Professional Liability Insurance
in Arizona

  • Compare prices in minutes, with no obligation to purchase
  • Purchase online to instantly receive your coverage confirmation
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

According to the U.S. Small Business Administration (SBA) Office of Advocacy, there are 641,025 small-scale businesses in Arizona in 2022. They comprise 99.5% of businesses within the state. Small companies have created just 303,760 new jobs to Arizona the economy. They are a key driver for economic growth.

The top five industries in Arizona include:

  1. Health Care and Social Assistance
  2. Accommodation and Food Services
  3. Construction
  4. Professional, Scientific and Technical Services
  5. Retail

As Arizona expands, more small businesses begin to profit from the booming economy. A lot of them will require insurance to ensure their company is protected. One way businesses can help safeguard their investment in the Copper State is through Professional Liability insurance.

What is Professional Liability insurance?

Increasing competition means clients are becoming harder to be satisfied with the products and services they receive. Regardless of how meticulous you are when completing your task, even small errors could lead to a dispute and consequently a claim. Customers can also be subject to liability if you give advice or perform tasks.

Also known as Errors and Omissions (E&O) insurance, this type of policy protects your business against claims of negligence, misrepresentations, or mistakes. Professional Liability claims are typically made by clients who allege some form of financial damage as a result of your services, products or employees.

You could face a lawsuit if a product that you created doesn’t work or your advice causes financial losses to the customer. The lawsuit could claim that there was a mistake in the design or the product wasn’t up to par with. But if you are covered with Professional Liability insurance in Arizona the individual as well as your company will be shielded from claims by third parties that result from an error in professional practice or negligence.

What does Professional Liability insurance cover?

Even if the claim is proven to be untrue, costs for legal and court costs alone could amount to thousands of dollars. Small-scale business owners could feel the financial impact on their company. In addition, business closures and bankruptcy can result from claims for liability.

Professional Liability insurance typically covers:

  • Legal Fees Legal fees – Hiring a an experienced legal professional can be costly. In reality, the majority of lawyers charge on an hourly basis.
  • Court expenses – Including filing documentation in the courthouse, underwriting charges, administrative costs, and any other expenses.
  • Settlements: If your client agrees in writing that they will settle the matter outside of the court system, you could be spared from a long and lengthy litigation process. But, you will still have the obligation to pay a fee, depending on what your attorney advises.
  • Judgments You’ll need to pay the amount of the court if the case goes to trial.

Importantly, Professional Liability insurance in Arizona covers even if you’re not at fault. Baseless claims can be just as expensive to resolve as those that do have merit. You can protect your business and your professional reputation by purchasing an insurance policy for Professional Liability. This will cover you for the cost of settling these costs.

What isn’t covered?

Professional Liability insurance protects many types of businesses from common risk exposures they may face. It is important to understand that this insurance does not cover everything. Other forms of coverage may be required for certain events, such as:

  • Damage to your commercial premises or property
  • Damage to client property or property of third parties
  • Workers’ work-related injury and illnesses
  • Third party injuries that occur on your premises
  • Business interruptions

BizInsure also offers coverage to help protect your company from the risks mentioned above and more. Arizona small business owners might also want to consider General Liability, Workers’ Compensation, and a Business Owner’s Policy to better protect them against a wide array of exposures that may affect their company.

Who may need Professional Liability insurance in Arizona?

Professional Liability insurance is for companies and individuals that offer professional services, such as designing solutions, giving clients guidance, providing educated suggestions or those who serve the interests of others.

Professions that may require Professional Liability insurance in Arizona include but aren’t limited to:

Architects Notary Publics 
Consultants Personal Trainers
Engineers  Pilates Instructors 
Home Care Providers and Businesses Yoga Instructors 

An Arizona Professional Liability policy can benefit a wide range of occupations and professions. You might want to think about a policy that protects you and your business in the event that your company provides advice or services to others, representing their interests or engaging in other activities that could lead to liability claims.

Is Professional Liability insurance required in Arizona?

Professional associations may require members to have minimum levels of Professional Liability insurance to become licensed or work in the field. Learn more information about Professional Liability insurance requirements by visiting the website for the professional associations to which to which you are a member.

Clients might also require you to have Professional Liability insurance to work with them. It is usually written into a business contract. There is a chance that you require proof of insurance before you sign the contract or begin working on the project.

