NEXT offers the best professional liability insurance in Wyoming, with affordable rates and strong customer service. The Hartford ranks second, while Simply Business takes third place.
Professional Liability Insurance in Wyoming
NEXT earns the highest score of 4.72 out of 5 in our analysis of the best professional liability insurance in Wyoming.
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Updated: November 3, 2025
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Best Professional Liability Insurance in Wyoming: Key Takeaways
NEXT is our top pick for professional liability insurance in Wyoming, followed by The Hartford and Simply Business.
Your industry risk, client contracts, potential claim costs and budget determine the best Wyoming professional liability insurance for you.
Assess your needs first, then compare quotes from multiple providers to find the best professional liability insurance in Wyoming.
A professional liability lawsuit can destroy a small business in Wyoming or force it to close permanently. We examined insurers throughout the state to identify which companies provide the most reliable financial protection for businesses from new startups to well-established firms.
Our Scoring System
- Affordability (50%): Cost drives most small business insurance choices. We gave affordability the highest weight because finding quality coverage within budget is essential for business survival.
- Customer experience (30%): Professional liability claims create significant stress for business owners. We assessed service quality through J.D. Power ratings and complaint records from the Wyoming Department of Insurance.
- Coverage options (15%): We analyzed policy flexibility and exclusions specific to the state's diverse professional services market.
- Financial strength (5%): AM Best financial ratings helped us confirm each recommended insurer maintains the stability needed to pay claims reliably.
Find Insurance for Your Business
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Industry
State
Best Professional Liability Insurance Companies in Wyoming
| NEXT Insurance | 4.72 | $67 |
| The Hartford | 4.67 | $66 |
| Simply Business | 4.51 | $71 |
| Nationwide | 4.46 | $76 |
| Coverdash | 4.45 | $72 |
| biBERK | 4.43 | $74 |
| Progressive Commercial | 4.40 | $69 |
| Hiscox | 4.37 | $72 |
| Chubb | 4.29 | $82 |
| Thimble | 4.20 | $71 |
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 business risks in Wyoming. Smart business owners understand how different coverage types work together to create comprehensive financial protection.
Best Wyoming 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 Wyoming businesses.
NEXT
Overall Best Provider
MoneyGeek Rating
4.7/ 5
4.7/5Affordability
4.7/5Customer Experience
4.8/5Coverage Points
Average Monthly Premium
$67These 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
4.7/5Affordability
4.6/5Customer Experience
4.7/5Coverage Points
Average Monthly Premium
$66These 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 Wyoming
The Hartford offers the cheapest professional liability insurance in Wyoming at $66 monthly ($796 annually). NEXT provides another affordable option for business owners, with coverage starting at $67 per month.
| The Hartford | $66 | $796 |
| NEXT Insurance | $67 | $805 |
| Progressive Commercial | $69 | $832 |
| Simply Business | $71 | $851 |
| Thimble | $71 | $857 |
| Hiscox | $72 | $860 |
| Coverdash | $72 | $864 |
| biBERK | $74 | $882 |
| Nationwide | $76 | $916 |
| Chubb | $82 | $984 |
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 Wyoming
In Wyoming, professional liability insurance costs $72 monthly ($865 annually), $6 less than the national average. Home-based businesses pay around $35 per month, while mortgage brokers average $157. Rates also vary based on business location, claims history and coverage limits.
