Professional Liability Insurance
in New Hampshire

  • 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 the number of small businesses in The Granite State is 138,199 small business in NH as of 2022. They make up 99 percent of all businesses within the state. Small businesses contributed just under 53,392 new jobs to the state economy, making them a key driver of economic growth in New Hampshire.

New Hampshire’s top five industries for small businesses include:

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

As more and more small companies take advantage of the booming NH economy, many may discover that they require an insurance plan to safeguard their expanding business.

What is Professional Liability insurance?

A Professional Liability insurance policy (also known as Errors and Omissions or E&O insurance) is an essential policy that protects you and your company in case of a lawsuit due to alleged professional wrongdoing.

What does Professional Liability insurance cover in New Hampshire?

Even if the claim is not legitimate, legal fees and court costs could easily reach the thousands. The financial burden can also have a negative impact on entrepreneurs who are just starting out with their small business. The reality is that the impact of a liability claim could cause bankruptcy or even the closure of a business.

Based on the kind of coverage you choose, and the limit agreed in your insurance contract, Professional Liability insurance may provide protection from the financial side of claim including things like:

  • Legal Fees – Hiring an experienced legal professional can be costly. In fact, most lawyers charge on an hourly basis.
  • Court Costs – This includes filing documentation in court, underwriting fees and administrative expenses.
  • Settlements – If your client agrees not to go to court, it may save you from an expensive and lengthy legal process, but you’ll be required to pay a fee depending on the advice of your lawyer.
  • Judgments – If your case is decided by the plaintiff in court, you may need to pay the amount determined by the judge.

Importantly, Professional Liability insurance in New Hampshire will cover you even if you are not the one to blame. Baseless claims could cost as much to resolve as legitimate ones. Professional Liability insurance will assist in protecting your business’s image and cover the costs mentioned above so that you aren’t totally out of pocket.

What is not covered?

Professional Liability insurance protects companies from risk exposures they could face. However, Professional Liability insurance does not cover all risks. If you have events that aren’t included in your insurance plan, you might consider searching for alternative coverage options such as:

  • Damage to property or loss of commercial property
  • Damage to client property or property belonging to third parties
  • Work-related illness or injury for employees
  • Injuries to third parties on your premises
  • Business interruptions

BizInsure provides other forms of coverage that can help shield your business against these and other common risks that small-sized businesses face. NH small-scale business owners may be interested in General Insurance, Workers’ Compensation and Business Owner’s Insurance for greater protection against various risks that could impact their company.

Who may need Professional Liability insurance?

Professional Liability insurance is designed for companies and individuals that provide professional services, including management solutions, giving clients advice, making educated recommendations or those who represent the needs of others.
Professions that require Professional Liability insurance in New Hampshire include but aren’t limited to:

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

There are a variety of occupations and professions that may benefit from Professional Liability insurance. A policy is there to help shield your small business from liability claims when you offer advice, services or represent the interests of others.

Professional Liability insurance requirements in New Hampshire

Some professional associations require their members to have minimum levels of insurance coverage for professionals to be licensed or work in the area. You can learn more information about Professional Liability insurance requirements on the websites of any professional associations which you may be a member of.

It is possible that you may be required to have a Professional Liability insurance policy in place if you work with clients. The insurance is usually included in a business contract. You may be required to show proof of insurance before signing the contract or launching work on the project.

Although you’re not legally required to do so, it may be prudent to have a Professional Liability insurance policy. Without it, you may be left liable to pay for any liability claims from your own pocket and this could be financially devastating to your business and personal savings too.

How much does Professional Liability insurance cos in Nevada?

Every Professional Liability policy differs because each one is tailored to the specific requirements of the small business they cover. On average, the yearly price of Professional Liability insurance for small companies in The Granite State is around $884.

Insurance companies use a variety of factors to help determine how much you typically pay for Professional Liability insurance (commonly called the “premium”). These are some of the elements that affect the cost of Professional Liability insurance premiums.

