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    What is professional liability insurance?

    Professional liability insurance protects businesses that provide professional advice and services against claims of negligence or substandard work. It's also known as errors and omissions (E&O) insurance.

    Experts who give advice, such as attorneys and consultants, usually require professional liability coverage because their mistakes can cause financial or indirect loss for their clients. These incidents are typically excluded from other types of business insurance.

    Why is professional liability insurance important?

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    What professional liability insurance covers

    Professional liability insurance covers claims related to your business's services, regardless of whether you made a mistake. It can help pay for damages and legal defense costs up to your policy limits for a variety of issues, such as:

    • Negligence and other mistakes
    • Incorrect advice
    • Misrepresentation
    • Copyright infringement
    • Personal injury
    • Failure to deliver a service

    Learn more about how professional liability coverage from Progressive Commercial can protect your business's reputation and develop customer trust.

    What professional liability insurance doesn't cover

    Small business professional liability insurance typically excludes the following claims:

    • Property damage
    • Bodily injury
    • Intentional acts
    • Employee injuries
    • Cyber incidents
    • Contractual liability

    Be sure to ask about what professional services insurance does and doesn't cover when getting a quote.

    How does professional liability insurance work?

    Many professional liability policies are written on  claims-made forms, which means that coverage only applies to claims filed during the policy period. You can add a retroactive date to cover incidents that occur before your policy begins.

    Professional liability insurance can protect against claims that arise from services provided in the past and for work performed anywhere in the world.

    To make a claim, contact your professional liability insurance provider and prepare to describe the incident to us.

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    Who needs professional liability insurance?

    Any small business that sells a professional service or gives advice should consider buying professional liability insurance to protect against lawsuits that arise from their mistakes.

    Some states legally require certain professionals, such as lawyers, to have a policy before they can do business. Clients might also ask you to carry a specific amount of professional liability insurance as part of their contracts.

    A variety of industries benefit from having liability insurance for professionals, including:

    Browse business insurance by profession to learn more about how professional liability can help you.

    What does professional liability insurance cost?

    In 2023, the national median cost of professional liability insurance through Progressive Commercial was $42 per month. The average monthly price was $64.

    Learn more about which factors influence the cost of professional liability insurance, and explore ways to reduce your premium. Keep in mind that a professional liability quote is the only way to discover your exact rate.

    Why choose professional liability insurance from Progressive Commercial

    Progressive Commercial can connect you with the right professional liability insurance for your small business. Our experts will tailor a policy to meet your unique risks and provide outstanding customer service, from purchasing to claims.

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    Start a professional liability insurance quote

    Common questions about professional liability insurance

    Is errors and omissions insurance the same as professional liability?

    Is a professional liability policy the same as indemnity insurance?

    When is professional liability insurance required?

    What's the difference between professional liability and general liability policies?

    Will professional liability cover me even if the lawsuit is baseless?

    Does a professional liability policy cover employees and subcontractors?

    Can Progressive help me get professional liability insurance in my state?

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    Start a quote and protect your small business with professional liability insurance today

    Get a quoteOr, call 1-888-806-9598