| Accountants | $133 | $1,600 |
| Ad Agency | $93 | $1,115 |
| Auto Repair | $77 | $927 |
| Automotive | $69 | $831 |
| Bakery | $49 | $587 |
| Barber | $39 | $466 |
| Beauty Salon | $46 | $546 |
| Bounce House | $55 | $657 |
| Candle | $39 | $473 |
| Cannabis | $114 | $1,365 |
| Catering | $72 | $869 |
| Cleaning | $52 | $624 |
| Coffee Shop | $55 | $666 |
| Computer Programming | $98 | $1,176 |
| Computer Repair | $59 | $708 |
| Construction | $71 | $857 |
| Consulting | $101 | $1,209 |
| Contractor | $58 | $693 |
| Courier | $46 | $553 |
| DJ | $42 | $499 |
| Daycare | $99 | $1,187 |
| Dental | $79 | $943 |
| Dog Grooming | $51 | $617 |
| Drone | $101 | $1,213 |
| Ecommerce | $56 | $668 |
| Electrical | $59 | $703 |
| Engineering | $98 | $1,171 |
| Excavation | $62 | $749 |
| Florist | $35 | $423 |
| Food | $102 | $1,229 |
| Food Truck | $56 | $677 |
| Funeral Home | $74 | $890 |
| Gardening | $37 | $442 |
| HVAC | $76 | $907 |
| Handyman | $50 | $600 |
| Home-based business | $35 | $416 |
| Hospitality | $69 | $831 |
| Janitorial | $46 | $551 |
| Jewelry | $57 | $679 |
| Junk Removal | $64 | $766 |
| Lawn/Landscaping | $48 | $570 |
| Lawyers | $132 | $1,589 |
| Manufacturing | $56 | $673 |
| Marine | $82 | $986 |
| Massage | $100 | $1,200 |
| Mortgage Broker | $157 | $1,884 |
| Moving | $75 | $903 |
| Nonprofit | $46 | $557 |
| Painting | $59 | $710 |
| Party Rental | $51 | $611 |
| Personal Training | $64 | $771 |
| Pest Control | $89 | $1,069 |
| Pet | $43 | $516 |
| Pharmacy | $53 | $634 |
| Photography | $60 | $721 |
| Physical Therapy | $85 | $1,017 |
| Plumbing | $83 | $996 |
| Pressure Washing | $53 | $630 |
| Real Estate | $117 | $1,408 |
| Restaurant | $76 | $914 |
| Retail | $50 | $597 |
| Roofing | $90 | $1,085 |
| Security | $93 | $1,118 |
| Snack Bars | $44 | $531 |
| Software | $87 | $1,046 |
| Spa/Wellness | $102 | $1,228 |
| Speech Therapist | $92 | $1,098 |
| Startup | $68 | $817 |
| Tech/IT | $93 | $1,112 |
| Transportation | $88 | $1,053 |
| Travel | $90 | $1,085 |
| Tree Service | $68 | $822 |
| Trucking | $101 | $1,215 |
| Tutoring | $55 | $662 |
| Veterinary | $109 | $1,303 |
| Wedding Planning | $72 | $864 |
| Welding | $70 | $841 |
| Wholesale | $58 | $691 |
| Window Cleaning | $59 | $704 |
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 Wyoming?
Professional liability insurance requirements in Wyoming depend on your specific profession. Health care providers, attorneys and certain licensed professionals often face mandatory coverage rules, while other industries rely on client contracts and risk management. Even without legal requirements, most professionals carry $1 million per occurrence and $3 million aggregate coverage.
Your coverage decision depends on three factors:
Your Industry Risk
Some industries in Wyoming carry greater liability exposure than others, directly affecting your coverage needs. High-risk fields like energy consultants working with oil and gas companies in Casper or architects designing buildings to withstand Wyoming's harsh weather conditions typically need higher coverage limits. Professional liability insurance for accountants in smaller towns like Laramie or real estate agents in rural communities are lower-risk businesses and may require less extensive coverage.
Client Requirements
Many clients and contracts in Wyoming require proof of professional liability insurance at specific minimum limits before you can begin work. Energy companies, government contracts through agencies in Cheyenne, and large corporations often mandate coverage levels of $1 million or more. Meeting these requirements is essential for securing and maintaining business relationships with major Wyoming employers and contractors.
Potential Claim Costs
Your coverage should reflect the possible financial impact of a professional liability lawsuit in Wyoming's legal environment. Small errors might result in minor damages and legal fees totaling thousands of dollars, while mistakes on larger projects like energy infrastructure or commercial developments could lead to six-figure damages plus substantial attorney costs. Consider the scale of your typical projects and client relationships when determining appropriate coverage limits.
How to Get the Best Professional Liability Insurance in Wyoming
Our step-by-step guide walks you through how to get business insurance in Wyoming that matches your professional liability needs and budget.
