ERGO NEXT ranks first for professional liability insurance in Tennessee with competitive rates, highly rated customer service and a digital platform that lets you manage policies from your phone. The Hartford is the cheapest professional indemnity insurer in the state at $69 monthly, saving you $7 per month compared to Tennessee's average. Simply Business, Nationwide and Coverdash follow as the next in line top providers you should also consider in your search for the top errors and omissions insurance in TN.
Best Professional Liability Insurance in Tennessee
Get TN professional liability insurance quotes starting at $27 monthly from MoneyGeek's top companies like ERGO NEXT, The Hartford and Simply Business.
Get matched to the best professional liability insurance companies in Tennessee below.
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Updated: February 1, 2026
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Professional Liability Insurance in Tennessee: Key Takeaways
ERGO NEXT provides the best professional liability insurance in Tennessee, while The Hartford delivers the most affordable coverage starting at $69 monthly (Read More).
Professional liability insurance costs in Tennessee average $76 monthly or $909 annually, Â placing the state among the more affordable options nationwide (Read More).
Professional liability insurance protects Tennessee businesses from damages caused by professional mistakes, missed deadlines and claims of inadequate work performance (Read More).
Tennessee does not mandate professional liability insurance for most businesses, though certain regulated professions like health care providers have specific coverage requirements (Read More).
Tennessee business owners should request small business insurance quotes from multiple providers to compare coverage limits, deductibles and pricing for optimal value (Read More).
Best Professional Liability Insurance Companies in Tennessee
| ERGO NEXT | 4.70 | $71 |
| The Hartford | 4.62 | $69 |
| Simply Business | 4.49 | $75 |
| Nationwide | 4.43 | $80 |
| Coverdash | 4.43 | $76 |
| biBERK | 4.42 | $77 |
| Progressive Commercial | 4.37 | $73 |
| Hiscox | 4.35 | $75 |
| Chubb | 4.27 | $87 |
| Thimble | 4.20 | $75 |
How Did We Determine The Best Professional Liability Insurance in Tennessee?
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 TENNESSEE
Professional liability insurance represents just one piece of comprehensive business protection in Tennessee. Explore these additional state-specific guides to build complete coverage for your company:
1. ERGO NEXT: Best Professional Liability Insurance in TN
pros
Instant certificates available 24/7 via mobile app
Policy management rated highest by Tennessee policyholders
10-minute online purchase with same-day coverage
Personalized coverage matching for both types and limit amounts
cons
Claims processing ranks fourth nationally
Founded 2016, less industry experience than competitors
COMPANY HIGHLIGHTS
Tennessee business owners choose ERGO NEXT because you'll get covered in 10 minutes from your Nashville or Memphis office without agent callbacks. Your $71 monthly rate saves $5 compared to Tennessee's average. When a Knoxville client demands proof before signing contracts, you'll generate certificates instantly from your phone. If a Chattanooga client claims your missed deadline cost them money, your claim gets paid, with backing from Munich Re's A+ Superior rating. Tennessee owners rate ERGO NEXT highest for policy management because everything happens through one app when you're stressed about lawsuits.
2. The Hartford: Cheapest Professional Liability Insurance in TN
pros
Lowest professional liability rates in Tennessee at $69 monthly
Ranks first for claims process and overall satisfaction (4.5/5)
A+ Superior financial strength rating, over 200 years experience
Personalized E&O coverage options for tech, law and medical professionals
cons
Digital experience ranks last among insurers in MoneyGeek's study
Agent-based service with fewer self-service online options
COMPANY HIGHLIGHTS
You'll save $75 annually with The Hartford's $69 monthly rate compared to Tennessee's $76 average, which is the state's lowest professional liability cost. When a Knoxville client sues claiming your advice cost them money, claims specialists resolve cases faster than competitors. Tennessee owners working with Nashville agents report better communication and quicker resolutions. The Hartford's backing of Memphis accounting firms and Chattanooga consultants for over 200 years means your claim gets paid, supported by an A+ Superior rating. The app ranks 10th for digital tools, but Tennessee businesses choose The Hartford for claims handling when lawsuits arrive.
