Lawyer business insurance costs vary significantly by coverage type, making it essential to understand these differences for accurate budgeting. MoneyGeek's analysis shows monthly premiums range from $23 for general liability to $146 for professional liability coverage.
How Much Does Lawyers' Business Insurance Cost?
Business insurance for lawyers starts at $23 per month. Your specific rate will depend on factors like your practice area, location and claims history.
Discover cheap lawyers' business insurance below.
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Updated: August 16, 2025
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Key Takeaways
Lawyers' business insurance costs range from $23 to $146 monthly, depending on your coverage type.
Your lawyers' insurance premiums depend on location, claims history, property types serviced and employee count.
Shop multiple insurers, bundle policies, increase deductibles and pay annually to find affordable lawyers' business insurance costs.
Average Lawyers' Business Insurance Cost Overall
| BOP | $34 |
| General Liability | $23 |
| Professional Liability (E&O) | $146 |
| Workers Comp | $53 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Lawyers' Business Insurance Cost for General Liability Coverage by State
Your lawyers' general liability coverage costs depend on location. Maine offers the most savings at $20 monthly (versus the $23 national average), while New York costs $27 monthly, providing clear cost benchmarks for planning.
| Alabama | $23 |
| Alaska | $21 |
| Arizona | $22 |
| Arkansas | $22 |
| California | $26 |
| Colorado | $23 |
| Connecticut | $25 |
| Delaware | $25 |
| Florida | $25 |
| Georgia | $23 |
| Hawaii | $25 |
| Idaho | $22 |
| Illinois | $25 |
| Indiana | $22 |
| Iowa | $22 |
| Kansas | $22 |
| Kentucky | $21 |
| Louisiana | $26 |
| Maine | $20 |
| Maryland | $22 |
| Massachusetts | $24 |
| Michigan | $22 |
| Minnesota | $21 |
| Mississippi | $23 |
| Missouri | $23 |
| Montana | $23 |
| Nebraska | $22 |
| Nevada | $26 |
| New Hampshire | $23 |
| New Jersey | $26 |
| New Mexico | $23 |
| New York | $27 |
| North Carolina | $20 |
| North Dakota | $20 |
| Ohio | $21 |
| Oklahoma | $22 |
| Oregon | $21 |
| Pennsylvania | $26 |
| Rhode Island | $25 |
| South Carolina | $24 |
| South Dakota | $21 |
| Tennessee | $22 |
| Texas | $23 |
| Utah | $22 |
| Vermont | $22 |
| Virginia | $21 |
| Washington | $26 |
| West Virginia | $24 |
| Wisconsin | $22 |
| Wyoming | $21 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Lawyers' Business Insurance Cost for Workers’ Compensation Coverage by State
Your cost for workers' compensation varies by state for your law practice. North Carolina offers the lowest rates at $46 monthly and Pennsylvania the highest at $61 monthly. Our analysis reveals how state regulations and claim histories create these differences.
| Alabama | $51 |
| Alaska | $48 |
| Arizona | $50 |
| Arkansas | $50 |
| California | $58 |
| Colorado | $52 |
| Connecticut | $58 |
| Delaware | $57 |
| Florida | $57 |
| Georgia | $53 |
| Hawaii | $56 |
| Idaho | $50 |
| Illinois | $58 |
| Indiana | $51 |
| Iowa | $50 |
| Kansas | $51 |
| Kentucky | $49 |
| Louisiana | $60 |
| Maine | $46 |
| Maryland | $50 |
| Massachusetts | $56 |
| Michigan | $49 |
| Minnesota | $49 |
| Mississippi | $53 |
| Missouri | $52 |
| Montana | $52 |
| Nebraska | $50 |
| Nevada | $60 |
| New Hampshire | $53 |
| New Jersey | $59 |
| New Mexico | $53 |
| New York | $61 |
| North Carolina | $46 |
| Oklahoma | $49 |
| Oregon | $49 |
| Pennsylvania | $61 |
| Rhode Island | $58 |
| South Carolina | $54 |
| South Dakota | $49 |
| Tennessee | $51 |
| Texas | $53 |
| Utah | $50 |
| Vermont | $51 |
| Virginia | $48 |
| West Virginia | $55 |
| Wisconsin | $52 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Workers' compensation requirements vary by state and are mandated by state regulations. Survey results reflect limited sample data and may not represent all available rates in your area.