- 1Evaluate Your Business Risks
Different Wyoming businesses face varying liability exposures based on their industry and client base. A local architect typically needs higher coverage limits than an independent marketing consultant. Review your contracts to understand any minimum insurance requirements clients may demand.
- 2Choose a Local Agent
Look for an agent who knows Wyoming's business landscape and understands how business insurance costs vary by location and industry. They can recommend coverage amounts that match common industry standards in Wyoming. Local expertise helps you avoid gaps that generic online quotes might miss.
- 3Collect Multiple Quotes
Request quotes from at least three insurers, comparing affordable business insurance rates and policy terms like exclusions and deductibles. A $1,000 deductible policy may cost less upfront but prove expensive if you face frequent small claims.
- 4Research Insurer Reliability
When researching business insurance in Wyoming, look beyond price. Check AM Best ratings to confirm the insurer's financial stability and claims-paying ability. Read professional reviews and ask other business owners about their claims experiences. Strong insurers with A-rated financial strength handle claims more efficiently than weaker competitors.
- 5Explore Bundling Options
Many insurers offer discounts when you get different types of business insurance coverage from the same provider. Combining professional liability with general liability or business owner's policies reduces your total insurance costs while simplifying policy management. Ask agents about available package deals that fit your business needs.
- 6Maintain Continuous Coverage
Professional liability operates on a claims-made basis, meaning your policy must be active when someone files a claim against you. Gaps in coverage leave you vulnerable to lawsuits from past work. Purchase tail coverage or ensure prior acts protection when switching insurers to avoid dangerous coverage holes.
How to Prevent Professional Liability Claims in Wyoming
Many professional liability claims happen because of miscommunication and unclear client expectations, not actual mistakes. Even small disputes can lead to thousands in legal fees. Use these strategies to avoid problems and protect your business from 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
Create contracts that define responsibilities, timelines and deliverables in specific terms. Outline what is included and excluded from your services to avoid conflicts over additional work or unexpected costs.
Communicate Project Changes Immediately
Confirm all client-requested changes in writing before moving forward with any modifications. Document how these changes affect timelines, budgets and deliverables to prevent misunderstandings later.
Set Realistic Expectations Upfront
Be transparent about timelines, potential challenges and expected results from the start of each project. Honest communication 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 provides protection if your work quality is later questioned.
Wyoming Professional Liability: Bottom Line
Professional liability insurance decisions in Wyoming start with understanding your business risks and client needs. NEXT leads our rankings, but your industry requirements, contract obligations and budget matter most. Assess your coverage needs first, then connect with a local agent to compare options and secure strong financial protection for your business.
Wyoming Professional Liability Insurance: FAQ
Here are frequently asked questions about professional liability insurance in Wyoming.
What does professional liability insurance cost in Wyoming?
Professional liability insurance in Wyoming costs between $66 and $82 monthly, depending on your provider. The Hartford offers the most affordable rates, while Chubb sits at the higher end. Your actual premium depends on your industry's risk level, claims history, coverage limits and business location.
Which professional liability insurance company is best in Wyoming?
NEXT leads professional liability insurance in Wyoming with a 4.72 out of 5 rating for affordable coverage and strong customer service. The Hartford ranks second at 4.67, while Simply Business comes third at 4.51, both offering solid alternatives for professionals across the state.
How much professional liability coverage do I need in Wyoming?
Professional liability coverage needs in Wyoming vary based on your industry's risk level, client contract demands and potential lawsuit expenses. High-risk professions like architects and consultants need higher coverage limits, while businesses in lower-risk fields may require less protection to safeguard their operations adequately.
Are professional liability and E&O insurance the same thing?
Yes, they're the same coverage. 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.
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
- Alliance Health. "Provider Insurance Requirements." Accessed November 20, 2025.
- Better Business Bureau. "Next Insurance, Inc. | BBB Complaints." Accessed November 20, 2025.
- Better Business Bureau. "The Hartford Insurance Company | BBB Business Profile." Accessed November 20, 2025.
- Trustpilot. "nextinsurance.com Reviews." Accessed November 20, 2025.