Professional Liability Insurance Maryland

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What is Professional Liability Insurance?

There are more than 634,000 small businesses in Maryland, making up 99.5% of all businesses in the state, according to data from the U.S. Small Business Administration.

Many of these small businesses provide their clients and customers with professional services or advice. No matter how careful someone is, there is always a chance that a mistake could be made. Even if it’s a small error or an innocent oversight, it could still lead to a legal dispute. That’s why small business owners should consider purchasing Professional Liability insurance in Maryland.

Also referred to as Errors and Omissions (E&O) Insurance, Professional Liability insurance protects your business against claims of negligence, misrepresentation or mistake. Professional Liability claims are typically made by clients who allege some form of financial damage as a result of your services, products or employees.

For example, you provide a customer with professional advice that causes them to lose money. The customer decides to bring a lawsuit against your company as a result. A Professional Liability insurance policy can help cover the legal expenses of the court case and judgement.

What does Professional Liability Insurance cover?

Professional Liability Insurance in Maryland helps protect your business against both actual and alleged claims of errors and omissions that may have occurred while providing professional services. This often includes:

  • Attorney Fees – The cost of hiring an attorney to defend your business in court.
  • Court Expenses – Any administrative costs associated with your legal case, such as filing documents with the courts.
  • Settlements or Judgements – The amount you pay to your client, either by settling out of court or by order of a judge.

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Who needs Professional Liability Insurance?

If you are a professional or own a business that provides customers with expert advice, then you should have Professional Liability insurance in Maryland. This includes making recommendations drawn from your expertise and representing the interests of others.

Professional Liability insurance can help shield your professional reputation, as well as protect your business (and even personal) financial assets. Even an unjustified claim or court case can cost a small business hundreds of thousands of dollars. Professional Liability insurance covers this, so you’re not left out of pocket or bankrupted.

Some professions that should consider Professional Liability insurance include:

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

How much does Professional Liability Insurance cost?

The yearly cost of Professional Liability insurance for small businesses in Maryland will depend on factors such as:

  • Your industry or occupation
  • The size of your business and employee turnover
  • How much insurance cover you need
  • Your claims history

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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.
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First of all the agent I spoke with was very kind and helpful. Her name is Andrea. I appreciate the easy and quick online application to purchase my insurance.
I worked with Amy on getting professional insurance and she was fantastic! Some of the best customer service I’ve experienced in a long time. She was diligent and supportive, but never pushy.
The process was smooth and everyone answered questions along the way as needed. Andrea’s follow-up was excellent. Thank you!
Jen was awesome
I have been with Bizinsure for many years and they are always up to date with the latest policy information and the most competitive rates!
My interaction with the agent was very pleasant and she answered my questions. She also responded very quickly when I had questions.
BizInsure understood exactly what I needed and provided an affordable quote. The process was easy and I'm glad I used their services!
Our company has been with BizInsure since 2020. we are very happy with the service they provide.
Just started but the process was easy. Agent was kind and the price was great.I will see how the service is going forward, but starting was very easy and inexpensive.
Customer service was great! I got the help I needed!
Super A rated and affordable coverage.
Dina and Ashleih were so helpful! They made our package work for us. Grateful for the quick service.
I want to thank you for making my insurance search so simple and efficient. I also appreciated the easy communication options, which helped me make the right purchase decision. I'm really grateful for your company's support!.
Jenifer S. was the agent that I worked withi to secure general liability insurance. She was very knowledgeable, helpful and worked diligently to ensure that.my coverage needs were met and for a great price. I would definitely recommend her to others as she was a pleasure to work with.
The agent was very knowledgeable and was very quick in handling my request.
Good customer service
Fast friendly professional service
Jennifer was fabulous. Quick & easy quote for GL/PL coverage and saved me money over previous policy. My wife referred me - she's always right!!
Representative was very kind, helpful, and educated me well. I especially appreciate their professionalism and patience.
Been with this company for about 4 years. They have provided me with excellent coverage, user-friendly technology and very low rate. As an accountant, they are my first choice for my small business clients.
Absolutely the easiest, absolutely the fastest, the best I can tell the lowest cost. For many businesses, Insurance is a dirty word, because it's complicated and we're actually so busy minding our business that when complicated insurance issues get in the way, it slows us down. But not with these guys. Biz Insure LLC has figured it out and thank goodness they have...
Thanks, you for your service
I want to say thank you for all the hard work the agent put in with me. She was glad to hear from me. Very pleasant to deal with and solved my needs
Thank you for your professionalism and patience and helpfulness with my insurance needs for my new business. Thank you, Amy Raley as well for all of your help - you are sincerely appreciated and you are an asset to BizInsure LLC!
I have been using Bizinsure for several years and find the ease of renewing as well as generating additional insured certificates to be easy and useful, especially as a sole prop. thank you
Agent was precise and clear with explanation. Getting a quote was fast and easy. Thank you
Easy to renew Policy
BizInsures insurance is easy and affordable. Employees are well courteous and professional.
The renewal process is fast and efficient.
Easy to get Quote and start insurance with the recommended Insurance company. Not sure yet on services there after.
Yes, super easy!
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