Updated: November 15, 2025

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Cheapest Professional Liability Insurance Companies

We analyzed 10 major insurers and found that The Hartford offers the cheapest professional liability insurance at $72 monthly ($858 annually). That's $6 cheaper than the average cost of professional liability coverage, which is $78 monthly. NEXT, Progressive Commercial and Thimble are also affordable options, with monthly rates below $77.

(Get Cheap Coverage)

The Hartford$72$858
NEXT Insurance$72$867
Progressive Commercial$75$904
Thimble$76$914
Simply Business$76$917
Hiscox$77$928
Coverdash$78$933
biBERK$79$953
Nationwide$82$987
Chubb$89$1,062

How We Found The Cheapest Professional Liability Insurance Providers

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LEARN MORE ABOUT PROFESSIONAL LIABILITY INSURANCE

Professional liability insurance provides financial protection for businesses from claims alleging professional mistakes or negligence. This coverage typically includes legal defense costs and settlements or judgments, subject to policy limits and terms. You may also know it as errors and omissions (E&O) insurance or professional indemnity. Keep in mind that just because you should not consider just price and you should look for the best professional liability insurance overall for your situation balancing cost, customer service and coverage.

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The Hartford

Cheapest Professional Liability Insurance Company

MoneyGeek Rating
4.7/ 5
4.8/5Affordability
4.6/5Customer Experience
4.7/5Coverage Points

  • Average Cost of Professional Liability

    $72/month

  • Savings Compared to Industry Average

    $6/month

  • Claims Process Score

    4.5/5 (1st)

  • Customer Service Score

    4.7/5 (1st)

Cheapest Professional Liability Insurance Companies by Industry

The following companies are the cheapest insurers for professional liability insurance:

  • The Hartford: The Hartford offers the cheapest professional liability insurance across 71 out of 78 industries in our study with savings of up to $18 per month depending on your industry
  • Simply Business: Electricians can find the cheapest professional liability insurance with the company at rates of $42 per month which saves you 35% compared to the average.
  • NEXT Insurance: For food based businesses and vendors, NEXT has the lowest rates at $26 per month for professional liability policies.
  • Coverdash: The company ranks as the most affordable professional liability insurer for the contruction and engineering industry with average monthly premiums of $41 and $72 respectively.
  • Chubb: For those in the pharmaceutical and courier industries, Chubb is the most affordable option with rates starting at $34 monthly.

(Get Cheap Coverage)

AccountantsThe Hartford$130
Ad AgencyNationwide$47
Auto RepairThe Hartford$74
AutomotiveThe Hartford$67
BakeryThe Hartford$47
BarberThe Hartford$38
Beauty SalonThe Hartford$44
Bounce HouseThe Hartford$53
CandleThe Hartford$37
CannabisThe Hartford$110
CateringThe Hartford$71
CleaningThe Hartford$49
Coffee ShopThe Hartford$55
Computer ProgrammingThe Hartford$94
Computer RepairThe Hartford$56
ConstructionCoverdash$41
ConsultingThe Hartford$96
ContractorThe Hartford$45
CourierChubb$34
DJThe Hartford$41
DaycareThe Hartford$96
DentalThimble$62
Dog GroomingThe Hartford$49
DroneThe Hartford$95
EcommerceThe Hartford$55
ElectricalSimply Business$42
EngineeringCoverdash$72
ExcavationThe Hartford$61
FloristThe Hartford$34
FoodNEXT$26
Food TruckThe Hartford$52
Funeral HomeThe Hartford$73
GardeningThe Hartford$36
HVACThe Hartford$73
HandymanThe Hartford$48
Home-based businessThe Hartford$33
HospitalityThe Hartford$65
JanitorialThe Hartford$44
JewelryThe Hartford$55
Junk RemovalThe Hartford$60
Lawn/LandscapingThe Hartford$46
LawyersThe Hartford$130
ManufacturingThe Hartford$53
MarineThe Hartford$78
MassageThe Hartford$94
Mortgage BrokerThe Hartford$149
MovingThe Hartford$73
NonprofitThe Hartford$45
PaintingThe Hartford$57
Party RentalThe Hartford$49
Personal TrainingThe Hartford$63
Pest ControlThe Hartford$85
PetThe Hartford$41
PharmacyChubb$46
PhotographyThe Hartford$57
Physical TherapyThe Hartford$84
PlumbingThe Hartford$80
Pressure WashingThe Hartford$51
Real EstateThe Hartford$113
RestaurantThe Hartford$73
RetailThe Hartford$49
RoofingThe Hartford$87
SecurityThe Hartford$89
Snack BarsThe Hartford$43
SoftwareThe Hartford$85
Spa/WellnessThe Hartford$98
Speech TherapistThe Hartford$88
StartupThe Hartford$64
Tech/ITThe Hartford$88
TransportationThe Hartford$85
TravelThe Hartford$87
Tree ServiceThe Hartford$68
TruckingThe Hartford$99
TutoringThe Hartford$54
VeterinaryThe Hartford$103
Wedding PlanningThe Hartford$68
WeldingThe Hartford$68
WholesaleThe Hartford$55
Window CleaningThe Hartford$56

How We Found The Cheapest Professional Liability Insurance Providers By Industry

Cheapest Professional Liability Insurance Companies by State

Our study shows only two providers offering the cheapest rates across different states: The Hartford in 39 states and NEXT in 11 states. If your business is in North Carolina, you can save $5 monthly through Hartford, which offers professional liability coverage at $62. Small business owners pay the for E&O insurance in Louisiana, but The Hartford's monthly rate of $83 is $4 cheaper than the state average of $87.