3. Simply Business: Best Professional Liability Insurance Coverage Options in TN
pros
Ranks first in coverage options with 16+ carriers offering specialized policies
Backed by Travelers' A++ Superior financial rating
Lets you compare multiple quotes in 10 minutes without calling insurers individually
Broker model secures coverage for businesses other insurers turn down
cons
Higher cost than other providers in MoneyGeek's study
Claims process ranks eighth nationally with slower resolution times
COMPANY HIGHLIGHTS
Simply Business's broker model works well for TN businesses that need specialized professional liability coverage or have been rejected by direct insurers. You'll pay $66 monthly, higher than competitors, but you get access to specialized policies through their network of 16+ carriers. Business owners with unique risks or complex insurance needs often find this broker approach worthwhile despite the higher cost.
Average Cost of Professional Liability Insurance in Tennessee
Professional liability insurance costs in Tennessee vary across industries. Home-based businesses pay the lowest rates at around $36 per month, while mortgage brokers pay the highest average cost of $164 per month. You can find specific pricing for your industry using the filtering tool below to compare rates tailored to your business type.
Data filtered by:
Select
| Accountants | $140 | $1,683 |
| Ad Agency | $94 | $1,128 |
| Auto Repair | $81 | $966 |
| Automotive | $73 | $877 |
| Bakery | $51 | $612 |
| Barber | $41 | $493 |
| Beauty Salon | $48 | $570 |
| Bounce House | $57 | $689 |
| Candle | $41 | $492 |
| Cannabis | $120 | $1,442 |
| Catering | $78 | $931 |
| Cleaning | $54 | $645 |
| Coffee Shop | $60 | $715 |
| Computer Programming | $102 | $1,226 |
| Computer Repair | $62 | $742 |
| Construction | $74 | $891 |
| Consulting | $103 | $1,239 |
| Contractor | $62 | $744 |
| Courier | $48 | $581 |
| DJ | $44 | $529 |
| Daycare | $105 | $1,266 |
| Dental | $81 | $975 |
| Dog Grooming | $55 | $654 |
| Drone | $104 | $1,243 |
| Ecommerce | $62 | $738 |
| Electrical | $62 | $745 |
| Engineering | $102 | $1,224 |
| Excavation | $65 | $776 |
| Florist | $38 | $450 |
| Food | $108 | $1,295 |
| Food Truck | $57 | $687 |
| Funeral Home | $79 | $950 |
| Gardening | $39 | $463 |
| HVAC | $80 | $956 |
| Handyman | $54 | $646 |
| Home-based business | $36 | $436 |
| Hospitality | $71 | $851 |
| Janitorial | $48 | $582 |
| Jewelry | $60 | $719 |
| Junk Removal | $65 | $780 |
| Lawn/Landscaping | $50 | $601 |
| Lawyers | $144 | $1,734 |
| Manufacturing | $57 | $684 |
| Marine | $85 | $1,024 |
| Massage | $103 | $1,232 |
| Mortgage Broker | $164 | $1,973 |
| Moving | $80 | $959 |
| Nonprofit | $50 | $598 |
| Painting | $62 | $745 |
| Party Rental | $53 | $637 |
| Personal Training | $69 | $830 |
| Pest Control | $93 | $1,111 |
| Pet | $45 | $536 |
| Pharmacy | $56 | $674 |
| Photography | $63 | $758 |
| Physical Therapy | $92 | $1,108 |
| Plumbing | $88 | $1,055 |
| Pressure Washing | $56 | $667 |
| Real Estate | $123 | $1,477 |
| Restaurant | $79 | $950 |
| Retail | $53 | $637 |
| Roofing | $94 | $1,123 |
| Security | $98 | $1,177 |
| Snack Bars | $45 | $544 |
| Software | $93 | $1,118 |
| Spa/Wellness | $108 | $1,298 |
| Speech Therapist | $95 | $1,136 |
| Startup | $70 | $837 |
| Tech/IT | $96 | $1,155 |
| Transportation | $94 | $1,123 |
| Travel | $95 | $1,141 |
| Tree Service | $73 | $876 |
| Trucking | $112 | $1,340 |
| Tutoring | $60 | $715 |
| Veterinary | $113 | $1,353 |
| Wedding Planning | $76 | $910 |
| Welding | $76 | $906 |
| Wholesale | $61 | $730 |
| Window Cleaning | $60 | $718 |
How Did We Determine These Tennessee 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 Tennessee Professional Liability Insurance Cover?
Professional liability insurance protects Tennessee businesses when clients claim you made mistakes or failed to deliver promised services. The policy covers damages from these allegations, plus your legal costs to defend against lawsuits. This coverage 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 Tennessee?
