and knows how business insurance costs differ across regions. Local agents can explain whether your St. Cloud manufacturing consultant needs different coverage than Minneapolis financial advisors working in the state's banking hub.
- 3Get quotes and compare coverage details
Request quotes from at least three insurers, comparing both affordable business insurance rates and policy specifics like tail coverage requirements and claim filing deadlines. A St. Paul attorney should examine coverage differences beyond premium costs, especially given Minnesota's four-year statute of limitations for malpractice claims.
- 4Research the best providers
When researching professional liability insurance in Minnesota, look beyond price to find insurers experienced with the state's tort reform environment and affidavit of merit requirements. Check AM Best ratings and seek providers familiar with Minnesota Statute 145.682, which requires expert affidavits demonstrating claim validity before proceeding with professional liability lawsuits.
- 5Consider bundling discounts
Many Minnesota insurers offer bundling incentives reflecting the state's competitive insurance market and diverse professional services economy. For example, a Bloomington engineering firm combining professional liability with commercial property coverage through a business owner's policy saves 18% compared to purchasing policies separately.
- 6Don't let your coverage lapse
Professional liability policies protect you only from lawsuits filed while your policy is active, critical in Minnesota where claims must be filed within four years of the alleged incident. An Edina health care consultant switching carriers should ensure their new policy covers prior acts or purchase tail coverage (extended reporting coverage) from their old insurer to maintain protection for past work.
Get Minnesota Professional Liability Insurance Quotes
MoneyGeek matches Minnesota businesses to professional liability insurance providers based on your industry and coverage requirements. Our tool connects you with carriers experienced in your field and generates customized quotes for comparison. Get matched to the right insurer for your specific business profile.
Get Matched to the Best MN Professional Liability Insurer for You
Select your industry and state to get a customized MN professional liability insurer match and get tailored quotes.
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Minnesota Professional Liability: Bottom Line
Finding the right professional liability insurance in Minnesota comes down to understanding your business risks and selecting the right provider. ERGO NEXT earns our top rating for overall value and customer service, but your industry, client contracts and budget should guide your decision. Start by assessing your coverage requirements, then let a local agent help you compare options and secure coverage that financially protects your Minnesota 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.