Professional Liability Insurance Quotes

MoneyGeek can help you get professional liability insurance quotes from providers that fit your small business’s needs best.

Get matched with professional liability insurers that fit your business or use the guide below to understand how quotes work before you compare, even when its not with us.

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Written by Angelique Palenzuela-Cruz

Updated: January 31, 2026

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How Professional Liability Insurance Quotes Work

A professional liability insurance quote is an estimate of what insurers might charge based on the risk of claims alleging negligent actions, omissions, or mistakes in the services you provide. It’s different from general liability insurance, which focuses on bodily injury, property damage, and advertising injury.

When you request quotes:

Insurers evaluate your professional risk based on your industry and type of services.
They look at your revenue, number of clients, years in business, and past claims history.
They factor in your desired coverage limits and the type of policy (e.g., claims-made vs. occurrence).
Location can influence pricing because legal environments and claim costs vary by state.

Your final quote reflects how likely an insurer believes your business is to face professional claims and how costly those claims could be.

What Information You’ll Need for a Professional Liability Insurance Quote

To get accurate professional liability quotes, insurers typically ask for the following items.

Where You Can Get Professional Liability Insurance Quotes

You can get professional liability insurance quotes from several types of sources. Each option differs in how many insurers you can compare, how advice is provided and how much of the work you handle yourself.


Direct from Insurance Companies	You request a quote directly from a carrier that offers professional liability coverage, usually through its website or a company representative.	Businesses that already know which insurer they want or prefer working directly with one company.	You’ll only see that insurer’s pricing and coverage options, so comparison shopping is limited.
Online Insurance Marketplaces	You enter your business and professional service details once and get matched with multiple insurers that provide professional liability insurance.	Owners who want to compare several quotes quickly with minimal back-and-forth.	Convenience is high, but plan options and insurer availability depend on the marketplace’s carrier network.
Independent Insurance Agents or Brokers	An agent who works with multiple insurers gathers your information and shops your professional liability coverage across different carriers.	Businesses with more complex risks, specialized services or contract-specific insurance requirements.	Can provide guidance and customization, but the process may take longer than instant online quotes.
Captive Insurance Agents	An agent who represents a single insurance company provides professional liability quotes from that company’s products only.	Those who prefer a specific brand or want ongoing support through one insurer.	Product choices are limited to one carrier, so pricing and coverage flexibility may be narrower.

What Affects Your Professional Liability Quote?

Professional liability pricing is based on how likely your business is to face claims alleging mistakes, negligence or failure to deliver services as promised and how expensive those claims could be.

Your professional liability premium estimates are shaped by several key factors.

Industry and type of services

Professions where errors can cause significant financial harm (like consultants, accountants, architects or IT providers) are viewed as higher risk, which usually leads to higher quotes than lower-impact service roles.

Scope and complexity of your work

Large, customized or technically complex projects create more room for disputes, missed details or performance issues. This increases the chance and potential size of a claim and raises the quote you'll receive for professional liability insurance.

Annual revenue

Revenue reflects business volume and client exposure. More revenue typically means more clients and more opportunities for claims, so premiums often rise as revenue increases.

Number of employees or contractors

Each person providing services represents additional professional liability insurance risk. Larger teams, especially those doing client-facing work, generally increase the likelihood of an error, which can increase your quote.

Claims history

A history of professional liability insurance claims signals higher future risk to insurers. Businesses with prior claims often see higher premiums or fewer carrier options, while a clean history helps keep quotes lower.

Coverage choices (limits, policy type and deductible)

The limits you choose determine how much an insurer could pay on your behalf, policy type affects how and when claims are covered, and your deductible controls how much cost you keep before insurance applies. Higher limits and lower deductibles raise premiums, while higher deductibles or narrower coverage reduce them.

Location

States with higher lawsuit frequency or larger court awards are more expensive insurance environments, which can increase professional liability quotes compared to lower-litigation areas.

How to Compare Professional Liability Insurance Quotes

Comparing professional liability (E&O) quotes works best when you follow a clear decision process, not just a price search. These steps help you compare meaningful differences in protection and claims support, not just paperwork.

1
Start with the actual risks in your work
List the services you provide that could cause a client financial loss, such as advice, designs, deliverables, recommendations or missed deadlines. The more your work influences a client’s financial outcomes, the more important it is that the quotes reflect that exposure rather than offering generic coverage.
2
Set a baseline coverage target before looking at price
Choose a starting coverage limit based on your typical project size, revenue or contract requirements. Keep this consistent across quotes. A policy with lower limits may look cheaper but provides less protection, so it is not a true cost comparison.
3
Make sure the policy structure matches across quotes
Confirm each quote uses the same core structure, including policy type (claims-made or occurrence), prior acts or retroactive coverage if needed, and deductible amount. These elements directly affect pricing, so differences here can make one quote look cheaper for the wrong reason.
4
Review exclusions in relation to the services you actually provide
Professional liability policies often exclude certain services, industries or outcomes, such as performance guarantees or specific professional activities. A low-cost policy can fail you if it excludes the kind of work your business performs most.
5
Look closely at how defense costs are handled
Legal defense is often one of the largest costs in a professional liability claim. Check whether defense costs reduce your policy limits or are paid in addition to them, and whether the insurer covers defense from the beginning of a claim.
6
Check the quote against client and contract requirements
Many clients require specific professional liability limits, endorsements or policy features. Make sure the quote can meet these requirements without major adjustments or added cost after purchase.
7
Compare price only after coverage and fit are aligned
Once limits, structure and coverage details match and you are confident the policy covers your services, then compare premiums. At that stage, the lowest price is more likely to represent better value rather than reduced protection.

Get a Professional Liability Insurance Quote

MoneyGeek can help you find professional liability insurance quotes that have the right coverage without breaking the bank. Enter your industry and state below to get matched with your best professional liability insurance provider and get a quote.

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About Angelique Palenzuela-Cruz

Angelique Palenzuela-Cruz is a Content Writer at MoneyGeek specializing in business insurance. She focuses on general liability, workers' compensation and professional liability coverage, helping small business owners cut through policy jargon and understand what they're actually buying.

Angelique has spent over five years reporting on personal finance, with deep experience in both insurance and lending markets. Her psychology background also gives her a unique understanding of how people actually process difficult financial decisions, allowing her to meet readers where they are, simplify complex concepts and build decision making frameworks that give them confidence. Whether you're learning about policies, comparing providers or trying to figure out requirements, Angelique does the legwork, digging into regulations, analyzing policy language and testing her explanations against agent-level standards so you get straight answers without fluff.

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