Professional Liability Insurance

  • Over 700 occupations nationwide
  • Only A-rated (or better) insurance companies
  • Premium starting at just $47/month
  • Expert advice when you need it

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

Click here for Professional Liability Insurance FAQs

What is Professional Liability insurance?

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You can relax knowing you’ve secured the right insurance at a competitive price. BizInsure’s licensed and knowledgeable agents are here to help you find the right product.

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.

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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

Why do you need Professional Liability insurance? What type of businesses need Professional Liability insurance?

Professional Liability insurance helps protect your small business against financial loss. If a customer makes a complaint against your business, it could potentially cost thousands of dollars to defend your business and reputation—regardless of whether the claim is valid or not.A Professional Liability insurance policy can cover the legal fees, settlements or judgements resulting from a claim. Without one, you could be left out of pocket for these expenses, need to borrow from your personal savings, or even be forced to close your business. Professional Liability insurance helps shield you and your small business from financially negative outcomes.

Most small businesses are not required by law to have Professional Liability insurance. However, a policy may be a wise investment for many types of businesses. Professional Liability policies are often purchased by architects, contractors, engineers, home health providers, real estate agents, as well as by many other people in a variety of occupations.

If you are unsure if you or your small business needs Professional Liability insurance, it may help to consider the following questions:

  • Do you ever work with clients who require that you have your own policy?
    Some clients require you to have your own Professional Liability insurance policy to work with them.
  • Do you provide professional services directly to customers?
    A small mistake in your work could mean big financial losses for a customer. Professional Liability insurance can help protect your business from these types of claims.
  • Do you offer clients advice based on your business expertise?
    Errors, omissions or misunderstandings can happen when providing clients with professional advice. Professional Liability insurance is built to protect you if this happens

If you answered yes to any of these questions, you may need Professional Liability insurance.

Is Errors and Omissions insurance the same as Professional Liability insurance?

Yes, Errors and Omissions (E&O) insurance is the same as Professional Liability insurance. The two names are often used interchangeably. However, you may be more likely to hear about E&O insurance if you work in certain industries, such as real estate or accounting.

Though they go by different names, an E&O insurance policy covers the same things as a Professional Liability insurance policy. This includes shielding your small business against claims of:

  • Errors
  • Omissions
  • Professional negligence
  • Inaccurate advice
  • Misrepresentation
  • Missed deadlines
  • Undelivered services

 

E&O insurance is important for many small businesses. No matter how careful you or your employees are, mistakes do happen. An E&O insurance policy helps protect your business and reputation in these instances.

E&O insurance helps cover the costs associated with defending yourself against claims of negligence, misrepresentation, and omission. This includes hiring an attorney, paying court costs, and covering any settlements or judgements you are required to pay. Without E&O insurance, your business could be responsible for thousands of dollars in legal fees, even if the claim has no merit. These costs are often devastating for small businesses and sometimes result in the closure of business.

Some states may require small businesses or professionals in certain industries to have E&O insurance to operate in the state. They may set requirements for the minimum amount of errors and omissions coverage you will need to do business. Check with your state’s small business center, department of insurance, or local professional groups to learn more about the requirements in your state.

Do some clients require you to carry Professional Liability insurance coverage?

Yes, some clients do require businesses and professionals they work with to carry Professional Liability insurance. In some cases, clients may require proof of your insurance coverage to win a business contract with them. You may be asked to provide your certificate of liability insurance (CLO) to verify that you are insured and the amount of coverage you have.

Clients often require coverage to provide peace of mind that certain liabilities or losses will be covered should things go wrong during a project. For example, you and a designer are working together on a project for a mutual client. The designer misinterprets your renderings and orders expensive materials which won’t work with your plans. The mutual client sues both of you for professional negligence, demanding that you reimburse them for the unusable materials. Professional Liability insurance will help cover the cost of an attorney to represent you, and any judgements or settlements you are ordered to pay if you are found to be at fault.

Other clients may require you to have your own Professional Liability insurance so they know they will not be held liable for damages or substandard work. For example, one of your designs has a flaw, making it necessary for the builder to tear down his work and start over. Your client sues you for the cost of new materials and labor to rebuild the part of the project that is damaged by your flaw. Professional Liability insurance will cover this claim up to your limits of liability.

What are the things you need to consider before purchasing Professional Liability insurance?

Choosing the right Professional Liability insurance policy for your business is important. There are many things you may need to consider.

Before purchasing Professional Liability insurance, ask yourself these questions:

  • Are there minimum amount of coverage requirements in my state for my occupation?
    Some states require Professional Liability insurance for certain occupations and businesses. They may also set minimum coverage amounts to operate in the state. Contact your state’s small business development center to learn what is required in your state.
  • How much coverage does my business need?
    Regardless of what is required by law, the amount of coverage you need will likely depend on several factors. These may include things like the size of your business, your industry and occupation and the level of risk you anticipate.
  • What are the risks of my occupation or business?
    Every business is unique. Your Professional Liability policy should provide coverage for the unique risks you’ll face.
  • Will Professional Liability insurance cover all these risks?
    Professional Liability insurance may not cover every type of risk your business may face. You may also need other types of insurance, such as General Liability or a Business Owner’s Policy, to fully protect your business.
  • What is the cost of a policy?
    The cost of Professional Liability insurance depends on many factors. While the amount you pay in premiums is an important thing to consider, the least expensive policy may not provide the best coverage for your business. Be sure to weigh all factors, including price, before purchasing a Professional Liability policy.

 

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.

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MOVING FORWARD, I WILL BE SENDING ALL OF MY BUSINESS TO THIS COMPANY !!!! Incredible customer service!!! Thanks
THEODORE WELLS
THEODORE WELLS
19:49 09 Sep 21
Daniel Patrick Sullivan
Daniel Patrick Sullivan
16:49 07 Sep 21
Their representative clearly explained different kinds of policies to help me select the one appropriate for my needs and then helped me enroll by phone painlessly. By the end of the call, I had a policy in place.
Dissent Doe
Dissent Doe
22:21 02 Sep 21
Sheree Williams
Sheree Williams
19:39 27 Jul 21
Eugene was Awesome!!!!
Lakesha G
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
Lane
Lane
18:22 22 Jun 21
Jugrid Ombisi
Jugrid Ombisi
16:26 15 Jun 21
Done in less than an hour!
William Opperman
William Opperman
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
Brenda Jones
Brenda Jones
20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
Arik Solberg
Arik Solberg
16:34 10 May 21
Adj Ako
Adj Ako
16:47 05 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba Perez
Elba Perez
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
Casper Martinez
Casper Martinez
19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic Films
Poetic Films
21:00 07 Apr 21
Sandra Darjean-Murphy
Sandra Darjean-Murphy
17:48 31 Mar 21
Jusephine Ghong
Jusephine Ghong
17:58 23 Mar 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin Behm
Franklin Behm
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V Lapierre
Cassiopée V Lapierre
23:13 09 Mar 21
S & S Professional care llc Home Health Agengy
S & S Professional care llc Home Health Agengy
04:15 24 Feb 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie Woodruff
Stephanie Woodruff
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined Perez
Esined Perez
23:32 17 Feb 21
DIVINE FIJIANS HOME CARE SERVICES
DIVINE FIJIANS HOME CARE SERVICES
22:49 05 Jan 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe Wajdula
Joe Wajdula
03:29 12 Dec 20
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 (LPN)
Owner (LPN)
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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