Lawyers' Business Insurance Cost for Professional Liability Coverage by State
Your cost for professional liability varies by state, like other business insurance coverages. The national average is $146 monthly, with North Carolina offering the lowest rates at $126 monthly. For E&O insurance, Pennsylvania has the highest rates at $169 monthly.
| Alabama | $144 |
| Alaska | $130 |
| Arizona | $140 |
| Arkansas | $140 |
| California | $160 |
| Colorado | $147 |
| Connecticut | $161 |
| Delaware | $158 |
| Florida | $158 |
| Georgia | $148 |
| Hawaii | $151 |
| Idaho | $139 |
| Illinois | $161 |
| Indiana | $139 |
| Iowa | $140 |
| Kansas | $143 |
| Kentucky | $138 |
| Louisiana | $165 |
| Maine | $129 |
| Maryland | $139 |
| Massachusetts | $151 |
| Michigan | $136 |
| Minnesota | $134 |
| Mississippi | $148 |
| Missouri | $146 |
| Montana | $145 |
| Nebraska | $138 |
| Nevada | $167 |
| New Hampshire | $141 |
| New Jersey | $163 |
| New Mexico | $146 |
| New York | $166 |
| North Carolina | $126 |
| North Dakota | $126 |
| Ohio | $137 |
| Oklahoma | $138 |
| Oregon | $135 |
| Pennsylvania | $169 |
| Rhode Island | $158 |
| South Carolina | $151 |
| South Dakota | $134 |
| Tennessee | $144 |
| Texas | $146 |
| Utah | $140 |
| Vermont | $139 |
| Virginia | $133 |
| Washington | $163 |
| West Virginia | $154 |
| Wisconsin | $142 |
| Wyoming | $132 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Lawyers' Business Insurance Cost for BOP Coverage by State
Business owner's policy rates show significant variation in lawyers' insurance costs across states. Monthly premiums range from $29 in North Carolina to $39 in New York.
| Alabama | $33 |
| Alaska | $31 |
| Arizona | $32 |
| Arkansas | $32 |
| California | $37 |
| Colorado | $34 |
| Connecticut | $37 |
| Delaware | $36 |
| Florida | $36 |
| Georgia | $34 |
| Hawaii | $36 |
| Idaho | $32 |
| Illinois | $37 |
| Indiana | $33 |
| Iowa | $32 |
| Kansas | $33 |
| Kentucky | $31 |
| Louisiana | $38 |
| Maine | $29 |
| Maryland | $32 |
| Massachusetts | $36 |
| Michigan | $32 |
| Minnesota | $32 |
| Mississippi | $34 |
| Missouri | $34 |
| Montana | $34 |
| Nebraska | $32 |
| Nevada | $38 |
| New Hampshire | $33 |
| New Jersey | $38 |
| New Mexico | $35 |
| New York | $39 |
| North Carolina | $29 |
| North Dakota | $30 |
| Ohio | $31 |
| Oklahoma | $32 |
| Oregon | $31 |
| Pennsylvania | $38 |
| Rhode Island | $38 |
| South Carolina | $34 |
| South Dakota | $31 |
| Tennessee | $33 |
| Texas | $34 |
| Utah | $32 |
| Vermont | $32 |
| Virginia | $31 |
| Washington | $38 |
| West Virginia | $36 |
| Wisconsin | $33 |
| Wyoming | $31 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP coverage. Survey results reflect limited sample data and may not represent all available rates in your area.
Factors Affecting Lawyers' Business Insurance Cost
Insurance companies look at several factors to determine your lawyers' business insurance costs. Understanding these variables helps you plan your budget better. Below, we explain how different elements affect your insurance rates.
Geographic location
Your business location affects workers' compensation rates due to local regulations and claim frequencies. Legal liability risks vary by jurisdiction, and state-specific insurance requirements create premium variations.
Safety record and claims history
Previous claims impact future premiums, sometimes for three to five years. A single malpractice lawsuit can substantially increase your general liability rates at renewal.
Employee count and payroll
Insurers calculate workers' comp premiums based on your total payroll and job classifications. Adding associates and support staff increases your payroll costs, directly impacting your workers' compensation premiums since insurers calculate your rates per dollar of wages paid.