  • The nature and risk of your business – just as any other kind of insurance, the higher risk your company faces, the more expensive it will cost to insure those risk.
  • The size of your business and the turnover – More work volume or bigger projects could increase the risk you face.
  • The individuals who are covered. Their ability to perform their duties, and whether any claims have been filed against the individual
  • The field in which you work
  • Previous claims history
  • The insurance coverage that is required

As a specialist in your field, you may require unique coverage that is designed to meet the particular challenges that you face in your field.

What is the difference between E&O and Professional Liability insurance?

Professional Liability insurance and Errors and Omissions insurance both provide the same coverage. This type of insurance provides protection for your company from claims arising out of misrepresentation, negligence and mistake. It could pay for your defense costs, as well as any damages or settlements that are a result of the complaint.

Recommended reading: General Liability vs. Professional Liability insurance

How to get Professional Liability insurance in New Hampshire?

BizInsure allows you to compare Professional Liability policies with the highest-rated U.S. insurance companies, and help secure your small business at a reasonable cost.

© 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
This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
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.
Very satisfied with the online experience
Nicole h
1709238653
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
jodi H.
1709226367
Love it
Hanna R.
1708272180
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
Calandra K.
1708044666
The agent was quick and efficient in generating a quote for my needs.
Theresa F.
1707895796
I enjoy working BizInsure they always answer all my questions and make sure i have the correct coverage for my business.
Prompt and professional service from Biz Insure. Thanks Leslie and Liza!
Bev G.
1707524454
Very easy to sign up for insurance.
Great company
Brown G.
1706896003
Fast and efficient!
Kim C.
1706746693
عالی
alireza J.
1706727364
It was great being able to get a policy that suits my company's need in less than 30 minutes. They were vey thorough. Very competitively priced.
Lynette C.
1706621476
I worked with Andrea for another start up business. She was very knowledgeable and help me pick the correct policy. Amazed at how quickly the process went.
Representative was very kind, helpful, and educated me well. I appreciated today's prompt service with confirmation that I was satisfied with what was provided to me.
Tina P.
1706224051
Great company for.your low cost business insurance needs.
constantin T.
1706156911
Staff was very fessional and friendly. I was able to get a quote and move forward within 20 minutes.
Pebbles S.
1706126428
Wonderful
Complete C.
1705788054
MUY BUENO
Super easy process.
Ashley G.
1704830227
It’s very easy to understand and at a very reasonable price.
Mary M.
1703780096
Professionalism, Quality, Responsive and budget friendly
B D
1703029371
Great rates, easy to understand and select appropriate coverage, can get in a jiffy
Brie C.
1702775397
I have been a customer of BizInsure for a few years now and I love it. There customer service is awesome and the prices are affordable.
Danyale W.
1702132165
Quick easy experience! The rep was knowledgeable & pleasant. Customer care was awesome to respond and clarify my concerns.
Kathy Ann A.
1702059151
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
1701380391
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Terry
1701319042
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
1700848536
Always and easy process. Thanks!
Gerald S.
1700244544
Renewal was quick and easy online
Angelita K.
1699752900
I had a great experience working with Andrea from BizInsure. She was extremely knowledgeable, helpful, and responsive throughout the entire process. She guided me through the different options available and helped me find the perfect home care professional liability insurance policy that suited my needs. Her professionalism and expertise made the entire experience smooth and hassle-free. I highly recommend working with Andrea and BizInsure for all your insurance needs.
Juliette S.
1699032636
Easy to submit an application and to get quotes
Simone S.
1698775217
I had the most pleasant prompt and professional experience of my life with Bizinsure. Everything was completed in record time, at an unbelievable cost…and my certificate of Insurance was promptly emailed to me. Most of all it was effective immediately. No hassle no back & forth, just great service highly recommend to all small businesses.
Marcia S.
1698407456
Excellent
advanced U.
1697824466
js_loader
Google Rating
4.7
Based on 244 reviews
×
js_loader