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What is Professional Liability Insurance?

Professional Liability, otherwise known as E&O insurance, protects your business against claims of negligence, misrepresentation or mistake. Typically, the allegation is that your services, products or employees caused some form of financial damage to a third party.  Regardless of fault, litigation is expensive, drains time and damages reputation.  Professional Liability insurance can protect professional service providers from potentially devastating financial damages resulting from alleged negligence or error in the delivery of your services.

Coverage is provided for:

  • Attorney fees and other legal expenses
  • Costs and expenses related to a settlement
  • Costs and expenses related to a judgment

Click here for a complete list of Frequently Asked Questions.

What is Professional Liability insurance?

Speak with our licensed agents today

You can relax knowing you’ve secured the right insurance and the right price with Bizinsure. We allow you to compare multiple quotes so you can compare cost and coverage.

Who needs Professional Liability Insurance?

Professionals, and businesses that provide professional services such as giving advice, making educated recommendations, designing solutions or representing the needs of others are all have Professional Liability exposure. Professional Liability Insurance can safeguard your professional reputation, profitability, and business assets from the potentially astronomical expenses of litigation (whether justified or not).  Click here for sample scenarios of Professional Liability Insurance in action.

How much does Professional Liability Insurance cost?

Premiums through BizInsure can be as low as $47/month, depending on your potential exposures and the amount of coverage you intend to purchase. Some of the factors that impact the cost, or premium, for a Professional Liability policy include:

Professional Liability Insurance FAQs

How do I get Professional Liability insurance?

Our team of knowledgeable and friendly support staff are here to help you through every stage of the process and can assist with anything a traditional agent would help you with. There to guide you through the initial questions about your policy, up to renewal, we will be there as the needs as your business grow and change.

Get started today by either filling out the online application here or call one of our agents today at 1-877-900-9998.

How much Professional Liability insurance do I need?

We know you are busy trying to run your business, so we won’t bore you with the nitty-gritty. Like most purchases in life, the higher the quality and level of service of the product, the higher the price tag and the same goes for Professional Liability insurance policy premiums. A policy with increased coverage is going to cost more than a policy with a lower level of coverage.

Each business is different and exposed to varying risks creating its own unique insurance needs. There isn’t a one size fits all policy when it comes to Professional Liability insurance, but there are factors that can affect the pricing and level of coverage you may choose.

To get an understanding of what policy limit options are available, most insurers offer limits of $500,000, $1million and $2million with $1million being the most commonly selected limit.

There are a few factors that you need to consider when calculating the amount of insurance your business needs. This includes assessing the level of risk you anticipate, what deductibles you can afford and the type of business you run.

What’s the difference between General and Professional Liability insurance?

General Liability insurance provides protection for any physical injury that may be caused to people or damage to their property caused by your business operations. An example of a General Liability claim could be a delivery driver who trips and hurts themselves in your store or accidentally spilling a hot drink on a customer’s laptop causing bodily injury.

Professional Liability insurance provides coverage for claims of negligence related to your professional services or advice. A client may make a claim for the financial losses they have suffered, unlike a General Liability claim for bodily injury or damages.

Do I need General and Professional Liability insurance?

General Liability and Professional Liability insurance are two different kinds of policies designed to cover different types of risks. These are some examples of situations when you may require having both of these coverages in place.

  • Provides protection against business liabilities– Both General and Professional Liability insurance provide peace of mind and protection if a claim against your business were to occur. They provide financial protection from the incidents caused, helping your business to carry on and keep operating as it would have before a claim.
  • Contractual obligations– if you are faced with a specific contract, it is commonly required that businesses must hold a certain level of General or Professional Liability insurance before they can start working for them.

 

BizInsure LLC
4.3
Based on 36 reviews
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa Word
Lisa Word
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda hale
rhonda hale
23:26 12 Nov 20
Owner
Owner
23:19 06 Nov 20
Cincere Browdy
Cincere Browdy
15:16 29 Oct 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran Sutton
Fran Sutton
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen Day
Aileen Day
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele Harris
Michele Harris
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina Rose
Christina Rose
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy Sloan
Nancy Sloan
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope jones
hope jones
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela Curry
Pamela Curry
16:45 24 Aug 20
Cameron Peek
Cameron Peek
19:25 24 Jul 20
Great and fast service!!!! The representative was very professional!!!!
Tanya Sweet
Tanya Sweet
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy Smith
Jimmy Smith
19:01 14 Jul 20
Great service, but they're also extremely patient. I called over a month ago for specialized E & O coverage, and Bizinsure was able to put me in touch with an extremely reasonable quote. Absolutely invaluable time and monetary savings to be had by going through these folks. If you can-- ask for Anthony. Absolute gem of a human.
James Lang
James Lang
18:19 02 Jul 20
Ken M
Ken M
23:21 28 Jun 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda Gray
Rhonda Gray
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul Rising
Paul Rising
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene Smith
Kristene Smith
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre Hall
Fre Hall
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn Torres-Gale
Dawn Torres-Gale
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. Atallah
Dr. Youssef C. Atallah
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh Mariscal
Josh Mariscal
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Young
Allison Young
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark Wallace
Mark Wallace
23:42 13 Nov 17
Daniel Scott
Daniel Scott
15:15 27 Jun 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham Blair
Graham Blair
22:12 23 Jun 17

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