Business size and revenue
Higher annual revenue typically means higher premiums since insurers view larger operations as having greater exposure to claims. A solo practitioner earning $200,000 annually faces lower premiums than a mid-size firm with $2 million in revenue.
Coverage limits
Higher coverage limits provide better protection but cost more monthly. Choosing between different coverage amounts directly affects your premium, with higher limits increasing costs proportionally.
Credit score and financial stability
In most states, insurers can consider your business credit score when setting rates. A strong credit score can reduce premiums, while poor credit often increases costs substantially.
How to Get Cheap Lawyers' Business Insurance
Smart shopping and risk management strategies can significantly reduce your lawyers' business insurance costs, and these proven methods will help lower your premiums both now and in the future.
- 1
Choose the right coverage types for your law practice
Start with professional liability insurance to protect against malpractice claims. Add general liability for office-related incidents and cyber liability to safeguard client data. Review complete types of business insurance to ensure comprehensive coverage.
- 2
Shop multiple insurance companies
Insurance rates for law firms can vary among providers. Compare quotes from at least three insurers specializing in legal professional coverage. Consider working with an independent agent who understands law firm requirements.
- 3
Bundle your coverage types
Combine professional liability, general liability and property coverage with one carrier. Most insurers offer substantial discounts for bundled policies, often reducing total premiums by 10-25%.
- 4
Increase your deductibles
Consider higher deductibles to reduce monthly premiums. Ensure your firm has sufficient cash reserves to cover the increased out-of-pocket costs before insurance kicks in.
- 5
Pay annually instead of monthly
Paying your premiums annually eliminates monthly processing fees. Many insurers offer additional discounts of up to 10% for upfront payment, providing yearly savings.
- 6
Review and adjust your coverage annually
Evaluate your coverage as your practice grows or changes. Update policies to reflect new practice areas, additional staff or expanded operations. Remove unnecessary coverage to optimize premium costs.
Insurance for Lawyers Business Cost: Bottom Line
Lawyers' business insurance costs range from $23 to $146 monthly, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
Lawyers' Business Insurance Cost: FAQ
Our research team answers the most common questions about lawyers' business insurance costs to help you find affordable coverage options below.
What is the cheapest type of lawyers' business insurance?
Workers' compensation insurance costs $53 monthly, but only covers work-related injuries. Most lawyers need general liability insurance ($23 monthly) to protect against client accidents and property damage claims.
How much can I save by bundling my lawyers' business insurance policies?
Bundling business insurance policies offers the most cost-effective solution. Combining general liability, commercial property and other coverages into a BOP can save you significant money.
What factors make my lawyers' business insurance more expensive?
Several factors increase lawyers' business insurance costs: operating in high-litigation jurisdictions like New York or California, previous malpractice claims, larger law firms with more employees and higher annual revenue.
General liability insurance is the most budget-friendly option, with average monthly premiums of $23 or $275 annually.
Should I choose a $500 or $2,500 deductible for my lawyers' business insurance?
Higher deductibles lower your monthly premiums but require larger out-of-pocket expenses when filing claims. Base your choice on available cash reserves and claim likelihood.
How much does workers' compensation cost for lawyers' businesses by state?
Workers' compensation insurance costs range from $46 monthly in North Carolina to $61 monthly in Pennsylvania. Rates vary based on state regulations and local risk factors.
Is business owner's policy (BOP) worth the extra cost for lawyers' companies?
BOP insurance costs lawyers $34 per month on average and bundles multiple coverage types into one policy. This comprehensive package offers more value than purchasing individual policies separately.
How often should I shop around for lawyers' business insurance quotes?
Review your business insurance quotes annually during renewal. Compare at least three insurers to find better rates, particularly if your law practice has grown or changed services.
How We Determined Lawyers' Business Insurance Costs
We collected lawyers' business insurance quotes from companies across different states. To make sure we compared apples to apples, every quote used the same business setup:
- Two employees (three people total, including the owner)
- $150,000 annual payroll
- $300,000 annual revenue
- Already insured status
- $1 million per occurrence and $2 million total per year for all coverage except BOP, which includes the same limits plus $5,000 business property coverage
This profile represents small law firms requiring comprehensive insurance coverage in most states. We chose companies offering broad national coverage and online quote capabilities, focusing on insurers that actively serve the lawyers' industry.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.