(Get Cheap Coverage)

AlabamaThe Hartford$70
AlaskaNEXT$67
ArizonaNEXT$66
ArkansasThe Hartford$68
CaliforniaThe Hartford$80
ColoradoNEXT$70
ConnecticutThe Hartford$78
DelawareNEXT$75
FloridaThe Hartford$78
GeorgiaThe Hartford$73
HawaiiNEXT$77
IdahoNEXT$67
IllinoisThe Hartford$78
IndianaThe Hartford$69
IowaThe Hartford$68
KansasThe Hartford$69
KentuckyThe Hartford$66
LouisianaThe Hartford$83
MaineNEXT$63
MarylandThe Hartford$68
MassachusettsThe Hartford$75
MichiganThe Hartford$67
MinnesotaThe Hartford$67
MississippiThe Hartford$71
MissouriThe Hartford$71
MontanaThe Hartford$70
NebraskaThe Hartford$68
NevadaNEXT$80
New HampshireThe Hartford$71
New JerseyThe Hartford$81
New MexicoThe Hartford$72
New YorkNEXT$82
North CarolinaThe Hartford$62
North DakotaNEXT$63
OhioThe Hartford$66
OklahomaThe Hartford$67
OregonThe Hartford$66
PennsylvaniaThe Hartford$83
Rhode IslandThe Hartford$78
South CarolinaThe Hartford$73
South DakotaThe Hartford$67
TennesseeThe Hartford$69
TexasThe Hartford$72
UtahNEXT$67
VermontThe Hartford$69
VirginiaThe Hartford$65
WashingtonThe Hartford$81
West VirginiaThe Hartford$76
WisconsinThe Hartford$70
WyomingThe Hartford$66

How We Found The Cheapest Professional Liability Insurance Providers By State

How to Get The Cheapest Professional Liability Insurance

Understanding what affects your professional liability premium helps you make smarter coverage decisions beyond just finding competitive rates. Your business stage, industry risk level and claims history all influence what you'll pay. Below we've detailed a step-by-step guide to saving on coverage and other strategies to help your business save further on professional liability policy premiums.

(Get Cheap Coverage)

  1. 1

    Figure out professional liability coverage needs before buying

    One of the easiest ways to save money on professional liability insurance is to figure out if you need it in the first place, and if so, how much you actually need. If you do mainly contract work involving clients E&O insurance is for you, especially if your industry can cause significant damages and legal action is common. After this point if you want the coverage type, speak with an agent to identify risks related to your business's details like industry, size, financials and more to find the right limit fit.

  2. 2

    Compare multiple professional liability insurance options

    Comparing rates for professional liability policies is a tried and true method to save as long as you compare plans with apples to apples coverage. Start with specialists like Hiscox and CNA, who understand E&O risks better, but don't ignore general insurers who sometimes offer more competitive rates.

  3. 3

    Modify professional indemnity coverage terms and payment structures

    Monthly payment plans include processing fees that add up over time while paying annually eliminates these extra costs. If you can afford it, getting higher deductibles can also save you significantly on professional liability insurance. Ensure you read the fine print on plans and ask about which coverages are optional within a professional indemnity policy and remove unneeded coverages to lower your expenses.

  4. 4

    Take advantage of bundling discounts

    As with any business insurance policy type, you can save money on professional liability insurance by bundling with other policies with the same provider to get discounts of up to 15% (some of which may stack). Though before doing so, ensure you're getting the most cost effective, highest coverage quality and best customer experience with a company before going through with this.

  5. 5

    Reassess your professional liability policy needs and keep your insurer informed

    As your business matures, your business insurance needs will evolve, making it necessary to reassess. This will ensure you're paying for the right professional liability coverage for the lowest price. Also, be sure to keep your insurer informed of any changes in your business such as claims reduction policies, new locations and new hires to foster a good relationship and open up the possibility to negotiate lower premiums.

Get Cheap Professional Liability Insurance Quotes

While we have outlined the cheapest providers in general by major professional liability cost factors, these companies may not have the lowest rates for you. So, we've provided you with a tailored cheap quote tool that matches you to the most affordable provider for your business based on its general industry and state below.

Get Cheap Professional Liability Insurance For You

Select your industry and state to get a customized cheap professional liability insurance quote on with your matched provider.

Industry
State

Cheapest Professional Liability Insurance: Bottom Line

The Hartford, NEXT Insurance and Progressive Commercial consistently offer the most competitive professional liability rates, but your final cost depends on your industry, coverage choices and claims record. Getting affordable E&O coverage requires strategic shopping, smart coverage decisions and avoiding claims altogether.

Cheapest Professional Liability Insurance Chart

About Mark Fitzpatrick

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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.

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