For most businesses in Tennessee, you won't be required to have professional liability coverage. Even so, you'll need $1 million per occurrence and $2 million aggregate per year coverage to cover contract work risk or you'll be required to have it in the health care industry (malpractice insurance) by those you work for. Health care is the only exception and sets its provider requirements at $1 million per occurrence and $3 million aggregate per year coverage.
Who Needs Professional Liability Insurance in Tennessee?
Businesses that handle client contracts or provide professional services face potential negligence claims and should consider professional liability insurance. Tennessee companies in certain industries have higher exposure and particularly benefit from errors and omissions coverage.
Tech professionals
Due to the sensitive nature of tech-related businesses concerning customer and commercial data, this industry needs professional liability insurance, but it is not required in Tennessee. Often, these professionals need specialized tech E&O insurance policies to ensure they are covered for all necessary risks.
Lawyers and law professionals
Lawyers often need a specialized type of professional liability insurance called malpractice insurance to protect them against risks related to negligence throughout the legal process. However, it is not required to get in Tennessee according to state law.
Financial and consulting professionals
If you are in the financial or consulting industry, your services are required to either protect clients' investments or help them grow their businesses. If you are unable to meet these obligations or a customer claims you are negligent towards those ends, you'll need professional liability insurance in Tennessee to protect you.
Medical professionals
Most medical professionals are required to have professional liability insurance in Tennessee, in the form of medical malpractice insurance. This is primarily due to the clear risks relating to illnesses, injuries, chronic conditions and death that may be caused while providing your services.
Contractor and construction professionals
While not explicitly required in Tennessee you may be required by clients to get professional liability insurance. It is also a good idea even if it is not required, since risks of negligence and damages done by employees is high in the contracting and construction industry.
How to Get the Best Professional Liability Insurance in Tennessee
MoneyGeek's detailed guide shows you how to get business insurance in Tennessee that fits your professional liability needs and budget.
- 1
Assess coverage needs
Understand your business risks and any client requirements you must meet. An architect in Memphis working on commercial projects will have different coverage needs than a freelance consultant in Knoxville serving small businesses. Review your contracts, services offered and potential liability exposures to determine appropriate coverage limits.
- 2
Work with a local agent
Look for an agent who understands Tennessee's business environment and knows how business insurance costs vary by region and industry. Local agents can explain whether your consulting firm in Nashville requires different protection than a similar business in Chattanooga's corporate setting. They understand state-specific regulations and coverage requirements.
- 3
Compare multiple quotes
Request quotes from at least three insurers and compare both affordable business insurance rates and policy terms such as exclusions and deductibles. For example, a Clarksville IT consultant should review coverage limits and policy conditions, not just the price, when evaluating $1 million liability plans. Focus on value, not just cost.
- 4
Research best providers
When evaluating business insurance in Tennessee, look beyond premiums. Choose insurers with strong financial stability, reliable claims handling and expertise in your industry. Check AM Best ratings and read feedback from professionals with similar business profiles in your area to ensure quality service.
- 5
Consider bundling discounts
Many Tennessee insurers offer savings when you combine professional liability insurance with other types of business insurance coverage, such as general liability or business owner's policies. A CPA firm in Hamilton County could save around 15% by bundling both types of coverage with the same carrier.
- 6
Maintain continuous coverage
Professional liability protection only applies to claims filed while the policy is active, even if the work was completed years earlier. A consultant in Franklin changing carriers should confirm the new policy includes prior acts coverage or purchase tail coverage from their previous insurer to stay protected.
Get Tennessee Professional Liability Insurance Quotes
MoneyGeek connects Tennessee businesses with top professional liability insurance providers. Our matching tool helps you find the right company for your industry and get personalized quotes. Use the tool below to compare options and secure coverage that fits your business needs.
Get Matched to the Best TN Professional Liability Insurer for You
Select your industry and state to get a customized TN professional liability insurer match and get tailored quotes.
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Tennessee Professional Liability: Bottom Line
Choosing professional liability insurance in Tennessee depends on your business risks and coverage needs. ERGO NEXT ranks as our top choice for Tennessee professionals, though your industry and budget determine the best fit. Assess your professional obligations and potential exposures before shopping. A local insurance agent can compare providers and help you find coverage that protects your business finances.
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.