Commercial insurance options
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Liability protection for advice and services
Commercial insurance options
Or, quote another product
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.
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:
Learn more about how professional liability coverage from Progressive Commercial can protect your business's reputation and develop customer trust.
Small business professional liability insurance typically excludes the following claims:
Be sure to ask about what professional services insurance does and doesn't cover when getting a quote.
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.
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.
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.
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.
The quickest way to get professional liability insurance is to start an online quote. You can also call us to speak with an agent. They’ll help you identify which professional liability limits best match your small business and personalize a policy to meet your needs and budget.
Yes. Errors and omissions (E&O) insurance and professional liability insurance are usually considered the same. These two terms can be used interchangeably.
Professional liability is a type of indemnity insurance for businesses that offer advice and services. In general, indemnity policies refer to a wider range of scenarios and industries.
You can ask your professional liability insurance company for more information on the differences when you get a quote.
You might need professional liability insurance depending on your job, location, and clientele. Certain clients may require it before they agree to work with you. In some places, specific professions might also legally need this coverage. Be sure to check your business contracts and local laws.
Professional liability covers negligence related to advice and services. For example, it can protect a lawyer whose client sues for poor counsel or a consultant whose mistake causes financial loss.
General liability only protects against physical injury or property damage to a third party. For example, general liability could cover medical payments if a customer slips and falls on a business owner's premises.
Learn more about general liability vs. professional liability.
Yes. Professional liability coverage can protect against unsupported negligence claims.
Typically yes, but it depends on the employee type. Professional liability insurance protects your employees while they are on the job. However, subcontractors usually need their own professional liability policy.
Yes. Progressive can help you get business insurance, including professional liability, in all states except Hawaii. Browse business insurance by state.