It’s still a good idea to maintain a Professional Liability policy even though you’re not required to. Without it you will likely need to pay any claims for liability out of your own pocket, which could be financially devastating for your personal and business savings too.

What is the price of Professional Liability insurance?

In Arizona, the average cost for Professional Liability insurance is approximately $669 per year. The cost of Professional Liability insurance in Arkansas is subject to a wide range of variations. Every Professional Liability policy is designed to cover a specific type of business, so prices vary.

Insurance companies employ a range of elements to determine how much you typically be charged to cover Professional Liability insurance (commonly called the “premium”). The following factors will influence the cost of the Professional Liability insurance Premium:

  • Your business’s nature and the risk you are taking – Like any other kind of insurance, greater risks will result in more expensive premiums.
  • The size and turnover your company’s turnover and size. More complex projects, or higher volumes of work, increase your risk.
  • The individuals being covered – The person’s abilities or ability to carry out their duties, as well as whether any claims have been filed against the person.
  • Your industry
  • The history of previous claims
  • The insurance coverage that is required

You’ll require a specific insurance to meet the requirements of specialists in your field. Professional Liability insurance can provide the critical security you require.

Is Professional coverage included in a General Liability policy?

No, General Liability covers bodily injury and property loss that are suffered by vendors, customers and other parties. Professional Liability covers accidents, missed deadlines, or any other incidents connected to your service.

Recommended reading: General Liability vs. Professional Liability insurance

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
© Copyright 2023 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek CA 94597. License #0H81929
I renewed my policies , including a few updates, through the on-line portal. It was quick, easy and completed in a few moments. I will not have to revisit thias until 12 months from now. I printed out my documents and have no questions pertaining to my renewal. It was seamless. Thank you Biz Insure
Fast, Simple, convenient
This company is very efficient, easy to manuever their online renewal, I love it and would recommend to anyone.
Awesome service!
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant. They simply make my insurance be easy!
Huge thank you to Andrea, she was patient, kind, & caring! Got my quote fast & at best price!
Excellent and Easy service - Thank you.
Amy was a delight to work with she help me with finding he right policy for my business I can't thank her enough for her help
I purchased liability insurance for my home care agency, Unlimited Gentle Care, and the process was seamless and straightforward, ensuring that every aspect of our liability was covered. This company also offers a great value for the extensive coverage my company receives
BizInsure was an easy way to purchase insurance for my business.Kaleb especially was a great help.Thanks,Rich Valentini
awsom service, perfect price and great policy
I have purchased General Liability Insurance for the past 4 years at BizInsure for my wedding videography small business. In these 4 years, it has always been a smooth process.There must've been some sort of technical issue (potentially due to my change in address), so my policy didn't auto-renew. I called Bizinsure and talked to Paulina, who was beyond helpful. She was very polite and explained things very well. One small detail that I can appreciate is that she often said my name, which shows that their customer service is intentional about personalized communication.In just a few minutes, we updated my account + renewed my insurance for a 5th year. I highly recommend Bizinsure!
great customer services.
This company allowed us an amazing experience, including very efficient, detail-oriented, and patient guidance from their commercial sales agent, Jenifer. I highly recommend this service for anyone in need of a business insurance policy.
Jennifer was very helpful and great to work with.
Very professional, fast and reliable. I appreciate their knowledge and experience. They have made this journey easier for me.
Very easy to renew! Thank you
super quick and easy process!
I am very satisfied with Bizinsure. No regrets
Very professional, easy, and thorough application process.
BizInsure is efficient and price friendly. I definitely reccommend them to anyone. Thank you.
Great process and very efficient.
Friendly and very fast service!
Jennifer Whiscombe, is an amazing agent. She was very knowledgeable, thorough and friendly. I highly recommend.
They make it very easy to buy insurance and renew.
As a business owner I love not wasting time. Thank you so much for giving me more time
Very straight forward, the cost of coverage amount made sense, simplicity was appreciated.
Always easy. Thank you.
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Very easy and affordable!
Responsive and professionalCompetitive price. I highly recommend Bizlnsure as an insurance provider
Your service is easy to renew as needed and your company informs the client in advance for renewal.
Google Rating
Based on 296 reviews